Insider Selling: Stitch Fix (NASDAQ:SFIX) Insider Sells $109,890.96 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Casey O’connor sold 19,347 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $5.68, for a total value of $109,890.96. Following the sale, the insider owned 542,071 shares in the company, valued at approximately $3,078,963.28. The trade was a 3.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Casey O’connor also recently made the following trade(s):

• On Thursday, January 22nd, Casey O’connor sold 41,259 shares of Stitch Fix stock. The stock was sold at an average price of $5.34, for a total value of $220,323.06.
• On Tuesday, January 20th, Casey O’connor sold 83,641 shares of Stitch Fix stock. The shares were sold at an average price of $5.16, for a total value of $431,587.56.
• On Wednesday, January 21st, Casey O’connor sold 13,852 shares of Stitch Fix stock. The stock was sold at an average price of $5.34, for a total transaction of $73,969.68.

Stitch Fix Stock Down 0.8%

NASDAQ:SFIX opened at $4.80 on Friday. Stitch Fix, Inc. has a twelve month low of $2.60 and a twelve month high of $5.94. The company has a fifty day moving average of $5.06 and a 200-day moving average of $4.87. The firm has a market capitalization of $644.16 million, a P/E ratio of -30.00 and a beta of 2.10.

Stitch Fix (NASDAQ:SFIX) last released its earnings results on Thursday, December 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). The company had revenue of $342.13 million for the quarter, compared to the consensus estimate of $335.74 million. Stitch Fix had a negative net margin of 2.23% and a negative return on equity of 14.38%. Stitch Fix’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.03) EPS. On average, analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Stitch Fix

Several institutional investors have recently bought and sold shares of SFIX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Stitch Fix by 7.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,270 shares of the company’s stock valued at $199,000 after acquiring an additional 3,993 shares in the last quarter. 111 Capital purchased a new stake in shares of Stitch Fix in the second quarter valued at about $44,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Stitch Fix by 23.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 938,473 shares of the company’s stock valued at $3,472,000 after purchasing an additional 175,681 shares in the last quarter. First Dallas Securities Inc. purchased a new position in Stitch Fix during the second quarter worth about $37,000. Finally, Geode Capital Management LLC boosted its holdings in Stitch Fix by 7.2% during the second quarter. Geode Capital Management LLC now owns 2,609,599 shares of the company’s stock worth $9,657,000 after purchasing an additional 174,426 shares during the last quarter. Institutional investors own 71.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen lowered Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Telsey Advisory Group restated a “market perform” rating and set a $6.00 price objective on shares of Stitch Fix in a report on Monday, December 1st. Zacks Research lowered Stitch Fix from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Stitch Fix in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Stitch Fix Company Profile

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.