Insider Selling: Stitch Fix (NASDAQ:SFIX) Insider Sells 41,259 Shares of Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Casey O’connor sold 41,259 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $5.34, for a total transaction of $220,323.06. Following the transaction, the insider owned 542,071 shares in the company, valued at approximately $2,894,659.14. This trade represents a 7.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 transaction 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 Performance

Stitch Fix stock traded down $0.01 during midday trading on Thursday, hitting $5.22. 1,573,217 shares of the company’s stock were exchanged, compared to its average volume of 1,752,813. The stock has a market cap of $700.52 million, a price-to-earnings ratio of -32.63 and a beta of 2.10. Stitch Fix, Inc. has a 12-month low of $2.60 and a 12-month high of $5.94. The firm’s 50 day simple moving average is $4.94 and its 200 day simple moving average is $4.82.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in Stitch Fix in the third quarter valued at $32,000. First Dallas Securities Inc. purchased a new position in shares of Stitch Fix in the 2nd quarter valued at about $37,000. Ameritas Investment Partners Inc. lifted its stake in shares of Stitch Fix by 32.3% in the second quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock valued at $40,000 after purchasing an additional 2,645 shares during the period. 111 Capital purchased a new stake in Stitch Fix during the second quarter worth about $44,000. Finally, Creative Planning purchased a new stake in Stitch Fix during the second quarter worth about $46,000. Institutional investors and hedge funds own 71.04% of the company’s stock.

Analyst Ratings Changes

SFIX has been the topic of a number of recent research reports. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 target price on shares of Stitch Fix in a report on Monday, December 1st. Zacks Research cut shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Sanford C. Bernstein restated a “market perform” rating and set a $6.00 price objective on shares of Stitch Fix in a research report on Thursday, September 25th. Wall Street Zen cut shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Stitch Fix in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Stitch Fix presently has a consensus rating of “Hold” and a consensus target price of $6.00.

About Stitch Fix

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.