Stitch Fix (NASDAQ:SFIX) Insider Casey O’connor Sells 83,641 Shares of Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Casey O’connor sold 83,641 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $5.16, for a total value of $431,587.56. Following the completion of the sale, the insider directly owned 542,071 shares of the company’s stock, valued at approximately $2,797,086.36. This trade represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 shares were sold at an average price of $5.34, for a total value of $220,323.06.
• 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 value of $73,969.68.

Stitch Fix Trading Down 0.2%

Shares of NASDAQ:SFIX opened at $5.22 on Friday. The stock’s fifty day simple moving average is $4.94 and its two-hundred day simple moving average is $4.82. Stitch Fix, Inc. has a 1-year low of $2.60 and a 1-year high of $5.94. The stock has a market cap of $700.52 million, a PE ratio of -32.63 and a beta of 2.10.

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

Institutional Investors Weigh In On Stitch Fix

Several large investors have recently added to or reduced their stakes in the company. Fund 1 Investments LLC lifted its holdings in Stitch Fix by 44.6% during the second quarter. Fund 1 Investments LLC now owns 9,943,821 shares of the company’s stock valued at $36,792,000 after purchasing an additional 3,064,901 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Stitch Fix by 302.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,897,171 shares of the company’s stock valued at $12,603,000 after purchasing an additional 2,178,156 shares during the period. Marshall Wace LLP lifted its stake in shares of Stitch Fix by 4,898.1% during the 2nd quarter. Marshall Wace LLP now owns 2,010,034 shares of the company’s stock valued at $7,437,000 after buying an additional 1,969,818 shares in the last quarter. Working Capital Advisors UK Ltd. boosted its holdings in Stitch Fix by 15.9% in the 3rd quarter. Working Capital Advisors UK Ltd. now owns 11,046,077 shares of the company’s stock worth $48,050,000 after buying an additional 1,512,475 shares during the period. Finally, Shay Capital LLC purchased a new position in Stitch Fix in the 2nd quarter valued at approximately $3,570,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Analyst Ratings Changes

SFIX has been the subject of several recent analyst reports. Telsey Advisory Group reaffirmed 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 downgraded Stitch Fix from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stitch Fix in a research report on Wednesday, October 8th. Wall Street Zen cut Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average 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.