Casey O’connor Sells 19,347 Shares of Stitch Fix (NASDAQ:SFIX) 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 stock was sold at an average price of $5.68, for a total transaction of $109,890.96. Following the completion of the sale, the insider directly owned 542,071 shares of the company’s stock, valued at approximately $3,078,963.28. This trade represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 shares were 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 stock was 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 Price Performance

SFIX traded down $0.32 on Thursday, reaching $4.84. 2,379,332 shares of the stock were exchanged, compared to its average volume of 2,243,396. The company’s 50-day moving average price is $5.04 and its 200 day moving average price is $4.86. The firm has a market capitalization of $649.53 million, a PE ratio of -30.25 and a beta of 2.10. Stitch Fix, Inc. has a fifty-two week low of $2.60 and a fifty-two week high of $5.94.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Thursday, December 4th. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). The business had revenue of $342.13 million during the quarter, compared to analysts’ expectations of $335.74 million. Stitch Fix had a negative return on equity of 14.38% and a negative net margin of 2.23%.The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) earnings per share. As a group, equities 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

Hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in Stitch Fix during the 3rd quarter worth approximately $32,000. First Dallas Securities Inc. acquired a new stake in shares of Stitch Fix during the second quarter worth $37,000. Ameritas Investment Partners Inc. grew its position in Stitch Fix by 32.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock valued at $40,000 after buying an additional 2,645 shares during the last quarter. 111 Capital acquired a new position in Stitch Fix in the 2nd quarter valued at $44,000. Finally, Creative Planning purchased a new position in Stitch Fix during the 2nd quarter worth $46,000. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SFIX has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stitch Fix in a research note on Thursday, January 22nd. Zacks Research lowered shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Telsey Advisory Group restated a “market perform” rating and set a $6.00 price objective on shares of Stitch Fix in a research report on Monday, December 1st. Finally, Wall Street Zen lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.