Insider Selling: Stitch Fix (NASDAQ:SFIX) Insider Sells $184,800.00 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Casey O’connor sold 60,000 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $3.08, for a total value of $184,800.00. Following the sale, the insider owned 480,334 shares in the company, valued at approximately $1,479,428.72. The trade was a 11.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, January 27th, Casey O’connor sold 19,347 shares of Stitch Fix stock. The stock was sold at an average price of $5.68, for a total value of $109,890.96.
• 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 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 value of $73,969.68.

Stitch Fix Trading Up 9.0%

NASDAQ SFIX opened at $3.63 on Thursday. The stock’s 50-day moving average price is $3.41 and its two-hundred day moving average price is $4.26. The company has a market cap of $495.57 million, a PE ratio of -27.92 and a beta of 2.33. Stitch Fix, Inc. has a 1 year low of $2.87 and a 1 year high of $5.94.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Wednesday, March 11th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The company had revenue of $341.30 million for the quarter, compared to the consensus estimate of $334.74 million. Stitch Fix had a negative return on equity of 12.23% and a negative net margin of 1.89%.The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS. Research analysts forecast that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Stitch Fix

A number of hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in Stitch Fix by 5.5% in the fourth quarter. Invesco Ltd. now owns 460,236 shares of the company’s stock worth $2,416,000 after buying an additional 24,124 shares during the last quarter. XTX Topco Ltd acquired a new position in Stitch Fix in the fourth quarter worth approximately $593,000. Tudor Investment Corp ET AL acquired a new position in Stitch Fix in the fourth quarter worth approximately $138,000. Millennium Management LLC increased its holdings in Stitch Fix by 102.7% in the fourth quarter. Millennium Management LLC now owns 297,276 shares of the company’s stock worth $1,561,000 after buying an additional 150,653 shares during the last quarter. Finally, Man Group plc acquired a new position in Stitch Fix in the fourth quarter worth approximately $115,000. Institutional investors and hedge funds own 71.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. William Blair reiterated a “mixed” rating on shares of Stitch Fix in a report on Friday, March 6th. Telsey Advisory Group dropped their target price on Stitch Fix from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, March 12th. Wall Street Zen downgraded Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stitch Fix in a report on Thursday, January 22nd. Finally, UBS Group dropped their target price on Stitch Fix from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $5.00.

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.