Casey O’connor Sells 41,259 Shares of Stitch Fix (NASDAQ:SFIX) Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Casey O’connor sold 41,259 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $5.34, for a total transaction of $220,323.06. Following the completion of the sale, the insider directly owned 542,071 shares in the company, valued at approximately $2,894,659.14. The trade was a 7.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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 stock was 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 shares were sold at an average price of $5.34, for a total transaction of $73,969.68.

Stitch Fix Price Performance

SFIX stock opened at $5.00 on Friday. The company’s 50 day simple moving average is $4.95 and its 200-day simple moving average is $4.83. Stitch Fix, Inc. has a 12 month low of $2.60 and a 12 month high of $5.94. The firm has a market capitalization of $671.00 million, a PE ratio of -31.25 and a beta of 2.10.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings data 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 return on equity of 14.38% and a negative net margin of 2.23%.The firm had revenue of $342.13 million during the quarter, compared to the consensus estimate of $335.74 million. During the same period in the previous year, the firm posted ($0.03) EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

Hedge Funds Weigh In On Stitch Fix

Large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new stake in Stitch Fix in the 3rd quarter valued at about $32,000. Farther Finance Advisors LLC boosted its position in shares of Stitch Fix by 52.1% in the fourth quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company’s stock worth $51,000 after acquiring an additional 3,329 shares during the last quarter. First Dallas Securities Inc. acquired a new stake in shares of Stitch Fix in the second quarter worth approximately $37,000. Ameritas Investment Partners Inc. grew its holdings in 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. Finally, CIBC Bancorp USA Inc. acquired a new position in Stitch Fix during the third quarter worth approximately $50,000. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SFIX. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stitch Fix in a research note on Thursday. Wall Street Zen lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Zacks Research cut shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 price objective on shares of Stitch Fix in a research report on Monday, December 1st. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.