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

Stitch Fix, Inc. (NASDAQ:SFIX) insider Casey O’connor sold 83,641 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $5.16, for a total transaction of $431,587.56. Following the completion of the sale, the insider owned 542,071 shares of the company’s stock, valued at approximately $2,797,086.36. The trade was a 13.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 stock was sold at an average price of $5.34, for a total transaction 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 transaction of $73,969.68.

Stitch Fix Stock Down 4.2%

NASDAQ SFIX opened at $5.00 on Friday. The company has a 50-day simple moving average of $4.95 and a two-hundred day simple moving average of $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 cap of $671.00 million, a price-to-earnings ratio of -31.25 and a beta of 2.10.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a report on Monday, December 1st. Wall Street Zen downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Zacks Research lowered shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Stitch Fix in a report on Thursday. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Stitch Fix has a consensus rating of “Hold” and an average target price of $6.00.

Institutional Inflows and Outflows

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

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.