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 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 transaction, the insider directly owned 542,071 shares of the company’s stock, valued at $3,078,963.28. This represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 shares were sold at an average price of $5.34, for a total value of $73,969.68.

Stitch Fix Price Performance

Stitch Fix stock opened at $4.80 on Friday. The stock’s 50 day moving average price is $5.06 and its 200 day moving average price is $4.87. Stitch Fix, Inc. has a 1-year low of $2.60 and a 1-year high of $5.94. The company has a market cap of $644.16 million, a PE ratio of -30.00 and a beta of 2.10.

Stitch Fix (NASDAQ:SFIX) last released 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). The firm 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%.Stitch Fix’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) earnings per share. On average, equities research analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Stitch Fix

Several institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in Stitch Fix in the 3rd quarter valued at $32,000. First Dallas Securities Inc. purchased a new stake in shares of Stitch Fix in the second quarter valued at $37,000. Ameritas Investment Partners Inc. increased its stake 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 last quarter. 111 Capital purchased a new position in Stitch Fix during the second quarter worth about $44,000. Finally, Creative Planning purchased a new position in Stitch Fix during the second quarter worth about $46,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. 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. Wall Street Zen downgraded Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Zacks Research cut Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Stitch Fix in a report on Thursday, January 22nd. One 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, the stock has a consensus 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.