Stitch Fix (NASDAQ:SFIX) CFO David Aufderhaar Sells 65,709 Shares

Stitch Fix, Inc. (NASDAQ:SFIX) CFO David Aufderhaar sold 65,709 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $3.09, for a total transaction of $203,040.81. Following the sale, the chief financial officer directly owned 1,178,037 shares of the company’s stock, valued at approximately $3,640,134.33. This represents a 5.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Aufderhaar also recently made the following trade(s):

• On Tuesday, January 20th, David Aufderhaar sold 24,114 shares of Stitch Fix stock. The shares were sold at an average price of $5.13, for a total transaction of $123,704.82.

Stitch Fix Trading Up 0.3%

Shares of NASDAQ SFIX opened at $3.12 on Thursday. The stock has a market cap of $425.94 million, a PE ratio of -24.00 and a beta of 2.33. The company has a 50-day moving average of $3.56 and a 200 day moving average of $4.33. Stitch Fix, Inc. has a 12-month low of $2.69 and a 12-month high of $5.94.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SFIX. UBS Group decreased their price objective on shares of Stitch Fix from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. William Blair restated a “mixed” rating on shares of Stitch Fix in a report on Friday, March 6th. Telsey Advisory Group decreased their price objective on shares of Stitch Fix from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, March 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Stitch Fix in a report on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $5.00.

Institutional Investors Weigh In On Stitch Fix

A number of large investors have recently modified their holdings of SFIX. State of Alaska Department of Revenue purchased a new stake in shares of Stitch Fix in the 3rd quarter valued at approximately $32,000. Creative Planning purchased a new stake in shares of Stitch Fix in the 2nd quarter valued at approximately $46,000. CIBC Bancorp USA Inc. purchased a new position in shares of Stitch Fix in the 3rd quarter valued at $50,000. Farther Finance Advisors LLC grew its position in shares of Stitch Fix by 52.1% in the 4th quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company’s stock valued at $51,000 after buying an additional 3,329 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Stitch Fix in the 3rd quarter valued at $57,000. 71.04% of the stock is owned by hedge funds and other institutional investors.

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.