Casey O’connor Sells 13,852 Shares of Stitch Fix (NASDAQ:SFIX) Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Casey O’connor sold 13,852 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $5.34, for a total transaction of $73,969.68. Following the transaction, the insider directly owned 542,071 shares of the company’s stock, valued at $2,894,659.14. This trade represents a 2.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 transaction of $220,323.06.
• On Tuesday, January 20th, Casey O’connor sold 83,641 shares of Stitch Fix stock. The shares were sold at an average price of $5.16, for a total transaction of $431,587.56.

Stitch Fix Stock Performance

Shares of SFIX traded down $0.01 during trading hours on Thursday, hitting $5.22. The stock had a trading volume of 1,573,217 shares, compared to its average volume of 1,752,813. 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 $700.52 million, a P/E ratio of -32.63 and a beta of 2.10. The company’s fifty day simple moving average is $4.94 and its 200 day simple moving average is $4.82.

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

Analysts Set New Price Targets

SFIX has been the subject of several research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 price objective on shares of Stitch Fix in a research note on Monday, December 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Stitch Fix in a report on Wednesday, October 8th. Zacks Research downgraded Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Wall Street Zen lowered Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $6.00 target price on shares of Stitch Fix in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.00.

Hedge Funds Weigh In On Stitch Fix

Institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in shares of Stitch Fix during the third quarter worth about $32,000. First Dallas Securities Inc. purchased a new position in shares of Stitch Fix during the 2nd quarter valued at approximately $37,000. Ameritas Investment Partners Inc. raised 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 acquiring an additional 2,645 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in Stitch Fix during the 3rd quarter valued at $50,000. Finally, 111 Capital acquired a new stake in shares of Stitch Fix in the 2nd quarter valued at about $44,000. Institutional investors and hedge funds own 71.04% of the company’s stock.

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.