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 business’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $5.34, for a total transaction of $73,969.68. Following the completion of the transaction, the insider directly owned 542,071 shares of the company’s stock, valued at approximately $2,894,659.14. This represents a 2.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 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.

Stitch Fix Stock Down 4.2%

Shares of Stitch Fix stock opened at $5.00 on Friday. Stitch Fix, Inc. has a fifty-two week low of $2.60 and a fifty-two week high of $5.94. The business’s fifty day moving average is $4.95 and its two-hundred day moving average is $4.83. The firm has a market cap of $671.00 million, a PE ratio of -31.25 and a beta of 2.10.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Thursday, December 4th. The company reported ($0.05) EPS 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 business had revenue of $342.13 million during the quarter, compared to the consensus estimate of $335.74 million. During the same quarter in the previous year, the business earned ($0.03) earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on SFIX. Zacks Research cut shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 price target 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 report on Saturday, January 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stitch Fix in a research report on Thursday. 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.00.

Institutional Investors Weigh In On Stitch Fix

Several institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. raised its stake in shares of Stitch Fix by 32.3% in the 2nd 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 during the period. Wescott Financial Advisory Group LLC boosted its position in Stitch Fix by 30.0% during the 2nd quarter. Wescott Financial Advisory Group LLC now owns 13,000 shares of the company’s stock worth $48,000 after purchasing an additional 3,000 shares during the period. Farther Finance Advisors LLC increased its holdings in 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 purchasing an additional 3,329 shares in the last quarter. Pallas Capital Advisors LLC raised its position in Stitch Fix by 32.2% in the fourth quarter. Pallas Capital Advisors LLC now owns 14,085 shares of the company’s stock valued at $74,000 after purchasing an additional 3,428 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Stitch Fix by 7.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,270 shares of the company’s stock worth $199,000 after purchasing an additional 3,993 shares in the last quarter. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

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.