David Aufderhaar Sells 24,114 Shares of Stitch Fix (NASDAQ:SFIX) Stock

Stitch Fix, Inc. (NASDAQ:SFIX) CFO David Aufderhaar sold 24,114 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $5.13, for a total value of $123,704.82. Following the completion of the sale, the chief financial officer directly owned 1,251,862 shares of the company’s stock, valued at $6,422,052.06. This trade represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Stitch Fix Stock Down 0.2%

Stitch Fix stock traded down $0.01 during trading on Thursday, hitting $5.22. The stock had a trading volume of 1,573,217 shares, compared to its average volume of 2,156,515. Stitch Fix, Inc. has a 1 year low of $2.60 and a 1 year high of $5.94. The stock has a market cap of $700.52 million, a price-to-earnings ratio of -32.63 and a beta of 2.10. The stock’s 50 day moving average is $4.94 and its two-hundred day moving average is $4.82.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Thursday, December 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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%.The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) EPS. As a group, equities research analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SFIX shares. Wall Street Zen cut shares of Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stitch Fix in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Sanford C. Bernstein restated a “market perform” rating and issued a $6.00 price target on shares of Stitch Fix in a research report on Thursday, September 25th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 target price on shares of Stitch Fix in a research note on Monday, December 1st. 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.com, Stitch Fix presently has an average rating of “Hold” and a consensus price target of $6.00.

Institutional Investors Weigh In On Stitch Fix

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in Stitch Fix during the 3rd quarter valued at $32,000. First Dallas Securities Inc. acquired a new position in Stitch Fix during the 2nd quarter valued at $37,000. Ameritas Investment Partners Inc. raised its holdings 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 worth $40,000 after buying an additional 2,645 shares in the last quarter. 111 Capital acquired a new stake in Stitch Fix in the 2nd quarter valued at about $44,000. Finally, Creative Planning bought a new stake in shares of Stitch Fix during the 2nd quarter valued at $46,000. 71.04% of the stock is currently 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.