Key Points
- Insider sales: Casey O'connor sold a total of 158,099 Stitch Fix shares across four trades in January for roughly $836,000, including 19,347 shares on Jan. 27 for $109,890.96, leaving him with 542,071 shares (the Jan. 27 sale reduced his position by 3.45%).
- Financials and analyst view: Stitch Fix is still unprofitable (quarterly EPS of -$0.05, negative P/E of -30.25) though revenue rose 7.3% to $342.13M; analysts' consensus is a "Hold" with a $6.00 target price.
- Stock context: The shares trade around $4.84 with a market cap of about $649.5M, 50-day and 200-day moving averages at $5.05 and $4.86, and a one-year range of $2.60–$5.94.
Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) insider Casey O'connor sold 19,347 shares of Stitch Fix stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $5.68, for a total transaction of $109,890.96. Following the completion of the sale, the insider owned 542,071 shares of the company's stock, valued at approximately $3,078,963.28. This trade represents a 3.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through 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.
- On Wednesday, January 21st, Casey O'connor sold 13,852 shares of Stitch Fix stock. The stock was sold at an average price of $5.34, for a total transaction of $73,969.68.
Stitch Fix Stock Performance
NASDAQ:SFIX opened at $4.84 on Friday. The company has a market capitalization of $649.53 million, a price-to-earnings ratio of -30.25 and a beta of 2.10. Stitch Fix, Inc. has a one year low of $2.60 and a one year high of $5.94. The stock has a 50-day simple moving average of $5.05 and a 200 day simple moving average of $4.86.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its quarterly earnings data on Thursday, December 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $342.13 million for 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 for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. On average, equities research analysts forecast that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.
Analyst Ratings Changes
SFIX has been the subject of a number of research reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $6.00 price objective on shares of Stitch Fix in a report on Monday, December 1st. Wall Street Zen downgraded shares of Stitch Fix from a "buy" rating to a "hold" rating in a research report on Saturday, January 3rd. Zacks Research downgraded shares of Stitch Fix from a "strong-buy" rating to a "hold" rating in a research 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 issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $6.00.
Check Out Our Latest Research Report on SFIX
Hedge Funds Weigh In On Stitch Fix
Hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new position in shares of Stitch Fix during the third quarter worth about $32,000. First Dallas Securities Inc. acquired a new position in Stitch Fix during the 2nd quarter valued at about $37,000. Ameritas Investment Partners Inc. grew its position in 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 purchasing an additional 2,645 shares during the last quarter. 111 Capital acquired a new stake in shares of Stitch Fix in the second quarter valued at approximately $44,000. Finally, Creative Planning bought a new stake in shares of Stitch Fix during the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 71.04% of the company's stock.
Stitch Fix Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
