Key Points
- Stitch Fix CFO David Aufderhaar sold 65,709 shares at an average price of $3.09 for proceeds of $203,040.81, trimming his stake by 5.28% to 1,178,037 shares; the trade was executed under a pre‑arranged Rule 10b5‑1 plan.
- Stitch Fix beat the quarter's EPS estimate (reported ($0.02) vs. consensus ($0.05)) and saw revenue rise 9.4% to $341.3 million, but remains unprofitable with a negative net margin (-1.89%) and negative ROE (-12.23%).
- Wall Street sentiment is cautious — the consensus rating is "Reduce" with a $5 target (UBS recently cut its target to $4) — while the stock trades near $3.12 with a market cap around $426 million and a 12‑month range of $2.69–$5.94.
Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) CFO David Aufderhaar sold 65,709 shares of the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $3.09, for a total transaction of $203,040.81. Following the completion of the transaction, the chief financial officer directly owned 1,178,037 shares in the company, valued at $3,640,134.33. This trade represents a 5.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Price Performance
NASDAQ SFIX opened at $3.12 on Thursday. The firm's fifty day moving average price is $3.56 and its 200 day moving average price is $4.33. The company has a market capitalization of $425.94 million, a price-to-earnings ratio of -24.00 and a beta of 2.33. Stitch Fix, Inc. has a 12 month low of $2.69 and a 12 month high of $5.94.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. Stitch Fix had a negative net margin of 1.89% and a negative return on equity of 12.23%. The company had revenue of $341.30 million for the quarter, compared to the consensus estimate of $334.74 million. During the same period last year, the firm posted ($0.05) EPS. Stitch Fix's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have recently commented on SFIX. UBS Group reduced their target price on shares of Stitch Fix from $6.00 to $4.00 and set a "neutral" rating for the company in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Stitch Fix in a research note on Thursday, January 22nd. Wall Street Zen cut shares of Stitch Fix from a "buy" rating to a "hold" rating in a research note on Saturday, January 3rd. Telsey Advisory Group reduced their price objective on shares of Stitch Fix from $6.00 to $5.00 and set a "market perform" rating for the company in a research note on Thursday, March 12th. Finally, William Blair reiterated a "mixed" rating on shares of Stitch Fix in a research note on Friday, March 6th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Stitch Fix presently has a consensus rating of "Reduce" and a consensus target price of $5.00.
Check Out Our Latest Stock Analysis on Stitch Fix
Hedge Funds Weigh In On Stitch Fix
Several hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. increased its holdings in Stitch Fix by 5.5% during the 4th quarter. Invesco Ltd. now owns 460,236 shares of the company's stock valued at $2,416,000 after acquiring an additional 24,124 shares in the last quarter. XTX Topco Ltd purchased a new position in Stitch Fix during the 4th quarter valued at about $593,000. Tudor Investment Corp ET AL purchased a new stake in shares of Stitch Fix during the fourth quarter worth about $138,000. Millennium Management LLC grew its holdings in shares of Stitch Fix by 102.7% during the fourth quarter. Millennium Management LLC now owns 297,276 shares of the company's stock worth $1,561,000 after buying an additional 150,653 shares in the last quarter. Finally, Man Group plc purchased a new stake in shares of Stitch Fix during the fourth quarter worth about $115,000. 71.04% of the stock is currently owned by hedge funds and other institutional investors.
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.
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