Key Points
- Casey O'connor sold 60,000 Stitch Fix shares on April 10 at $3.08 for $184,800 under a pre-arranged Rule 10b5-1 plan, reducing their stake to 480,334 shares (an 11.1% decrease).
- O'connor also executed multiple large sales in January (83,641; 41,259; 19,347; 13,852 shares), totaling about 158,099 shares for roughly $836,000, indicating ongoing insider selling.
- Stitch Fix shares trade near $3.24 with negative EPS and a 1-year range of $2.87–$5.94; analysts' consensus is a "Reduce" rating with an average price target of $5 and a market cap around $442 million.
Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) insider Casey O'connor sold 60,000 shares of the firm's stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $3.08, for a total transaction of $184,800.00. Following the completion of the transaction, the insider directly owned 480,334 shares in the company, valued at $1,479,428.72. This trade represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Casey O'connor also recently made the following trade(s):
- On Tuesday, January 27th, Casey O'connor sold 19,347 shares of Stitch Fix stock. The stock was sold at an average price of $5.68, for a total transaction of $109,890.96.
- 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 Price Performance
SFIX opened at $3.24 on Tuesday. The company's 50 day simple moving average is $3.46 and its two-hundred day simple moving average is $4.27. Stitch Fix, Inc. has a 1-year low of $2.87 and a 1-year high of $5.94. The firm has a market capitalization of $442.32 million, a price-to-earnings ratio of -24.92 and a beta of 2.33.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its earnings results on Wednesday, March 11th. The company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $341.30 million for the quarter, compared to analyst estimates of $334.74 million. During the same period last year, the company posted ($0.05) EPS. The business's revenue was up 9.4% on a year-over-year basis. On average, equities analysts anticipate that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have weighed in on SFIX. William Blair reissued a "mixed" rating on shares of Stitch Fix in a research note on Friday, March 6th. Wall Street Zen downgraded shares of Stitch Fix from a "buy" rating to a "hold" rating in a report on Saturday, January 3rd. Telsey Advisory Group cut their price target on shares of Stitch Fix from $6.00 to $5.00 and set a "market perform" rating for the company in a report on Thursday, March 12th. UBS Group cut their price target on shares of Stitch Fix from $6.00 to $4.00 and set a "neutral" rating for the company in a report on Tuesday, March 3rd. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Stitch Fix in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $5.00.
Read Our Latest Stock Report on Stitch Fix
Hedge Funds Weigh In On Stitch Fix
Several institutional investors have recently modified their holdings of the business. Invesco Ltd. grew its stake in shares of Stitch Fix by 5.5% in the fourth quarter. Invesco Ltd. now owns 460,236 shares of the company's stock worth $2,416,000 after acquiring an additional 24,124 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Stitch Fix in the fourth quarter worth $593,000. Tudor Investment Corp ET AL acquired a new position in shares of Stitch Fix in the fourth quarter worth $138,000. Millennium Management LLC grew its stake in shares of Stitch Fix by 102.7% in the fourth quarter. Millennium Management LLC now owns 297,276 shares of the company's stock worth $1,561,000 after acquiring an additional 150,653 shares in the last quarter. Finally, Man Group plc acquired a new position in shares of Stitch Fix in the fourth quarter worth $115,000. Institutional investors and hedge funds own 71.04% of the company's stock.
About Stitch Fix
(
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.
See Also
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].
