Key Points
- Stitch Fix CFO David Aufderhaar sold 67,960 shares on July 6 at an average price of $3.79, totaling about $257,568. The sale was made under a pre-arranged Rule 10b5-1 plan.
- Stitch Fix shares fell 4.6% and were trading around $3.55, near the lower end of their 12-month range of $2.95 to $5.94. The company’s market cap was about $473.7 million.
- The company’s latest quarterly results beat expectations, with EPS of -$0.01 versus the expected -$0.06 and revenue of $340.28 million, up 4.7% year over year. Analysts currently rate the stock a consensus Hold with an average price target of $5.12.
Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) CFO David Aufderhaar sold 67,960 shares of the company's stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $3.79, for a total transaction of $257,568.40. Following the sale, the chief financial officer directly owned 1,102,369 shares of the company's stock, valued at $4,177,978.51. This represents a 5.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Stitch Fix Stock Down 4.6%
Shares of Stitch Fix stock opened at $3.55 on Thursday. Stitch Fix, Inc. has a 12-month low of $2.95 and a 12-month high of $5.94. The company has a market capitalization of $473.68 million, a price-to-earnings ratio of -44.38 and a beta of 2.26. The firm's 50-day moving average price is $3.69 and its two-hundred day moving average price is $3.96.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its earnings results on Wednesday, June 10th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.05. Stitch Fix had a negative net margin of 1.43% and a negative return on equity of 9.35%. The company had revenue of $340.28 million during the quarter, compared to analysts' expectations of $333.51 million. During the same period in the previous year, the company earned ($0.06) EPS. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts expect that Stitch Fix, Inc. will post -0.14 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on SFIX. Northland Securities initiated coverage on Stitch Fix in a research note on Thursday, May 28th. They issued an "outperform" rating and a $5.00 price objective for the company. Telsey Advisory Group reduced their target price on shares of Stitch Fix from $6.00 to $5.00 and set a "market perform" rating on the stock in a report on Thursday, March 12th. Wall Street Zen cut shares of Stitch Fix from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. UBS Group raised their price target on shares of Stitch Fix from $4.00 to $4.50 and gave the company a "neutral" rating in a research note on Thursday, June 11th. Finally, Weiss Ratings lowered shares of Stitch Fix from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, June 12th. One 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. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $5.12.
Read Our Latest Stock Report on Stitch Fix
Institutional Investors Weigh In On Stitch Fix
Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in shares of Stitch Fix by 52.1% during the 4th quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company's stock worth $51,000 after buying an additional 3,329 shares during the period. Caerus Investment Advisors LLC acquired a new position in shares of Stitch Fix during the first quarter worth approximately $36,000. Royal Bank of Canada lifted its holdings in shares of Stitch Fix by 324.6% in the 4th quarter. Royal Bank of Canada now owns 10,998 shares of the company's stock worth $57,000 after purchasing an additional 8,408 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Stitch Fix in the 3rd quarter worth $50,000. Finally, First Dallas Securities Inc. acquired a new stake in Stitch Fix in the 1st quarter valued at $38,000. Institutional investors 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.
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