Insider Selling: Stitch Fix, Inc. (NASDAQ:SFIX) Insider Sells 50,000 Shares of Stock

Stitch Fix, Inc. (NASDAQ:SFIX) insider Casey O’connor sold 50,000 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $3.04, for a total transaction of $152,000.00. Following the transaction, the insider now directly owns 575,755 shares of the company’s stock, valued at $1,750,295.20. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stitch Fix Stock Down 0.6 %

Shares of Stitch Fix stock opened at $3.07 on Wednesday. Stitch Fix, Inc. has a 52 week low of $2.06 and a 52 week high of $6.99. The company has a market capitalization of $395.41 million, a PE ratio of -3.70 and a beta of 2.03. The stock’s fifty day moving average is $4.07 and its two-hundred day moving average is $4.03.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.06. The company had revenue of $312.11 million for the quarter, compared to analysts’ expectations of $298.04 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. Stitch Fix’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.29) earnings per share. As a group, research analysts anticipate that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 price objective on shares of Stitch Fix in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, Stitch Fix currently has a consensus rating of “Hold” and a consensus price target of $4.50.

Hedge Funds Weigh In On Stitch Fix

Large investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its stake in Stitch Fix by 1.5% in the fourth quarter. Rhumbline Advisers now owns 149,625 shares of the company’s stock valued at $645,000 after acquiring an additional 2,255 shares in the last quarter. Corebridge Financial Inc. increased its stake in shares of Stitch Fix by 4.8% in the 4th quarter. Corebridge Financial Inc. now owns 50,355 shares of the company’s stock valued at $217,000 after purchasing an additional 2,295 shares in the last quarter. Federated Hermes Inc. grew its stake in Stitch Fix by 4.1% in the 4th quarter. Federated Hermes Inc. now owns 96,504 shares of the company’s stock valued at $416,000 after acquiring an additional 3,771 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Stitch Fix during the fourth quarter worth about $29,000. Finally, Cerity Partners LLC boosted its stake in shares of Stitch Fix by 31.1% in the fourth quarter. Cerity Partners LLC now owns 29,452 shares of the company’s stock worth $124,000 after acquiring an additional 6,993 shares during the last quarter. Institutional investors own 71.04% of the company’s stock.

Stitch Fix Company Profile

Stitch Fix, Inc sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc.