Stitch Fix, Inc. (NASDAQ:SFIX) Insider Casey O'connor Sells 31,248 Shares

Key Points

• Casey O'connor sold 31,248 shares of Stitch Fix stock on July 28th for a total value of $166,864.32, reducing their ownership by 5.90% to 498,621 shares.
• Stitch Fix's shares traded down to $4.99, with a market cap of $651.15 million and a negative PE ratio of -10.85.
• The company reported a loss of ($0.06) EPS, surpassing analysts' estimates and reflecting a slight revenue increase of 0.7% year-over-year.

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) insider Casey O'connor sold 31,248 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $5.34, for a total value of $166,864.32. Following the completion of the sale, the insider directly owned 498,621 shares of the company's stock, valued at approximately $2,662,636.14. The trade was a 5.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Casey O'connor also recently made the following trade(s):

• On Tuesday, July 22nd, Casey O'connor sold 10,000 shares of Stitch Fix stock. The shares were sold at an average price of $5.00, for a total value of $50,000.00.
• On Monday, July 21st, Casey O'connor sold 50,000 shares of Stitch Fix stock. The shares were sold at an average price of $4.72, for a total value of $236,000.00.

Stitch Fix Stock Down 5.1%

Shares of SFIX stock traded down $0.24 during trading hours on Friday, reaching $4.49. 2,332,979 shares of the company's stock were exchanged, compared to its average volume of 2,148,658. Stitch Fix, Inc. has a fifty-two week low of $2.21 and a fifty-two week high of $6.99. The stock has a market capitalization of $585.90 million, a P/E ratio of -9.76 and a beta of 2.01. The business has a fifty day moving average price of $4.33 and a 200-day moving average price of $4.15.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.05. Stitch Fix had a negative return on equity of 18.15% and a negative net margin of 4.44%. During the same quarter last year, the firm earned ($0.18) earnings per share. The company's quarterly revenue was up .7% compared to the same quarter last year. As a group, research analysts expect that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SFIX. Raymond James Financial Inc. acquired a new position in shares of Stitch Fix in the fourth quarter valued at $134,000. American Century Companies Inc. raised its stake in shares of Stitch Fix by 16.5% in the fourth quarter. American Century Companies Inc. now owns 187,022 shares of the company's stock valued at $806,000 after purchasing an additional 26,492 shares in the last quarter. LPL Financial LLC raised its stake in shares of Stitch Fix by 314.5% in the fourth quarter. LPL Financial LLC now owns 82,055 shares of the company's stock valued at $354,000 after purchasing an additional 62,258 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Stitch Fix by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company's stock valued at $27,882,000 after purchasing an additional 457,568 shares in the last quarter. Finally, Corebridge Financial Inc. raised its stake in shares of Stitch Fix by 4.8% in the fourth 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. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SFIX shares. Wall Street Zen lowered Stitch Fix from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Telsey Advisory Group restated a "market perform" rating and issued a $6.00 target price on shares of Stitch Fix in a report on Wednesday, June 11th. Finally, William Blair upgraded Stitch Fix from a "market perform" rating to an "outperform" rating in a report on Monday, July 14th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $5.67.

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.