Insider Selling: Stitch Fix, Inc. (NASDAQ:SFIX) Insider Sells 31,248 Shares of Stock

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 company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $5.34, for a total value of $166,864.32. Following the transaction, the insider directly owned 498,621 shares in the company, valued at $2,662,636.14. This represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Trading Down 5.0%

SFIX stock traded down $0.24 during midday trading on Friday, hitting $4.50. 795,004 shares of the company's stock were exchanged, compared to its average volume of 2,225,735. Stitch Fix, Inc. has a 1-year low of $2.21 and a 1-year high of $6.99. The business has a 50-day simple moving average of $4.31 and a two-hundred day simple moving average of $4.16. The stock has a market capitalization of $586.54 million, a PE ratio of -9.77 and a beta of 1.93.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its earnings results on Wednesday, June 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating 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%. The business's revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the firm earned ($0.18) earnings per share. As a group, research analysts expect that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SFIX. Telsey Advisory Group reissued a "market perform" rating and issued a $6.00 price objective on shares of Stitch Fix in a report on Wednesday, June 11th. Wall Street Zen downgraded Stitch Fix from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, William Blair upgraded Stitch Fix from a "market perform" rating to an "outperform" rating in a research report on Monday, July 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $5.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Stitch Fix by 7.9% during the 1st quarter. Vanguard Group Inc. now owns 6,982,536 shares of the company's stock worth $22,693,000 after buying an additional 513,422 shares during the last quarter. Cooper Creek Partners Management LLC increased its position in Stitch Fix by 1,405.2% in the 4th quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company's stock valued at $18,418,000 after acquiring an additional 3,989,362 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Stitch Fix by 6.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,635,207 shares of the company's stock worth $8,564,000 after purchasing an additional 170,344 shares during the period. Geode Capital Management LLC increased its position in Stitch Fix by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 2,459,014 shares of the company's stock worth $10,601,000 after purchasing an additional 164,089 shares during the period. Finally, Nuveen Asset Management LLC increased its position in Stitch Fix by 14.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,985,413 shares of the company's stock worth $8,557,000 after purchasing an additional 255,508 shares during the period. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

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.