Stitch Fix, Inc. (NASDAQ:SFIX) Insider Sells $236,000.00 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) insider Casey O'connor sold 50,000 shares of Stitch Fix stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $4.72, for a total value of $236,000.00. Following the completion of the sale, the insider owned 508,621 shares of the company's stock, valued at approximately $2,400,691.12. The trade was a 8.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 stock was sold at an average price of $5.00, for a total value of $50,000.00.

Stitch Fix Trading Down 2.9%

Shares of NASDAQ:SFIX traded down $0.15 during mid-day trading on Friday, hitting $5.05. 2,019,115 shares of the company traded hands, compared to its average volume of 2,165,996. The stock has a market cap of $658.97 million, a P/E ratio of -10.98 and a beta of 1.93. Stitch Fix, Inc. has a 12-month low of $2.21 and a 12-month high of $6.99. The stock has a 50-day moving average price of $4.26 and a two-hundred day moving average price of $4.15.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its earnings results on Wednesday, June 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate 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 was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.18) EPS. As a group, analysts expect that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Cooper Creek Partners Management LLC boosted its position in Stitch Fix by 1,405.2% in the fourth quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company's stock worth $18,418,000 after purchasing an additional 3,989,362 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Stitch Fix by 142.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,464,863 shares of the company's stock worth $10,624,000 after purchasing an additional 1,449,941 shares during the last quarter. Nuveen LLC purchased a new position in Stitch Fix in the first quarter worth $4,159,000. Norges Bank purchased a new position in Stitch Fix in the fourth quarter worth $3,183,000. Finally, Two Sigma Investments LP boosted its position in Stitch Fix by 300.4% in the fourth quarter. Two Sigma Investments LP now owns 911,349 shares of the company's stock worth $3,928,000 after purchasing an additional 683,751 shares during the last quarter. Hedge funds and other institutional investors own 71.04% of the company's stock.

Wall Street Analysts Forecast Growth

SFIX has been the subject of several recent research reports. Telsey Advisory Group restated a "market perform" rating and set a $6.00 price objective on shares of Stitch Fix in a report on Wednesday, June 11th. William Blair upgraded Stitch Fix from a "market perform" rating to an "outperform" rating in a report on Monday, July 14th. Finally, Wall Street Zen downgraded Stitch Fix from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.