Stitch Fix, Inc. (NASDAQ:SFIX) CFO Sells $104,743.80 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) CFO David Aufderhaar sold 20,538 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $5.10, for a total transaction of $104,743.80. Following the transaction, the chief financial officer directly owned 937,338 shares in the company, valued at approximately $4,780,423.80. The trade was a 2.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Stitch Fix Trading Up 3.3%

SFIX stock traded up $0.17 during midday trading on Monday, hitting $5.22. The stock had a trading volume of 412,865 shares, compared to its average volume of 2,219,314. The firm has a market capitalization of $680.51 million, a price-to-earnings ratio of -11.34 and a beta of 1.93. Stitch Fix, Inc. has a 52 week low of $2.21 and a 52 week high of $6.99. The stock has a 50-day simple moving average of $4.26 and a 200 day simple moving average of $4.14.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its earnings results on Wednesday, June 11th. The company reported ($0.06) EPS for the quarter, topping 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 for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.18) earnings per share. On average, equities analysts forecast that Stitch Fix, Inc. will post -0.44 EPS for the current year.

Wall Street Analyst Weigh In

SFIX has been the topic of several recent research reports. Telsey Advisory Group reaffirmed a "market perform" rating and set a $6.00 price objective on shares of Stitch Fix in a research report on Wednesday, June 11th. Wall Street Zen downgraded shares of Stitch Fix from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, William Blair upgraded shares of Stitch Fix from a "market perform" rating to an "outperform" rating in a research note on Monday, July 14th. 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 MarketBeat.com, Stitch Fix has a consensus rating of "Hold" and a consensus target price of $5.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Corebridge Financial Inc. lifted its holdings in shares of Stitch Fix by 4.8% during the fourth quarter. Corebridge Financial Inc. now owns 50,355 shares of the company's stock valued at $217,000 after acquiring an additional 2,295 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Stitch Fix by 3.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 84,760 shares of the company's stock valued at $275,000 after acquiring an additional 2,700 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Stitch Fix by 4.1% during the fourth 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Stitch Fix by 7.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,270 shares of the company's stock valued at $199,000 after acquiring an additional 3,993 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of Stitch Fix by 31.1% during the fourth quarter. Cerity Partners LLC now owns 29,452 shares of the company's stock valued at $124,000 after acquiring an additional 6,993 shares during the period. 71.04% of the stock is owned by 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.