Insider Selling: Stitch Fix, Inc. (NASDAQ:SFIX) Insider Sells 10,000 Shares of Stock

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) insider Casey O'connor sold 10,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $5.00, for a total value of $50,000.00. Following the transaction, the insider directly owned 498,621 shares of the company's stock, valued at approximately $2,493,105. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

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

Stitch Fix Trading Down 1.1%

Stitch Fix stock traded down $0.06 during midday trading on Thursday, reaching $5.20. The stock had a trading volume of 2,175,702 shares, compared to its average volume of 2,234,021. The company has a market capitalization of $678.55 million, a P/E ratio of -11.30 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 company has a fifty day moving average price of $4.22 and a two-hundred day moving average price of $4.15.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly 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%. Stitch Fix's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.18) earnings per share. On average, equities research analysts predict that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stitch Fix

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Stitch Fix by 7.9% in 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 lifted its stake 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 valued at $18,418,000 after purchasing an additional 3,989,362 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Stitch Fix by 6.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,635,207 shares of the company's stock valued at $8,564,000 after purchasing an additional 170,344 shares during the last quarter. Geode Capital Management LLC lifted its stake in Stitch Fix by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 2,459,014 shares of the company's stock valued at $10,601,000 after purchasing an additional 164,089 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Stitch Fix by 14.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,985,413 shares of the company's stock valued at $8,557,000 after purchasing an additional 255,508 shares during the last quarter. Hedge funds and other institutional investors own 71.04% of the company's stock.

Wall Street Analyst Weigh In

Several research firms 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 research report on Wednesday, June 11th. William Blair raised Stitch Fix from a "market perform" rating to an "outperform" rating in a research report on Monday, July 14th. Finally, Wall Street Zen lowered Stitch Fix from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Stitch Fix presently has an average rating of "Hold" and a consensus target price of $5.67.

About Stitch Fix

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.