Stitch Fix, Inc. (NASDAQ:SFIX) Insider Sells $50,000.00 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) insider Casey O'connor sold 10,000 shares of the 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 owned 498,621 shares in the company, valued at $2,493,105. The trade was a 1.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 transaction of $236,000.00.

Stitch Fix Price Performance

SFIX traded down $0.15 on Friday, hitting $5.05. 2,019,115 shares of the stock were exchanged, compared to its average volume of 2,165,996. The firm has a market capitalization of $658.97 million, a price-to-earnings 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 business has a 50-day moving average of $4.26 and a two-hundred day moving average of $4.15.

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, beating the consensus estimate of ($0.11) by $0.05. Stitch Fix had a negative net margin of 4.44% and a negative return on equity of 18.15%. During the same period in the previous year, the firm posted ($0.18) earnings per share. The firm's quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts expect that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SFIX. Wescott Financial Advisory Group LLC bought a new stake in shares of Stitch Fix during the 1st quarter valued at approximately $32,000. 111 Capital bought a new position in Stitch Fix in the 2nd quarter valued at approximately $44,000. Polymer Capital Management US LLC acquired a new stake in Stitch Fix in the fourth quarter valued at approximately $82,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Stitch Fix by 96.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,786 shares of the company's stock worth $107,000 after buying an additional 12,177 shares during the last quarter. Finally, Martingale Asset Management L P bought a new stake in shares of Stitch Fix during the first quarter worth $85,000. 71.04% of the stock is currently owned by institutional investors and hedge funds.

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.