Stitch Fix (NASDAQ:SFIX) CFO Sells $203,040.81 in Stock

Key Points

• CFO David Aufderhaar sold 65,709 shares on April 7 under a Rule 10b5‑1 plan for a total of $203,040.81, trimming his stake by 5.28% to 1,178,037 shares (worth about $3.64M).
• Stitch Fix beat quarterly EPS and revenue estimates but remains unprofitable (negative net margin and ROE) and analysts hold a consensus rating of "Reduce" with an average price target of $5.00.
• The stock trades around $3.12 (near its 52‑week low of $2.69), is below its 50‑day ($3.56) and 200‑day ($4.33) moving averages, and has a market cap of roughly $426M with elevated volatility (beta 2.33).

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) CFO David Aufderhaar sold 65,709 shares of the business's stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $3.09, for a total transaction of $203,040.81. Following the completion of the sale, the chief financial officer directly owned 1,178,037 shares in the company, valued at $3,640,134.33. This trade represents a 5.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Aufderhaar also recently made the following trade(s):

• On Tuesday, January 20th, David Aufderhaar sold 24,114 shares of Stitch Fix stock. The stock was sold at an average price of $5.13, for a total value of $123,704.82.

Stitch Fix Stock Performance

Shares of NASDAQ SFIX traded up $0.01 during trading on Wednesday, reaching $3.12. The stock had a trading volume of 1,773,853 shares, compared to its average volume of 2,255,736. Stitch Fix, Inc. has a fifty-two week low of $2.69 and a fifty-two week high of $5.94. The business's 50-day moving average price is $3.56 and its 200-day moving average price is $4.33. The company has a market cap of $425.95 million, a P/E ratio of -24.00 and a beta of 2.33.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. The business had revenue of $341.30 million for the quarter, compared to analysts' expectations of $334.74 million. Stitch Fix had a negative net margin of 1.89% and a negative return on equity of 12.23%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share. Analysts forecast that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. William Blair reaffirmed a "mixed" rating on shares of Stitch Fix in a research report on Friday, March 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Stitch Fix in a research note on Thursday, January 22nd. UBS Group lowered their price objective on Stitch Fix from $6.00 to $4.00 and set a "neutral" rating for the company in a research report on Tuesday, March 3rd. Wall Street Zen cut shares of Stitch Fix from a "buy" rating to a "hold" rating in a report on Saturday, January 3rd. Finally, Telsey Advisory Group reduced their target price on shares of Stitch Fix from $6.00 to $5.00 and set a "market perform" rating on the stock in a report on Thursday, March 12th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $5.00.

Hedge Funds Weigh In On Stitch Fix

Hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in Stitch Fix in the third quarter valued at approximately $32,000. Farther Finance Advisors LLC increased its stake in Stitch Fix by 52.1% in the fourth quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company's stock valued at $51,000 after purchasing an additional 3,329 shares during the last quarter. Royal Bank of Canada increased its stake in Stitch Fix by 324.6% in the fourth quarter. Royal Bank of Canada now owns 10,998 shares of the company's stock valued at $57,000 after purchasing an additional 8,408 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in Stitch Fix in the third quarter valued at approximately $50,000. Finally, Blair William & Co. IL purchased a new position in Stitch Fix in the fourth quarter valued at approximately $66,000. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

About Stitch Fix

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.

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