Stitch Fix, Inc. (NASDAQ:SFIX) Insider Sells $152,000.00 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) insider Casey O'connor sold 50,000 shares of the business's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $3.04, for a total transaction of $152,000.00. Following the completion of the sale, the insider now directly owns 575,755 shares in the company, valued at approximately $1,750,295.20. This represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Stitch Fix Trading Up 2.5 %

NASDAQ SFIX traded up $0.08 during trading hours on Friday, hitting $3.06. 1,405,149 shares of the company's stock were exchanged, compared to its average volume of 2,455,580. Stitch Fix, Inc. has a 1-year low of $2.06 and a 1-year high of $6.99. The stock has a 50-day simple moving average of $3.92 and a 200 day simple moving average of $4.04. The firm has a market cap of $393.47 million, a price-to-earnings ratio of -3.68 and a beta of 2.03.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06. The company had revenue of $312.11 million during the quarter, compared to analyst estimates of $298.04 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. Stitch Fix's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.29) EPS. On average, sell-side analysts anticipate that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group restated a "market perform" rating and set a $6.00 price objective on shares of Stitch Fix in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $4.50.

Hedge Funds Weigh In On Stitch Fix

A number of institutional investors and hedge funds have recently made changes to their positions in SFIX. Cooper Creek Partners Management LLC raised its stake in Stitch Fix by 1,405.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company's stock worth $18,418,000 after buying an additional 3,989,362 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Stitch Fix by 142.9% during 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 period. Norges Bank acquired a new position in shares of Stitch Fix during the fourth quarter worth approximately $3,183,000. Two Sigma Investments LP lifted its holdings in shares of Stitch Fix by 300.4% in the 4th 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 in the last quarter. Finally, Vanguard Group Inc. grew its position in Stitch Fix by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company's stock valued at $27,882,000 after purchasing an additional 457,568 shares during the period. Institutional investors own 71.04% of the company's stock.

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.