David Aufderhaar Sells 67,960 Shares of Stitch Fix (NASDAQ:SFIX) Stock

Stitch Fix, Inc. (NASDAQ:SFIX) CFO David Aufderhaar sold 67,960 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $3.79, for a total value of $257,568.40. Following the transaction, the chief financial officer directly owned 1,102,369 shares of the company’s stock, valued at approximately $4,177,978.51. The trade was a 5.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stitch Fix Price Performance

Shares of Stitch Fix stock opened at $3.52 on Friday. Stitch Fix, Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $5.94. The firm has a market capitalization of $469.67 million, a P/E ratio of -44.00 and a beta of 2.26. The company’s 50 day moving average price is $3.69 and its two-hundred day moving average price is $3.94.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Wednesday, June 10th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.05. Stitch Fix had a negative return on equity of 9.35% and a negative net margin of 1.43%.The company had revenue of $340.28 million for the quarter, compared to the consensus estimate of $333.51 million. During the same quarter last year, the business posted ($0.06) EPS. Stitch Fix’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts expect that Stitch Fix, Inc. will post -0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SFIX. Northland Securities initiated coverage on Stitch Fix in a research report on Thursday, May 28th. They set an “outperform” rating and a $5.00 price objective for the company. Wall Street Zen cut shares of Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Telsey Advisory Group reduced their price target on shares of Stitch Fix from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, March 12th. Weiss Ratings downgraded Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 12th. Finally, UBS Group upped their target price on shares of Stitch Fix from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.12.

Institutional Investors Weigh In On Stitch Fix

Large investors have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Stitch Fix in the second quarter worth about $48,000. Caerus Investment Advisors LLC bought a new position in Stitch Fix in the 1st quarter worth about $36,000. Glenmede Trust Co. NA purchased a new stake in Stitch Fix in the first quarter valued at approximately $166,000. Royal Bank of Canada raised its position in shares of Stitch Fix by 984.1% during the 1st quarter. Royal Bank of Canada now owns 119,230 shares of the company’s stock valued at $394,000 after buying an additional 108,232 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Stitch Fix by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,418,196 shares of the company’s stock valued at $8,004,000 after purchasing an additional 142,909 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Stitch Fix Company Profile

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.