Stitch Fix (NASDAQ:SFIX) CFO David Aufderhaar Sells 24,114 Shares of Stock

Stitch Fix, Inc. (NASDAQ:SFIX) CFO David Aufderhaar sold 24,114 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $5.13, for a total transaction of $123,704.82. Following the completion of the transaction, the chief financial officer directly owned 1,251,862 shares in the company, valued at $6,422,052.06. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stitch Fix Stock Performance

NASDAQ:SFIX opened at $5.22 on Friday. Stitch Fix, Inc. has a one year low of $2.60 and a one year high of $5.94. The stock has a market cap of $700.52 million, a PE ratio of -32.63 and a beta of 2.10. The stock has a 50 day moving average price of $4.94 and a 200 day moving average price of $4.82.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Thursday, December 4th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). Stitch Fix had a negative return on equity of 14.38% and a negative net margin of 2.23%.The company had revenue of $342.13 million for the quarter, compared to analyst estimates of $335.74 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, analysts predict that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SFIX shares. Zacks Research lowered shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Stitch Fix in a report on Wednesday, October 8th. Sanford C. Bernstein reissued a “market perform” rating and issued a $6.00 price target on shares of Stitch Fix in a research note on Thursday, September 25th. Wall Street Zen lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 target price on shares of Stitch Fix in a report on Monday, December 1st. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new stake in Stitch Fix during the 3rd quarter worth approximately $32,000. First Dallas Securities Inc. purchased a new position in Stitch Fix in the 2nd quarter valued at approximately $37,000. Ameritas Investment Partners Inc. grew its stake in shares of Stitch Fix by 32.3% in the second quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock worth $40,000 after acquiring an additional 2,645 shares in the last quarter. 111 Capital purchased a new stake in shares of Stitch Fix during the second quarter worth $44,000. Finally, Creative Planning acquired a new stake in shares of Stitch Fix in the second quarter valued at $46,000. Institutional investors and hedge funds own 71.04% of the company’s stock.

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.