Stitch Fix (NASDAQ:SFIX) Stock Price Down 6.1% – Time to Sell?

Stitch Fix, Inc. (NASDAQ:SFIX) shares traded down 6.1% on Wednesday . The company traded as low as $5.26 and last traded at $5.2950. 328,362 shares traded hands during trading, a decline of 84% from the average session volume of 2,108,296 shares. The stock had previously closed at $5.64.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SFIX shares. Wall Street Zen lowered Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 target price on shares of Stitch Fix in a research report on Monday, December 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Stitch Fix in a research note on Thursday, January 22nd. Finally, Zacks Research lowered shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Stitch Fix Stock Down 7.2%

The company’s 50-day moving average is $5.01 and its two-hundred day moving average is $4.86. The company has a market cap of $702.54 million, a P/E ratio of -32.72 and a beta of 2.10.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Thursday, December 4th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). Stitch Fix had a negative return on equity of 14.38% and a negative net margin of 2.23%.The business had revenue of $342.13 million during the quarter, compared to analyst estimates of $335.74 million. During the same period in the prior year, the company earned ($0.03) earnings per share. Stitch Fix’s revenue was up 7.3% compared to the same quarter last year. On average, analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Insider Transactions at Stitch Fix

In other news, Director Katrina Lake sold 303,450 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $5.19, for a total transaction of $1,574,905.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Aufderhaar sold 24,114 shares of the company’s stock in a transaction 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 approximately $6,422,052.06. The trade was a 1.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 466,316 shares of company stock valued at $2,424,491 over the last three months. Company insiders own 16.09% of the company’s stock.

Institutional Investors Weigh In On Stitch Fix

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in Stitch Fix in the 3rd quarter worth approximately $32,000. Farther Finance Advisors LLC raised its holdings in Stitch Fix by 52.1% during the 4th quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company’s stock valued at $51,000 after buying an additional 3,329 shares during the last quarter. First Dallas Securities Inc. purchased a new stake in Stitch Fix during the 2nd quarter valued at $37,000. Ameritas Investment Partners Inc. grew its holdings in Stitch Fix by 32.3% in the 2nd 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 during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Stitch Fix in the third quarter valued at about $50,000. 71.04% of the stock is 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.