Stitch Fix’s chief legal officer sells $152,025 in stock

Casey O’Connor, the Chief Legal Officer of Stitch Fix , Inc. (NASDAQ:SFIX), has recently sold 50,000 shares of the company’s Class A common stock. The transaction, valued at approximately $152,025, took place on April 14, 2025, at a weighted average price of $3.0405 per share. The sale comes as Stitch Fix, currently valued at $392 million, trades near $3.07, with InvestingPro analysis indicating the stock is trading below its Fair Value. The sales were executed under a Rule 10b5-1 plan that O’Connor had entered into earlier this year on January 9.

Following this transaction, O’Connor retains ownership of 575,755 shares in the company. The shares were sold in multiple transactions with prices ranging from $2.97 to $3.12 per share. The legal officer has committed to providing detailed information regarding the number of shares sold at each price upon request.

In other recent news, Stitch Fix reported stronger-than-expected earnings for the second quarter of fiscal year 2025, with an earnings per share (EPS) of -$0.05, surpassing the forecasted -$0.17. The company achieved revenue of $312.1 million, exceeding the anticipated $297.3 million. Following these results, Stitch Fix raised its full-year revenue guidance to between $1,225 million and $1,240 million. Despite these positive financial outcomes, the company experienced a 16% year-over-year decline in active clients. Analysts from Bernstein maintained a Market Perform rating with a $5 price target, citing the company’s improved margins and key performance indicators, though they expressed concerns about long-term growth due to market competition. Mizuho (NYSE:MFG) Securities reiterated an Underperform rating with a $3 price target, acknowledging sequential improvements but emphasizing challenges in the company’s turnaround strategy. Stitch Fix’s management highlighted successful initiatives in its men’s category and freestyle segment, contributing to the company’s improved performance amidst a challenging retail environment.

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