Stitch Fix Inc (NASDAQ:SFIX) CEO Katrina Lake sold 100,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $23.82, for a total value of $2,382,000.00.
Katrina Lake also recently made the following trade(s):
- On Wednesday, September 18th, Katrina Lake sold 100,000 shares of Stitch Fix stock. The shares were sold at an average price of $20.98, for a total value of $2,098,000.00.
- On Wednesday, August 21st, Katrina Lake sold 100,000 shares of Stitch Fix stock. The shares were sold at an average price of $20.55, for a total value of $2,055,000.00.
Stitch Fix stock opened at $23.77 on Tuesday. The stock’s 50 day simple moving average is $20.81 and its two-hundred day simple moving average is $24.37. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 66.03, a PEG ratio of 28.20 and a beta of 3.33. Stitch Fix Inc has a fifty-two week low of $16.05 and a fifty-two week high of $37.72.
Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Tuesday, October 1st. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Stitch Fix had a return on equity of 10.11% and a net margin of 2.34%. The firm had revenue of $432.10 million for the quarter, compared to analysts’ expectations of $432.44 million. During the same period in the previous year, the firm posted $0.18 EPS. The business’s revenue for the quarter was up 35.8% compared to the same quarter last year. As a group, equities analysts forecast that Stitch Fix Inc will post 0.03 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Captrust Financial Advisors boosted its position in shares of Stitch Fix by 392.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,230 shares of the company’s stock worth $39,000 after purchasing an additional 980 shares in the last quarter. Bell Rock Capital LLC bought a new stake in shares of Stitch Fix in the 2nd quarter worth approximately $51,000. Valeo Financial Advisors LLC boosted its position in shares of Stitch Fix by 27.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 2,749 shares of the company’s stock worth $53,000 after purchasing an additional 590 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of Stitch Fix by 52.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,820 shares of the company’s stock worth $54,000 after purchasing an additional 975 shares in the last quarter. Finally, Griffin Asset Management Inc. bought a new stake in shares of Stitch Fix in the 2nd quarter worth approximately $63,000. 39.10% of the stock is currently owned by hedge funds and other institutional investors.
SFIX has been the topic of several research reports. Piper Jaffray Companies cut their price objective on Stitch Fix from $28.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Wells Fargo & Co cut their price objective on Stitch Fix from $30.00 to $20.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 2nd. TheStreet cut Stitch Fix from a “c-” rating to a “d” rating in a research report on Thursday, August 22nd. Robert W. Baird initiated coverage on Stitch Fix in a research report on Tuesday, October 15th. They set an “outperform” rating and a $28.00 price objective on the stock. Finally, Barclays cut their price objective on Stitch Fix from $32.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Stitch Fix currently has an average rating of “Hold” and a consensus target price of $28.67.
About Stitch Fix
Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc in October 2011.
Featured Article: What Factors Can Affect Return on Equity?
Receive News & Ratings for Stitch Fix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stitch Fix and related companies with MarketBeat.com's FREE daily email newsletter.