Stitch Fix, Inc. (NASDAQ:SFIX) Director Marka Hansen sold 10,000 shares of the business’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $48.70, for a total transaction of $487,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $487,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Marka Hansen also recently made the following trade(s):
- On Wednesday, March 10th, Marka Hansen sold 10,000 shares of Stitch Fix stock. The stock was sold at an average price of $50.08, for a total transaction of $500,800.00.
Shares of SFIX stock opened at $51.07 on Thursday. The stock’s 50-day moving average is $61.22 and its 200 day moving average is $54.64. Stitch Fix, Inc. has a 1-year low of $13.20 and a 1-year high of $113.76. The company has a market cap of $5.43 billion, a P/E ratio of -89.60 and a beta of 2.46.
Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Sunday, March 7th. The company reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.02. Stitch Fix had a negative net margin of 3.27% and a negative return on equity of 13.58%. The business had revenue of $504.10 million during the quarter, compared to analyst estimates of $512.17 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. On average, sell-side analysts predict that Stitch Fix, Inc. will post -0.25 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Concorde Asset Management LLC acquired a new position in shares of Stitch Fix during the fourth quarter worth $1,593,000. Radnor Capital Management LLC acquired a new position in Stitch Fix during the 4th quarter valued at about $435,000. New York State Common Retirement Fund raised its stake in Stitch Fix by 5.8% in the fourth quarter. New York State Common Retirement Fund now owns 54,500 shares of the company’s stock valued at $3,200,000 after buying an additional 3,000 shares during the last quarter. Kovack Advisors Inc. acquired a new stake in Stitch Fix in the fourth quarter worth about $262,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Stitch Fix during the fourth quarter worth about $55,000. Institutional investors own 55.51% of the company’s stock.
A number of analysts recently weighed in on SFIX shares. Robert W. Baird lowered shares of Stitch Fix from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $60.00 to $85.00 in a research report on Friday, January 29th. They noted that the move was a valuation call. Truist increased their price target on Stitch Fix from $52.00 to $60.00 in a report on Tuesday, March 9th. Needham & Company LLC boosted their price objective on Stitch Fix from $55.00 to $60.00 and gave the company a “buy” rating in a report on Monday, March 15th. Telsey Advisory Group increased their target price on Stitch Fix from $54.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, March 4th. Finally, Stifel Nicolaus cut shares of Stitch Fix from a “buy” rating to a “hold” rating and upped their price target for the stock from $64.00 to $83.00 in a report on Monday, February 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $74.61.
Stitch Fix Company Profile
Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile application 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.
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