Stitch Fix Inc (SFIX) Major Shareholder Sells $2,271,543.60 in Stock

Stitch Fix Inc (NASDAQ:SFIX) major shareholder Bruce Dunlevie sold 83,390 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $27.24, for a total transaction of $2,271,543.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Bruce Dunlevie also recently made the following trade(s):

  • On Monday, March 18th, Bruce Dunlevie sold 63,444 shares of Stitch Fix stock. The stock was sold at an average price of $32.00, for a total transaction of $2,030,208.00.

Shares of Stitch Fix stock traded down $0.78 on Friday, reaching $24.40. 1,803,875 shares of the company traded hands, compared to its average volume of 1,495,241. Stitch Fix Inc has a 52 week low of $16.05 and a 52 week high of $52.44. The company has a market capitalization of $2.44 billion, a P/E ratio of 62.56, a P/E/G ratio of 4.96 and a beta of 3.33.

Stitch Fix (NASDAQ:SFIX) last released its earnings results on Monday, March 11th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.07. Stitch Fix had a net margin of 3.67% and a return on equity of 15.47%. The firm had revenue of $370.28 million during the quarter, compared to the consensus estimate of $365.28 million. As a group, research analysts expect that Stitch Fix Inc will post 0.22 earnings per share for the current fiscal year.

SFIX has been the subject of a number of recent analyst reports. Wells Fargo & Co upped their price objective on shares of Stitch Fix from $22.00 to $30.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. Zacks Investment Research raised shares of Stitch Fix from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Thursday, March 14th. Piper Jaffray Companies upped their price objective on shares of Stitch Fix from $20.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. KeyCorp upped their price objective on shares of Stitch Fix from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 12th. Finally, Stifel Nicolaus upped their price objective on shares of Stitch Fix from $28.00 to $34.00 in a research report on Wednesday, March 13th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $37.00.

Several institutional investors have recently added to or reduced their stakes in SFIX. Baillie Gifford & Co. lifted its stake in shares of Stitch Fix by 48.0% during the 4th quarter. Baillie Gifford & Co. now owns 3,600,131 shares of the company’s stock valued at $61,526,000 after buying an additional 1,167,506 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Stitch Fix by 46.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,013,293 shares of the company’s stock valued at $88,122,000 after buying an additional 642,540 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of Stitch Fix by 46.9% during the 3rd quarter. Vanguard Group Inc now owns 2,013,293 shares of the company’s stock valued at $88,122,000 after buying an additional 642,540 shares in the last quarter. Park West Asset Management LLC purchased a new stake in shares of Stitch Fix during the 4th quarter valued at approximately $30,016,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Stitch Fix during the 3rd quarter valued at approximately $49,972,000. 28.29% of the stock is owned by hedge funds and other institutional investors.

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Stitch Fix Company Profile

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.

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