Insider Selling: Stitch Fix Inc (SFIX) CEO Sells 100,000 Shares of Stock

Stitch Fix Inc (NASDAQ:SFIX) CEO Katrina Lake sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $26.18, for a total value of $2,618,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Katrina Lake also recently made the following trade(s):

  • On Wednesday, March 20th, Katrina Lake sold 100,000 shares of Stitch Fix stock. The stock was sold at an average price of $30.71, for a total value of $3,071,000.00.
  • On Thursday, February 21st, Katrina Lake sold 100,000 shares of Stitch Fix stock. The shares were sold at an average price of $25.87, for a total value of $2,587,000.00.
  • On Thursday, January 24th, Katrina Lake sold 100,000 shares of Stitch Fix stock. The shares were sold at an average price of $21.93, for a total value of $2,193,000.00.

Shares of SFIX opened at $26.29 on Friday. The stock has a market cap of $2.59 billion, a PE ratio of 67.41, a P/E/G ratio of 5.63 and a beta of 3.10. Stitch Fix Inc has a 52 week low of $16.05 and a 52 week high of $52.44.

Stitch Fix (NASDAQ:SFIX) last posted 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. The business had revenue of $370.28 million for the quarter, compared to analysts’ expectations of $365.28 million. Stitch Fix had a net margin of 3.67% and a return on equity of 15.47%. Sell-side analysts forecast that Stitch Fix Inc will post 0.22 EPS for the current fiscal year.

SFIX has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on shares of Stitch Fix from $28.00 to $34.00 in a report on Wednesday, March 13th. Zacks Investment Research upgraded shares of Stitch Fix from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Thursday, March 14th. SunTrust Banks upped their price objective on shares of Stitch Fix to $43.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. TheStreet cut shares of Stitch Fix from a “c-” rating to a “d+” rating in a report on Monday. Finally, Barclays upped their price objective on shares of Stitch Fix to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 13th. Seven investment 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 price target of $37.00.

Institutional investors have recently modified their holdings of the business. Advisor Group Inc. grew its position in Stitch Fix by 102.9% during the first quarter. Advisor Group Inc. now owns 19,362 shares of the company’s stock valued at $547,000 after buying an additional 9,821 shares during the period. BlackRock Inc. grew its position in Stitch Fix by 3.1% during the first quarter. BlackRock Inc. now owns 393,559 shares of the company’s stock valued at $11,111,000 after buying an additional 11,807 shares during the period. First Trust Advisors LP grew its position in Stitch Fix by 25.4% during the first quarter. First Trust Advisors LP now owns 104,279 shares of the company’s stock valued at $2,944,000 after buying an additional 21,153 shares during the period. National Asset Management Inc. bought a new position in Stitch Fix during the first quarter valued at about $201,000. Finally, Laurion Capital Management LP bought a new position in Stitch Fix during the first quarter valued at about $1,200,000. 28.21% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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