Stitch Fix Inc (NASDAQ:SFIX) CEO Katrina Lake Sells 100,000 Shares

Stitch Fix Inc (NASDAQ:SFIX) CEO Katrina Lake sold 100,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $20.55, for a total transaction of $2,055,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, July 17th, Katrina Lake sold 100,000 shares of Stitch Fix stock. The stock was sold at an average price of $28.26, for a total transaction of $2,826,000.00.
  • On Wednesday, June 19th, Katrina Lake sold 100,000 shares of Stitch Fix stock. The stock was sold at an average price of $30.41, for a total transaction of $3,041,000.00.

Shares of Stitch Fix stock traded down $0.71 during trading on Thursday, hitting $19.42. 62,424 shares of the stock were exchanged, compared to its average volume of 2,491,911. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 49.91, a price-to-earnings-growth ratio of 3.40 and a beta of 3.20. The firm’s 50-day moving average price is $25.82 and its 200 day moving average price is $26.59. Stitch Fix Inc has a 12-month low of $16.05 and a 12-month high of $52.44.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.10. Stitch Fix had a net margin of 3.27% and a return on equity of 13.77%. The business had revenue of $409.00 million during the quarter, compared to analysts’ expectations of $395.06 million. During the same period in the previous year, the company earned $0.09 EPS. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. On average, equities analysts forecast that Stitch Fix Inc will post 0.32 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Luxor Capital Group LP acquired a new position in shares of Stitch Fix during the second quarter worth about $7,328,000. Griffin Asset Management Inc. acquired a new position in shares of Stitch Fix during the second quarter worth about $63,000. Steadfast Capital Management LP increased its stake in shares of Stitch Fix by 16.3% during the second quarter. Steadfast Capital Management LP now owns 2,234,029 shares of the company’s stock worth $71,467,000 after acquiring an additional 313,296 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Stitch Fix by 14.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 41,621 shares of the company’s stock worth $1,307,000 after acquiring an additional 5,154 shares during the period. Finally, Eaton Vance Management acquired a new position in shares of Stitch Fix during the second quarter worth about $1,329,000. 33.30% of the stock is owned by hedge funds and other institutional investors.

SFIX has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Stitch Fix from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. SunTrust Banks lifted their price objective on shares of Stitch Fix from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Stifel Nicolaus raised shares of Stitch Fix from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Monday, July 22nd. Finally, Royal Bank of Canada decreased their price objective on shares of Stitch Fix from $52.00 to $43.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Stitch Fix currently has an average rating of “Hold” and a consensus target price of $35.50.

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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Insider Buying and Selling by Quarter for Stitch Fix (NASDAQ:SFIX)

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