Insider Selling: Stitch Fix Inc (NASDAQ:SFIX) Director Sells 23,125 Shares of Stock

Stitch Fix Inc (NASDAQ:SFIX) Director Marka Hansen sold 23,125 shares of Stitch Fix stock in a transaction on Friday, July 5th. The stock was sold at an average price of $30.52, for a total value of $705,775.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

SFIX stock opened at $28.12 on Friday. The firm has a market capitalization of $2.94 billion, a P/E ratio of 72.10, a PEG ratio of 4.27 and a beta of 3.25. The company has a 50-day moving average of $28.35. 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 quarterly earnings results on Wednesday, June 5th. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.10. The business had revenue of $409.00 million during the quarter, compared to the consensus estimate of $395.06 million. Stitch Fix had a return on equity of 13.77% and a net margin of 3.27%. Stitch Fix’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. As a group, analysts predict that Stitch Fix Inc will post 0.32 EPS for the current fiscal year.



A number of research firms have recently weighed in on SFIX. JPMorgan Chase & Co. set a €49.00 ($56.98) target price on Deutsche Wohnen and gave the stock a “buy” rating in a report on Thursday, June 6th. Royal Bank of Canada dropped their target price on Stitch Fix from $52.00 to $43.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Zacks Investment Research downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, June 8th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of ACADIA Pharmaceuticals in a report on Monday, July 1st. Finally, TheStreet raised Stitch Fix from a “d” rating to a “c-” rating in a report on Wednesday, June 26th. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $35.11.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Stitch Fix by 54.7% in the fourth quarter. BlackRock Inc. now owns 381,752 shares of the company’s stock valued at $6,525,000 after purchasing an additional 134,984 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in Stitch Fix in the fourth quarter valued at about $3,849,000. Paloma Partners Management Co acquired a new position in Stitch Fix in the fourth quarter valued at about $171,000. Voloridge Investment Management LLC acquired a new position in Stitch Fix in the fourth quarter valued at about $3,216,000. Finally, Geode Capital Management LLC raised its stake in Stitch Fix by 51.2% in the fourth quarter. Geode Capital Management LLC now owns 153,179 shares of the company’s stock valued at $2,617,000 after purchasing an additional 51,888 shares in the last quarter. 29.24% of the stock is owned by institutional investors and hedge funds.

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.

See Also: NASDAQ

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

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.