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.
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.
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