Katrina Lake Sells 725,002 Shares of Stitch Fix, Inc. (NASDAQ:SFIX) Stock

Stitch Fix, Inc. (NASDAQ:SFIX) Director Katrina Lake sold 725,002 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $5.78, for a total transaction of $4,190,511.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Stitch Fix Trading Down 15.7 %

NASDAQ SFIX opened at $3.92 on Friday. The firm’s fifty day moving average price is $3.72 and its two-hundred day moving average price is $3.73. Stitch Fix, Inc. has a 1 year low of $2.06 and a 1 year high of $6.99. The firm has a market capitalization of $497.20 million, a P/E ratio of -4.72 and a beta of 1.99.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The business had revenue of $318.82 million during the quarter, compared to the consensus estimate of $306.88 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.21%. Stitch Fix’s revenue was down 12.6% on a year-over-year basis. During the same period last year, the business posted ($0.30) EPS. On average, research analysts anticipate that Stitch Fix, Inc. will post -0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Stitch Fix

A number of large investors have recently added to or reduced their stakes in SFIX. Franklin Resources Inc. increased its holdings in shares of Stitch Fix by 68.0% in the third quarter. Franklin Resources Inc. now owns 144,261 shares of the company’s stock valued at $391,000 after purchasing an additional 58,412 shares during the last quarter. Virtu Financial LLC acquired a new position in Stitch Fix in the 3rd quarter valued at about $196,000. Barclays PLC raised its holdings in Stitch Fix by 30.7% in the 3rd quarter. Barclays PLC now owns 168,953 shares of the company’s stock valued at $475,000 after acquiring an additional 39,713 shares during the period. Geode Capital Management LLC raised its holdings in Stitch Fix by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,294,925 shares of the company’s stock valued at $6,473,000 after acquiring an additional 83,220 shares during the period. Finally, Disciplined Growth Investors Inc. MN lifted its position in Stitch Fix by 48.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock worth $38,731,000 after acquiring an additional 4,460,668 shares during the last quarter. Institutional investors own 71.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on SFIX shares. Canaccord Genuity Group boosted their price target on Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a report on Wednesday. UBS Group boosted their target price on Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, Telsey Advisory Group raised their price target on shares of Stitch Fix from $4.00 to $6.00 and gave the stock a “market perform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $3.96.

Stitch Fix Company Profile

Stitch Fix, Inc sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc.