Stitch Fix, Inc. (NASDAQ:SFIX) Director Katrina Lake Sells 151,115 Shares

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) Director Katrina Lake sold 151,115 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $5.18, for a total value of $782,775.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, July 22nd, Katrina Lake sold 453,485 shares of Stitch Fix stock. The shares were sold at an average price of $5.06, for a total value of $2,294,634.10.

Stitch Fix Trading Up 3.3%

Shares of SFIX stock traded up $0.17 during trading hours on Monday, reaching $5.22. The company's stock had a trading volume of 412,865 shares, compared to its average volume of 2,219,314. The firm's fifty day simple moving average is $4.26 and its 200 day simple moving average is $4.14. The stock has a market capitalization of $680.51 million, a P/E ratio of -11.34 and a beta of 1.93. Stitch Fix, Inc. has a one year low of $2.21 and a one year high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.05. Stitch Fix had a negative return on equity of 18.15% and a negative net margin of 4.44%. The firm's quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.18) earnings per share. As a group, equities research analysts forecast that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on SFIX shares. Telsey Advisory Group restated a "market perform" rating and set a $6.00 target price on shares of Stitch Fix in a research note on Wednesday, June 11th. Wall Street Zen cut Stitch Fix from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, William Blair upgraded Stitch Fix from a "market perform" rating to an "outperform" rating in a report on Monday, July 14th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $5.67.

Institutional Trading of Stitch Fix

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Stitch Fix by 7.9% in the first quarter. Vanguard Group Inc. now owns 6,982,536 shares of the company's stock valued at $22,693,000 after acquiring an additional 513,422 shares during the last quarter. Cooper Creek Partners Management LLC increased its position in shares of Stitch Fix by 1,405.2% during the fourth quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company's stock worth $18,418,000 after acquiring an additional 3,989,362 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Stitch Fix by 6.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,635,207 shares of the company's stock valued at $8,564,000 after buying an additional 170,344 shares during the last quarter. Geode Capital Management LLC increased its holdings in Stitch Fix by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 2,459,014 shares of the company's stock valued at $10,601,000 after buying an additional 164,089 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in Stitch Fix by 14.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,985,413 shares of the company's stock valued at $8,557,000 after buying an additional 255,508 shares during the last quarter. Institutional investors and hedge funds own 71.04% of the company's stock.

About Stitch Fix

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.