Stitch Fix, Inc. (NASDAQ:SFIX) CEO Sells $11,858,975.88 in Stock

Last updated on Tuesday, June 22, 2021 | 2021 MarketBeat

Stitch Fix, Inc. (NASDAQ:SFIX) CEO Katrina Lake sold 198,876 shares of the company's stock in a transaction dated Friday, June 18th. The stock was sold at an average price of $59.63, for a total transaction of $11,858,975.88.

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

  • On Wednesday, May 19th, Katrina Lake sold 33,360 shares of Stitch Fix stock. The stock was sold at an average price of $43.58, for a total transaction of $1,453,828.80.
  • On Monday, May 17th, Katrina Lake sold 33,358 shares of Stitch Fix stock. The shares were sold at an average price of $42.77, for a total transaction of $1,426,721.66.
  • On Thursday, April 22nd, Katrina Lake sold 33,360 shares of Stitch Fix stock. The shares were sold at an average price of $43.16, for a total transaction of $1,439,817.60.
  • On Tuesday, April 20th, Katrina Lake sold 33,358 shares of Stitch Fix stock. The shares were sold at an average price of $44.54, for a total value of $1,485,765.32.

Shares of Stitch Fix stock traded up $1.55 during trading hours on Tuesday, hitting $62.90. 1,197,440 shares of the company's stock traded hands, compared to its average volume of 2,561,454. Stitch Fix, Inc. has a twelve month low of $21.60 and a twelve month high of $113.76. The stock has a 50 day moving average of $50.06. The stock has a market cap of $6.74 billion, a P/E ratio of -86.16 and a beta of 2.02.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Sunday, June 6th. The company reported ($0.18) EPS for the quarter, topping analysts' consensus estimates of ($0.27) by $0.09. Stitch Fix had a negative net margin of 3.79% and a negative return on equity of 17.68%. As a group, research analysts predict that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Stitch Fix from $60.00 to $70.00 and gave the stock a "neutral" rating in a report on Tuesday, June 8th. Telsey Advisory Group increased their price target on Stitch Fix from $54.00 to $84.00 and gave the stock an "outperform" rating in a research note on Thursday, March 4th. TheStreet cut Stitch Fix from a "c" rating to a "d+" rating in a report on Monday, March 8th. MKM Partners upped their price objective on Stitch Fix from $29.00 to $45.00 and gave the company a "sell" rating in a research report on Tuesday, June 8th. Finally, Truist increased their target price on Stitch Fix from $60.00 to $77.00 and gave the stock a "buy" rating in a research note on Tuesday, June 8th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of "Hold" and an average target price of $88.30.

A number of hedge funds have recently bought and sold shares of the stock. Salem Investment Counselors Inc. bought a new position in shares of Stitch Fix in the fourth quarter valued at $44,000. Burleson & Company LLC acquired a new stake in shares of Stitch Fix during the first quarter worth $50,000. Invictus RG purchased a new stake in shares of Stitch Fix during the fourth quarter valued at $58,000. International Assets Investment Management LLC boosted its position in shares of Stitch Fix by 144.4% in the 1st quarter. International Assets Investment Management LLC now owns 2,285 shares of the company's stock valued at $122,000 after purchasing an additional 1,350 shares during the period. Finally, Truvestments Capital LLC purchased a new position in Stitch Fix in the 4th quarter worth about $126,000. 54.58% 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 application 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.

See Also: What is a Futures Contract?

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: How is the LIBOR rate calculated?


7 Hotel Stocks Just Waiting For the Vaccine

Like any group of stocks related to travel and tourism, hotel stocks saw a steep drop in share prices in 2020. The leisure and hospitality sector that once had 15 million employees has lost 4 million jobs since February.

Many major cities will be feeling the ripple effects of the Covid-19 pandemic for years. However, there is ample evidence that shows the pandemic may be coming to an end. The number of new cases is dropping. The number of those getting vaccinated is rising. And even in the cities with the most restrictive mitigation measures, the slow process of reopening is beginning.

All of this can’t come fast enough for individuals who rely on the travel and tourism industry for their livelihood. Hotel chains had at least some revenue coming in the door. And when earnings season concludes, the more budget-friendly hotel chains may realize revenue that is 75% of its 2019 numbers. But that is not enough to bring the hotels to anywhere near full employment. Particularly with hotels that have bars and restaurants that have remained closed or open at limited capacity.

Many economists are optimistic that travel may begin to look more normal by the summer of this year. And the global economy may deliver 6.4% GDP growth this year. With that in mind, the hotel chains with the best fundamentals and the broadest footprint will be in the best position as the economy reopens.

View the "7 Hotel Stocks Just Waiting For the Vaccine".


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.