Katrina Lake Sells 453,485 Shares of Stitch Fix, Inc. (NASDAQ:SFIX) Stock

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) Director Katrina Lake sold 453,485 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $5.06, for a total transaction of $2,294,634.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, July 23rd, Katrina Lake sold 151,115 shares of Stitch Fix stock. The shares were sold at an average price of $5.18, for a total transaction of $782,775.70.

Stitch Fix Stock Performance

SFIX traded up $0.17 on Monday, hitting $5.22. The company had a trading volume of 412,865 shares, compared to its average volume of 2,219,314. The stock has a fifty day moving average price of $4.26 and a 200-day moving average price of $4.14. Stitch Fix, Inc. has a 12-month low of $2.21 and a 12-month high of $6.99. The stock has a market capitalization of $680.51 million, a price-to-earnings ratio of -11.34 and a beta of 1.93.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its earnings results on Wednesday, June 11th. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates 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%. During the same period last year, the company earned ($0.18) EPS. The company's revenue was up .7% compared to the same quarter last year. Analysts forecast that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented 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 report on Wednesday, June 11th. Wall Street Zen downgraded Stitch Fix from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, William Blair upgraded Stitch Fix from a "market perform" rating to an "outperform" rating in a research note on Monday, July 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $5.67.

Institutional Trading of Stitch Fix

Several large investors have recently made changes to their positions in the company. Wescott Financial Advisory Group LLC purchased a new position in shares of Stitch Fix in the 1st quarter valued at about $32,000. 111 Capital purchased a new stake in shares of Stitch Fix during the 2nd quarter worth $44,000. Polymer Capital Management US LLC purchased a new stake in shares of Stitch Fix in the 4th quarter worth about $82,000. Wealth Enhancement Advisory Services LLC grew its holdings in Stitch Fix by 96.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,786 shares of the company's stock valued at $107,000 after buying an additional 12,177 shares during the last quarter. Finally, Martingale Asset Management L P purchased a new stake in shares of Stitch Fix during the first quarter worth about $85,000. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

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.