Katrina Lake Sells 151,150 Shares of Stitch Fix (NASDAQ:SFIX) Stock

Key Points

• Katrina Lake, Director of Stitch Fix, sold a total of 151,150 shares worth $760,284.50 on August 13th at an average price of $5.03 per share, following previous sales totaling over $3 million in July.
• Stitch Fix's stock is currently trading at $4.93, with a market cap of $643.32 million, and has fluctuated between a one-year low of $2.21 and a high of $6.99.
• Analysts have given Stitch Fix a consensus rating of "Hold", with an average price target of $5.67, as the company reported a negative net margin of 4.44% and is expected to post a negative EPS for the current fiscal year.

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) Director Katrina Lake sold 151,150 shares of Stitch Fix stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $5.03, for a total transaction of $760,284.50. The sale was disclosed in a document filed with the SEC, which is available at 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.
• On Tuesday, July 22nd, Katrina Lake sold 453,485 shares of Stitch Fix stock. The stock was sold at an average price of $5.06, for a total transaction of $2,294,634.10.

Stitch Fix Price Performance

Shares of SFIX stock traded down $0.11 during trading hours on Wednesday, reaching $5.10. The company had a trading volume of 1,351,271 shares, compared to its average volume of 1,890,699. Stitch Fix, Inc. has a 1-year low of $2.21 and a 1-year high of $6.99. The firm has a market cap of $665.50 million, a price-to-earnings ratio of -11.09 and a beta of 2.01. The company has a 50 day moving average of $4.39 and a 200 day moving average of $4.14.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The company reported ($0.06) EPS for the quarter, topping 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%.The company's revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. As a group, sell-side analysts forecast that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Stitch Fix

Institutional investors have recently added to or reduced their stakes in the stock. Wescott Financial Advisory Group LLC bought a new position in Stitch Fix during the 1st quarter worth about $32,000. First Dallas Securities Inc. acquired a new position in shares of Stitch Fix during the second quarter worth about $37,000. Ameritas Investment Partners Inc. grew its holdings in shares of Stitch Fix by 32.3% during the second quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company's stock worth $40,000 after buying an additional 2,645 shares in the last quarter. 111 Capital bought a new position in shares of Stitch Fix during the second quarter worth about $44,000. Finally, Creative Planning acquired a new stake in Stitch Fix in the 2nd quarter valued at approximately $46,000. 71.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on SFIX shares. Zacks Research raised Stitch Fix to a "hold" rating in a research note on Monday, August 11th. Telsey Advisory Group restated a "market perform" rating and set a $6.00 price objective on shares of Stitch Fix in a report on Wednesday, June 11th. William Blair upgraded shares of Stitch Fix from a "market perform" rating to an "outperform" rating in a report on Monday, July 14th. Finally, Wall Street Zen lowered shares of Stitch Fix from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.67.

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.