Stitch Fix, Inc. (NASDAQ:SFIX) Director Sells $760,284.50 in 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 the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $5.03, for a total value of $760,284.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, July 23rd, Katrina Lake sold 151,115 shares of Stitch Fix stock. The stock was sold at an average price of $5.18, for a total value of $782,775.70.
• 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 Stock Up 1.2%

SFIX stock traded up $0.06 during midday trading on Friday, hitting $4.93. The company's stock had a trading volume of 1,450,592 shares, compared to its average volume of 2,192,779. The stock has a market cap of $643.32 million, a price-to-earnings ratio of -10.72 and a beta of 2.01. The stock's 50-day moving average price is $4.36 and its 200 day moving average price is $4.13. Stitch Fix, Inc. has a 1 year low of $2.21 and a 1 year high of $6.99.

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

Institutional Investors Weigh In On Stitch Fix

A number of hedge funds have recently made changes to their positions in SFIX. Focus Partners Wealth bought a new position in shares of Stitch Fix during the fourth quarter valued at $1,183,000. Geode Capital Management LLC lifted its stake in shares of Stitch Fix by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 2,459,014 shares of the company's stock worth $10,601,000 after purchasing an additional 164,089 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Stitch Fix during the fourth quarter worth about $661,000. Point72 Asset Management L.P. acquired a new stake in shares of Stitch Fix in the fourth quarter worth approximately $353,000. Finally, Nuveen Asset Management LLC raised its position 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 purchasing an additional 255,508 shares during the period. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Stitch Fix from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. William Blair upgraded shares of Stitch Fix from a "market perform" rating to an "outperform" rating in a report on Monday, July 14th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $6.00 target price on shares of Stitch Fix in a report on Wednesday, June 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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.

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