Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) gapped down before the market opened on Wednesday after an insider sold shares in the company. The stock had previously closed at $4.79, but opened at $4.56. Stitch Fix shares last traded at $4.43, with a volume of 3,673,537 shares changing hands.
Specifically, major shareholder Working Capital Advisors (Uk) sold 1,370,931 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $4.68, for a total transaction of $6,415,957.08. Following the sale, the insider now directly owns 10,608,822 shares in the company, valued at approximately $49,649,286.96. The trade was a 11.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Wall Street Analysts Forecast Growth
Separately, Telsey Advisory Group reiterated a "market perform" rating and set a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday.
Read Our Latest Stock Report on SFIX
Stitch Fix Price Performance
The company has a fifty day moving average price of $3.79 and a two-hundred day moving average price of $4.20. The firm has a market cap of $510.04 million, a price-to-earnings ratio of -4.77 and a beta of 2.00.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its quarterly 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 7.71% and a negative return on equity of 32.71%. During the same period in the previous year, the firm earned ($0.18) EPS. The company's revenue for the quarter was up .7% compared to the same quarter last year. On average, research analysts expect that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.
Institutional Trading of Stitch Fix
A number of large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in shares of Stitch Fix during the 4th quarter valued at $29,000. Wescott Financial Advisory Group LLC purchased a new stake in shares of Stitch Fix during the first quarter valued at $32,000. Bellecapital International Ltd. purchased a new stake in shares of Stitch Fix during the fourth quarter valued at $55,000. Savant Capital LLC acquired a new position in shares of Stitch Fix in the 4th quarter valued at $79,000. Finally, Polymer Capital Management US LLC purchased a new position in Stitch Fix in the 4th quarter worth about $82,000. 71.04% of the stock is currently owned by institutional investors.
About Stitch Fix
(
Get Free Report)
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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