Katrina Lake Sells 725,002 Shares of Stitch Fix, Inc. (NASDAQ:SFIX) Stock

Stitch Fix, Inc. (NASDAQ:SFIX) Director Katrina Lake sold 725,002 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $5.78, for a total value of $4,190,511.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Stitch Fix Price Performance

Shares of NASDAQ:SFIX traded down $0.73 during trading on Friday, hitting $3.92. The company had a trading volume of 12,373,917 shares, compared to its average volume of 2,112,316. The stock has a market cap of $497.20 million, a price-to-earnings ratio of -4.77 and a beta of 1.99. The company has a fifty day simple moving average of $3.69 and a two-hundred day simple moving average of $3.71. Stitch Fix, Inc. has a one year low of $2.06 and a one year high of $6.99.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. Stitch Fix had a negative return on equity of 32.21% and a negative net margin of 7.71%. The company had revenue of $318.82 million during the quarter, compared to the consensus estimate of $306.88 million. During the same period last year, the company earned ($0.30) earnings per share. Stitch Fix’s revenue was down 12.6% on a year-over-year basis. On average, equities research analysts anticipate that Stitch Fix, Inc. will post -0.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SFIX. Telsey Advisory Group raised their price objective on shares of Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a research report on Wednesday. Canaccord Genuity Group boosted their price target on Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, UBS Group boosted their target price on shares of Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3.96.

Institutional Trading of Stitch Fix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caprock Group LLC purchased a new stake in shares of Stitch Fix in the third quarter valued at approximately $33,000. Wealth Enhancement Advisory Services LLC bought a new stake in Stitch Fix during the 3rd quarter valued at $36,000. Meeder Asset Management Inc. bought a new stake in Stitch Fix during the 3rd quarter valued at $44,000. Pallas Capital Advisors LLC purchased a new stake in shares of Stitch Fix in the 2nd quarter worth $48,000. Finally, CWM LLC grew its position in shares of Stitch Fix by 132.5% during the 2nd quarter. CWM LLC now owns 11,867 shares of the company’s stock worth $49,000 after buying an additional 6,762 shares in the last quarter. 71.04% of the stock is owned by hedge funds and other institutional investors.

Stitch Fix Company Profile

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.