Stitch Fix Inc (NASDAQ:SFIX) insider Mike C. Smith sold 25,000 shares of the stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $20.65, for a total transaction of $516,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of SFIX stock traded up $0.68 during mid-day trading on Friday, hitting $22.47. The company had a trading volume of 736,082 shares, compared to its average volume of 965,204. Stitch Fix Inc has a 52-week low of $16.05 and a 52-week high of $52.44. The company has a market capitalization of $2.24 billion, a PE ratio of 57.62, a price-to-earnings-growth ratio of 6.30 and a beta of 3.27.
Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Monday, December 10th. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.07. Stitch Fix had a net margin of 3.24% and a return on equity of 14.80%. The company had revenue of $366.00 million during the quarter, compared to analyst estimates of $358.05 million. During the same period in the prior year, the firm earned $0.04 earnings per share. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. As a group, equities analysts expect that Stitch Fix Inc will post 0.16 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc acquired a new stake in shares of Stitch Fix during the 4th quarter worth approximately $29,000. BlackRock Inc. lifted its position in shares of Stitch Fix by 54.7% during the 4th quarter. BlackRock Inc. now owns 381,752 shares of the company’s stock valued at $6,525,000 after buying an additional 134,984 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Stitch Fix by 1,668.7% in the 4th quarter. California Public Employees Retirement System now owns 87,444 shares of the company’s stock valued at $1,494,000 after purchasing an additional 82,500 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in Stitch Fix in the 4th quarter valued at $412,000. Finally, Capital Investment Advisory Services LLC purchased a new position in Stitch Fix in the 4th quarter valued at $62,000. Hedge funds and other institutional investors own 22.36% of the company’s stock.
Several equities research analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of Stitch Fix in a research report on Monday, November 19th. They set a “peer perform” rating for the company. ValuEngine cut shares of Stitch Fix from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. William Blair cut shares of Stitch Fix from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 11th. Piper Jaffray Companies lowered their price target on shares of Stitch Fix to $20.00 and set a “neutral” rating for the company in a research report on Tuesday, December 11th. Finally, Barclays reduced their price objective on shares of Stitch Fix from $33.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 11th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $29.10.
About Stitch Fix
Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc in October 2011.
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