Stitch Fix Inc (NASDAQ:SFIX) insider Scott Darling sold 6,441 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $31.73, for a total value of $204,372.93. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Scott Darling also recently made the following trade(s):
- On Tuesday, March 12th, Scott Darling sold 10,259 shares of Stitch Fix stock. The shares were sold at an average price of $35.55, for a total value of $364,707.45.
SFIX traded down $0.73 during trading on Tuesday, reaching $30.31. The stock had a trading volume of 1,916,400 shares, compared to its average volume of 2,187,664. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 77.72, a price-to-earnings-growth ratio of 6.51 and a beta of 3.37. Stitch Fix Inc has a one year low of $16.05 and a one year high of $52.44.
Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Monday, March 11th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. The business had revenue of $370.28 million during the quarter, compared to the consensus estimate of $365.28 million. Stitch Fix had a return on equity of 15.47% and a net margin of 3.67%. On average, sell-side analysts predict that Stitch Fix Inc will post 0.22 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of SFIX. Park West Asset Management LLC bought a new position in Stitch Fix in the fourth quarter worth $30,016,000. Baillie Gifford & Co. raised its holdings in Stitch Fix by 48.0% in the fourth quarter. Baillie Gifford & Co. now owns 3,600,131 shares of the company’s stock worth $61,526,000 after purchasing an additional 1,167,506 shares in the last quarter. Renaissance Technologies LLC bought a new position in Stitch Fix in the third quarter worth $49,972,000. Vanguard Group Inc raised its holdings in Stitch Fix by 46.9% in the third quarter. Vanguard Group Inc now owns 2,013,293 shares of the company’s stock worth $88,122,000 after purchasing an additional 642,540 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Stitch Fix by 46.9% in the third quarter. Vanguard Group Inc. now owns 2,013,293 shares of the company’s stock worth $88,122,000 after purchasing an additional 642,540 shares in the last quarter. Institutional investors and hedge funds own 28.24% of the company’s stock.
A number of brokerages recently commented on SFIX. Royal Bank of Canada upped their target price on Stitch Fix from $39.00 to $52.00 and gave the company an “outperform” rating in a report on Tuesday, March 12th. KeyCorp decreased their target price on Stitch Fix from $45.00 to $38.00 and set an “overweight” rating for the company in a report on Tuesday, December 11th. Barclays decreased their target price on Stitch Fix from $33.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, December 11th. Piper Jaffray Companies decreased their target price on Stitch Fix to $20.00 and set a “neutral” rating for the company in a report on Tuesday, December 11th. Finally, ValuEngine downgraded Stitch Fix from a “buy” rating to a “hold” rating in a report on Monday, November 26th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $35.50.
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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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