Stitch Fix Inc (NASDAQ:SFIX) Director J William Gurley bought 150,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were bought at an average price of $23.41 per share, for a total transaction of $3,511,500.00.
Stitch Fix stock opened at $23.22 on Friday. Stitch Fix Inc has a 52 week low of $16.05 and a 52 week high of $37.72. The firm’s 50-day simple moving average is $19.89 and its 200 day simple moving average is $24.59. The firm has a market capitalization of $2.38 billion, a PE ratio of 64.50, a P/E/G ratio of 28.75 and a beta of 3.33.
Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Tuesday, October 1st. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. Stitch Fix had a net margin of 2.34% and a return on equity of 10.11%. The business had revenue of $432.10 million for the quarter, compared to analyst estimates of $432.44 million. During the same period in the previous year, the firm earned $0.18 EPS. The business’s revenue for the quarter was up 35.8% compared to the same quarter last year. As a group, research analysts forecast that Stitch Fix Inc will post 0.03 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Weaver Consulting Group purchased a new stake in shares of Stitch Fix in the 1st quarter worth about $28,000. Captrust Financial Advisors raised its stake in Stitch Fix by 392.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,230 shares of the company’s stock valued at $39,000 after purchasing an additional 980 shares during the last quarter. Bell Rock Capital LLC acquired a new position in Stitch Fix in the 2nd quarter valued at about $51,000. Valeo Financial Advisors LLC raised its stake in Stitch Fix by 27.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 2,749 shares of the company’s stock valued at $53,000 after purchasing an additional 590 shares during the last quarter. Finally, Griffin Asset Management Inc. acquired a new position in Stitch Fix in the 2nd quarter valued at about $63,000. Institutional investors and hedge funds own 39.43% of the company’s stock.
SFIX has been the topic of several research analyst reports. Telsey Advisory Group initiated coverage on shares of Stitch Fix in a research report on Friday. They set an “outperform” rating and a $29.00 target price on the stock. Royal Bank of Canada decreased their target price on shares of Stitch Fix from $43.00 to $38.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Piper Jaffray Companies decreased their target price on shares of Stitch Fix from $28.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. SunTrust Banks decreased their target price on shares of Stitch Fix from $44.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC started coverage on shares of Stitch Fix in a research report on Monday, July 1st. They issued a “hold” rating on the stock. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Stitch Fix currently has a consensus rating of “Hold” and a consensus target price of $28.67.
Stitch Fix Company Profile
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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