Stitch Fix Inc (SFIX) CEO Katrina Lake Sells 100,000 Shares

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Stitch Fix Inc (NASDAQ:SFIX) CEO Katrina Lake sold 100,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $23.36, for a total transaction of $2,336,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Katrina Lake also recently made the following trade(s):

  • On Wednesday, April 17th, Katrina Lake sold 100,000 shares of Stitch Fix stock. The stock was sold at an average price of $26.18, for a total transaction of $2,618,000.00.
  • On Wednesday, March 20th, Katrina Lake sold 100,000 shares of Stitch Fix stock. The stock was sold at an average price of $30.71, for a total transaction of $3,071,000.00.
  • On Thursday, February 21st, Katrina Lake sold 100,000 shares of Stitch Fix stock. The stock was sold at an average price of $25.87, for a total transaction of $2,587,000.00.

SFIX stock opened at $23.94 on Friday. Stitch Fix Inc has a 1 year low of $16.05 and a 1 year high of $52.44. The stock has a market capitalization of $2.39 billion, a P/E ratio of 61.38, a P/E/G ratio of 5.00 and a beta of 3.10.

Stitch Fix (NASDAQ:SFIX) last announced its earnings results on Monday, March 11th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.07. Stitch Fix had a net margin of 3.67% and a return on equity of 15.47%. The business had revenue of $370.28 million during the quarter, compared to the consensus estimate of $365.28 million. On average, analysts anticipate that Stitch Fix Inc will post 0.22 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. AdvisorNet Financial Inc bought a new position in shares of Stitch Fix during the fourth quarter valued at approximately $29,000. Botty Investors LLC bought a new position in shares of Stitch Fix during the first quarter valued at approximately $61,000. Capital Investment Advisory Services LLC bought a new position in shares of Stitch Fix during the fourth quarter valued at approximately $62,000. Victory Capital Management Inc. bought a new position in shares of Stitch Fix during the first quarter valued at approximately $134,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Stitch Fix during the first quarter valued at approximately $141,000. 27.98% of the stock is owned by institutional investors and hedge funds.

SFIX has been the subject of a number of research reports. Stifel Nicolaus increased their price target on shares of Stitch Fix from $28.00 to $34.00 in a research note on Wednesday, March 13th. Zacks Investment Research raised shares of Stitch Fix from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Thursday, March 14th. SunTrust Banks increased their price target on shares of Stitch Fix to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. TheStreet downgraded shares of Stitch Fix from a “c-” rating to a “d+” rating in a research note on Monday, May 6th. Finally, Barclays increased their price target on shares of Stitch Fix to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 13th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $37.00.

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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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