Stitch Fix Inc (NASDAQ:SFIX) CFO Paul Yee sold 5,000 shares of the stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $29.48, for a total value of $147,400.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Stitch Fix stock opened at $26.30 on Monday. Stitch Fix Inc has a fifty-two week low of $14.48 and a fifty-two week high of $52.44.
Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Monday, October 1st. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.14. Stitch Fix had a return on equity of 15.39% and a net margin of 1.90%. The company had revenue of $318.30 million for the quarter, compared to analyst estimates of $318.93 million. The company’s quarterly revenue was up 23.2% on a year-over-year basis. Analysts anticipate that Stitch Fix Inc will post 0.22 earnings per share for the current year.
Several institutional investors have recently modified their holdings of SFIX. Baillie Gifford & Co. lifted its stake in shares of Stitch Fix by 18.5% during the 2nd quarter. Baillie Gifford & Co. now owns 2,290,113 shares of the company’s stock worth $62,841,000 after purchasing an additional 357,686 shares during the period. Light Street Capital Management LLC lifted its stake in shares of Stitch Fix by 18.6% during the 2nd quarter. Light Street Capital Management LLC now owns 2,010,516 shares of the company’s stock worth $55,169,000 after purchasing an additional 315,101 shares during the period. Scopus Asset Management L.P. purchased a new position in shares of Stitch Fix during the 2nd quarter worth $6,860,000. Putnam Investments LLC purchased a new position in shares of Stitch Fix during the 2nd quarter worth $6,019,000. Finally, AlpInvest Partners B.V. purchased a new position in shares of Stitch Fix during the 2nd quarter worth $4,954,000. 21.59% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on the company. Piper Jaffray Companies cut Stitch Fix from an “overweight” rating to a “neutral” rating and increased their target price for the company from $29.00 to $43.00 in a report on Thursday, September 20th. SunTrust Banks assumed coverage on Stitch Fix in a report on Friday, August 10th. They set a “buy” rating and a $38.00 target price on the stock. Zacks Investment Research cut Stitch Fix from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. KeyCorp lowered their target price on Stitch Fix from $53.00 to $45.00 and set an “overweight” rating on the stock in a report on Tuesday, October 2nd. Finally, Wells Fargo & Co assumed coverage on Stitch Fix in a report on Thursday, August 2nd. They set a “market perform” rating and a $30.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.18.
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 and women 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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