Stitch Fix Inc (NASDAQ:SFIX) insider Scott Darling sold 10,259 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $35.55, for a total transaction of $364,707.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ SFIX traded up $0.37 during midday trading on Friday, hitting $32.00. The company had a trading volume of 2,596,274 shares, compared to its average volume of 2,171,075. Stitch Fix Inc has a twelve month low of $16.05 and a twelve month high of $52.44. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 82.05, a price-to-earnings-growth ratio of 7.56 and a beta of 3.37.
Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Monday, March 11th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.07. Stitch Fix had a net margin of 3.67% and a return on equity of 15.99%. The firm had revenue of $370.28 million during the quarter, compared to analysts’ expectations of $365.28 million. Research analysts forecast that Stitch Fix Inc will post 0.2 earnings per share for the current fiscal year.
Several research firms have recently commented on SFIX. Zacks Investment Research upgraded shares of Stitch Fix from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Thursday. Barclays raised their target price on shares of Stitch Fix to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Stifel Nicolaus raised their target price on shares of Stitch Fix from $28.00 to $34.00 in a research note on Wednesday. Piper Jaffray Companies raised their target price on shares of Stitch Fix from $20.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, KeyCorp raised their target price on shares of Stitch Fix from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $35.50.
A number of large investors have recently bought and sold shares of the business. Capital Impact Advisors LLC increased its holdings in Stitch Fix by 14.4% during the 4th quarter. Capital Impact Advisors LLC now owns 61,206 shares of the company’s stock valued at $1,061,000 after acquiring an additional 7,683 shares in the last quarter. Geode Capital Management LLC increased its holdings in Stitch Fix by 51.2% during the 4th quarter. Geode Capital Management LLC now owns 153,179 shares of the company’s stock valued at $2,617,000 after acquiring an additional 51,888 shares in the last quarter. Greenspring Associates Inc. purchased a new position in Stitch Fix during the 4th quarter valued at about $289,000. Macquarie Group Ltd. purchased a new stake in shares of Stitch Fix during the fourth quarter worth about $8,467,000. Finally, Potrero Capital Research LLC grew its holdings in shares of Stitch Fix by 75.0% during the fourth quarter. Potrero Capital Research LLC now owns 116,629 shares of the company’s stock worth $1,993,000 after buying an additional 50,000 shares in the last quarter. Hedge funds and other institutional investors own 28.30% of the company’s stock.
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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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