Scott Darling Sells 1,000 Shares of Stitch Fix Inc (NASDAQ:SFIX) Stock

Stitch Fix Inc (NASDAQ:SFIX) insider Scott Darling sold 1,000 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total value of $25,000.00. Following the completion of the transaction, the insider now directly owns 98,483 shares in the company, valued at approximately $2,462,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Scott Darling also recently made the following trade(s):

  • On Monday, December 9th, Scott Darling sold 4,000 shares of Stitch Fix stock. The shares were sold at an average price of $25.00, for a total value of $100,000.00.

Shares of NASDAQ:SFIX opened at $25.22 on Friday. The stock’s 50-day moving average price is $25.06 and its 200-day moving average price is $23.41. Stitch Fix Inc has a 12-month low of $16.99 and a 12-month high of $37.72. The stock has a market capitalization of $2.57 billion, a P/E ratio of 97.00, a price-to-earnings-growth ratio of 22.79 and a beta of 3.29. The company has a current ratio of 2.00, a quick ratio of 1.39 and a debt-to-equity ratio of 0.32.

A number of brokerages have recently issued reports on SFIX. Barclays reduced their price objective on Stitch Fix from $32.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. TheStreet raised Stitch Fix from a “d” rating to a “c” rating in a research note on Monday, December 9th. Piper Jaffray Companies reduced their price objective on Stitch Fix from $28.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Telsey Advisory Group began coverage on Stitch Fix in a research note on Friday, October 18th. They set an “outperform” rating and a $29.00 price objective on the stock. Finally, Zacks Investment Research raised Stitch Fix from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Friday, December 13th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $29.69.

Large investors have recently made changes to their positions in the company. First Trust Advisors LP grew its stake in shares of Stitch Fix by 25.4% in the first quarter. First Trust Advisors LP now owns 104,279 shares of the company’s stock worth $2,944,000 after purchasing an additional 21,153 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Stitch Fix by 32.0% in the second quarter. Wells Fargo & Company MN now owns 80,948 shares of the company’s stock worth $2,590,000 after purchasing an additional 19,620 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Stitch Fix by 94.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 171,120 shares of the company’s stock worth $5,475,000 after purchasing an additional 83,335 shares during the last quarter. LPL Financial LLC grew its stake in shares of Stitch Fix by 56.8% in the second quarter. LPL Financial LLC now owns 30,560 shares of the company’s stock worth $978,000 after purchasing an additional 11,073 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Stitch Fix by 341.9% in the second quarter. Bank of New York Mellon Corp now owns 160,685 shares of the company’s stock worth $5,141,000 after purchasing an additional 124,320 shares during the last quarter. 41.73% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Risk Tolerance

Insider Buying and Selling by Quarter for Stitch Fix (NASDAQ:SFIX)

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