Katrina Lake Sells 725,002 Shares of Stitch Fix, Inc. (NASDAQ:SFIX) Stock

Stitch Fix, Inc. (NASDAQ:SFIX) Director Katrina Lake sold 725,002 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total transaction of $4,190,511.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Stitch Fix Stock Down 15.7 %

NASDAQ SFIX traded down $0.73 on Friday, reaching $3.92. The company had a trading volume of 12,373,917 shares, compared to its average volume of 2,112,316. The company’s fifty day moving average is $3.69 and its 200 day moving average is $3.71. Stitch Fix, Inc. has a 52-week low of $2.06 and a 52-week high of $6.99. The stock has a market capitalization of $497.20 million, a P/E ratio of -4.77 and a beta of 1.99.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.09. The firm had revenue of $318.82 million during the quarter, compared to analyst estimates of $306.88 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.21%. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.30) EPS. On average, research analysts expect that Stitch Fix, Inc. will post -0.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SFIX. UBS Group boosted their target price on shares of Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Telsey Advisory Group boosted their price objective on shares of Stitch Fix from $4.00 to $6.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Canaccord Genuity Group increased their price objective on Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Stitch Fix by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 84,451 shares of the company’s stock valued at $223,000 after buying an additional 5,404 shares during the last quarter. CWM LLC lifted its holdings in Stitch Fix by 132.5% during the second quarter. CWM LLC now owns 11,867 shares of the company’s stock valued at $49,000 after purchasing an additional 6,762 shares during the last quarter. SG Americas Securities LLC boosted its position in Stitch Fix by 92.3% during the second quarter. SG Americas Securities LLC now owns 19,780 shares of the company’s stock worth $82,000 after purchasing an additional 9,494 shares during the period. Pallas Capital Advisors LLC purchased a new position in shares of Stitch Fix in the second quarter worth about $48,000. Finally, GYL Financial Synergies LLC raised its position in shares of Stitch Fix by 44.0% in the second quarter. GYL Financial Synergies LLC now owns 193,214 shares of the company’s stock valued at $802,000 after purchasing an additional 59,025 shares during the period. 71.04% of the stock is owned by institutional investors.

Stitch Fix Company Profile

Stitch Fix, Inc sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc.