Key Points
- Katrina Lake, a Stitch Fix director, sold 303,450 shares on Dec. 5 at an average price of $5.19, totaling $1,574,905.50, according to an SEC filing.
- Stitch Fix reported Q results with EPS of ($0.05) (meeting estimates) and revenue of $342.13M (up 7.3% YoY and slightly above consensus) but remains unprofitable with negative net margin and ROE; the stock trades near $5.26 with a market cap of roughly $705M and a consensus analyst rating of "Hold" and a $6.00 price target.
Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) Director Katrina Lake sold 303,450 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $5.19, for a total value of $1,574,905.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Stitch Fix Stock Performance
Shares of SFIX opened at $5.26 on Wednesday. The stock has a market capitalization of $705.42 million, a P/E ratio of -32.88 and a beta of 2.22. Stitch Fix, Inc. has a 1 year low of $2.60 and a 1 year high of $6.99. The company's fifty day moving average is $4.33 and its two-hundred day moving average is $4.58.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its earnings results on Thursday, December 4th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). Stitch Fix had a negative net margin of 2.23% and a negative return on equity of 14.38%. The business had revenue of $342.13 million for the quarter, compared to the consensus estimate of $335.74 million. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. The business's quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts predict that Stitch Fix, Inc. will post -0.44 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on SFIX. Zacks Research cut Stitch Fix from a "strong-buy" rating to a "hold" rating in a report on Friday, December 5th. Sanford C. Bernstein reissued a "market perform" rating and issued a $6.00 target price on shares of Stitch Fix in a report on Thursday, September 25th. UBS Group restated a "neutral" rating on shares of Stitch Fix in a research report on Wednesday, September 17th. Telsey Advisory Group reiterated a "market perform" rating and issued a $6.00 price target on shares of Stitch Fix in a report on Monday, December 1st. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Stitch Fix in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $6.00.
Check Out Our Latest Stock Analysis on Stitch Fix
Hedge Funds Weigh In On Stitch Fix
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wescott Financial Advisory Group LLC purchased a new stake in shares of Stitch Fix in the first quarter valued at about $32,000. State of Alaska Department of Revenue purchased a new position in shares of Stitch Fix during the 3rd quarter worth approximately $32,000. First Dallas Securities Inc. acquired a new position in shares of Stitch Fix during the 2nd quarter worth approximately $37,000. Ameritas Investment Partners Inc. lifted its stake in Stitch Fix by 32.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company's stock valued at $40,000 after buying an additional 2,645 shares in the last quarter. Finally, 111 Capital purchased a new stake in Stitch Fix in the 2nd quarter valued at approximately $44,000. Institutional investors and hedge funds own 71.04% of the company's stock.
Stitch Fix Company Profile
(
Get Free Report)
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.
See Also
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