Key Points
- Katrina Lake, a Stitch Fix director and founder, sold 8,835 shares on Feb 2 at an average price of $5.01 for a total of $44,263.35, according to an SEC filing.
- She also sold 303,450 shares on Dec 5 at an average price of $5.19, totaling about $1,574,905.50, representing substantial insider selling in recent months.
- Stitch Fix shares recently traded around $4.72 (50-day/200-day moving averages $5.10/$4.88), the company has a market cap of roughly $633M with negative earnings metrics, and analysts’ consensus is a Hold with an average price target of $6.00.
Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) Director Katrina Lake sold 8,835 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $5.01, for a total transaction of $44,263.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Katrina Lake also recently made the following trade(s):
- On Friday, December 5th, Katrina Lake sold 303,450 shares of Stitch Fix stock. The stock was sold at an average price of $5.19, for a total value of $1,574,905.50.
Stitch Fix Price Performance
Shares of Stitch Fix stock opened at $4.72 on Thursday. The business has a 50-day moving average of $5.10 and a two-hundred day moving average of $4.88. Stitch Fix, Inc. has a 1 year low of $2.60 and a 1 year high of $5.94. The company has a market capitalization of $633.42 million, a P/E ratio of -29.50 and a beta of 2.23.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly earnings results on Thursday, December 4th. The company reported ($0.05) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.05). The firm had revenue of $342.13 million during the quarter, compared to the consensus estimate of $335.74 million. Stitch Fix had a negative return on equity of 14.38% and a negative net margin of 2.23%.The business's revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) EPS. On average, equities analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new stake in Stitch Fix during the third quarter worth approximately $32,000. Farther Finance Advisors LLC lifted its holdings in shares of Stitch Fix by 52.1% during the 4th quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company's stock worth $51,000 after acquiring an additional 3,329 shares during the period. First Dallas Securities Inc. acquired a new stake in shares of Stitch Fix during the 2nd quarter worth approximately $37,000. Ameritas Investment Partners Inc. boosted its position in shares of Stitch Fix by 32.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company's stock worth $40,000 after acquiring an additional 2,645 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in Stitch Fix in the third quarter valued at approximately $50,000. 71.04% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
SFIX has been the topic of several research analyst reports. Telsey Advisory Group restated a "market perform" rating and issued a $6.00 price objective on shares of Stitch Fix in a research note on Monday, December 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Stitch Fix in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of Stitch Fix from a "buy" rating to a "hold" rating in a report on Saturday, January 3rd. Finally, Zacks Research cut shares of Stitch Fix from a "strong-buy" rating to a "hold" rating in a report on Friday, December 5th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $6.00.
Get Our Latest Report on SFIX
Stitch Fix Company Profile
(
Get Free Report)
Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.
Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.
Further Reading
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