Stitch Fix Inc (NASDAQ:SFIX) Insider Sells $453,900.00 in Stock

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Stitch Fix Inc (NASDAQ:SFIX) insider Mike C. Smith sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $30.26, for a total value of $453,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of SFIX stock traded up $0.42 during trading on Wednesday, hitting $31.42. The company had a trading volume of 2,167,419 shares, compared to its average volume of 2,188,234. The stock has a market cap of $3.04 billion, a P/E ratio of 80.56, a price-to-earnings-growth ratio of 4.15 and a beta of 3.01. Stitch Fix Inc has a one year low of $16.05 and a one year high of $52.44.

Stitch Fix (NASDAQ:SFIX) last released its earnings results on Wednesday, June 5th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.10. Stitch Fix had a return on equity of 13.77% and a net margin of 3.27%. The firm had revenue of $409.00 million during the quarter, compared to analysts’ expectations of $395.06 million. During the same period in the prior year, the company earned $0.09 earnings per share. The company’s quarterly revenue was up 29.1% on a year-over-year basis. On average, equities research analysts predict that Stitch Fix Inc will post 0.32 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on SFIX shares. TheStreet cut Stitch Fix from a “c-” rating to a “d+” rating in a research note on Monday, May 6th. Zacks Investment Research cut Stitch Fix from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Barclays boosted their price target on Stitch Fix to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 13th. SunTrust Banks boosted their price target on Stitch Fix to $43.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Finally, Wells Fargo & Co boosted their price target on Stitch Fix from $22.00 to $30.00 and gave the company a “market perform” rating in a research note on Wednesday, March 13th. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $36.11.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SFIX. Weaver Consulting Group bought a new stake in Stitch Fix during the first quarter worth $28,000. AdvisorNet Financial Inc bought a new stake in Stitch Fix during the fourth quarter worth $29,000. Botty Investors LLC bought a new stake in Stitch Fix during the first quarter worth $61,000. Victory Capital Management Inc. bought a new stake in Stitch Fix during the first quarter worth $134,000. Finally, FNY Investment Advisers LLC bought a new stake in Stitch Fix during the first quarter worth $141,000. Hedge funds and other institutional investors own 29.51% of the company’s stock.

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About Stitch Fix

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

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