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.
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.
COPYRIGHT VIOLATION NOTICE: “Stitch Fix Inc (NASDAQ:SFIX) Insider Sells $453,900.00 in Stock” was originally published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/4379903/stitch-fix-inc-nasdaqsfix-insider-sells-453900-00-in-stock.html.
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.
Further Reading: What are the FAANG Stocks?
Receive News & Ratings for Stitch Fix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stitch Fix and related companies with MarketBeat.com's FREE daily email newsletter.