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

Stitch Fix, Inc. (NASDAQ:SFIX) Director Katrina Lake sold 725,002 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total value of $4,190,511.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Stitch Fix Stock Performance

NASDAQ:SFIX opened at $3.92 on Friday. The company has a market cap of $497.20 million, a price-to-earnings ratio of -4.72 and a beta of 1.99. The stock has a fifty day moving average price of $3.72 and a 200-day moving average price of $3.72. Stitch Fix, Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $6.99.

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

Institutional Investors Weigh In On Stitch Fix

A number of hedge funds have recently made changes to their positions in SFIX. Disciplined Growth Investors Inc. MN grew its stake in shares of Stitch Fix by 48.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock worth $38,731,000 after purchasing an additional 4,460,668 shares during the last quarter. Hodges Capital Management Inc. increased its stake in Stitch Fix by 34.4% in the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock valued at $9,518,000 after buying an additional 864,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Stitch Fix by 32.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 499,142 shares of the company’s stock valued at $1,408,000 after buying an additional 121,084 shares during the period. CWM LLC increased its stake in shares of Stitch Fix by 132.5% during the 2nd quarter. CWM LLC now owns 11,867 shares of the company’s stock worth $49,000 after purchasing an additional 6,762 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Stitch Fix by 11.7% in the second quarter. Renaissance Technologies LLC now owns 4,432,600 shares of the company’s stock valued at $18,395,000 after buying an additional 465,900 shares during the period. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.