Stitch Fix Inc (NASDAQ:SFIX) CFO Paul Yee Sells 50,000 Shares

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Stitch Fix Inc (NASDAQ:SFIX) CFO Paul Yee sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $27.44, for a total transaction of $1,372,000.00. Following the sale, the chief financial officer now owns 61,778 shares in the company, valued at approximately $1,695,188.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Stitch Fix stock traded down $1.26 during trading hours on Friday, hitting $25.87. The company had a trading volume of 2,843,056 shares, compared to its average volume of 2,484,626. The firm has a market capitalization of $2.80 billion, a P/E ratio of 71.86, a price-to-earnings-growth ratio of 18.63 and a beta of 3.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.00 and a quick ratio of 1.99. The firm’s fifty day moving average is $23.39 and its 200-day moving average is $23.89. Stitch Fix Inc has a fifty-two week low of $16.05 and a fifty-two week high of $37.72.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Tuesday, October 1st. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The firm had revenue of $432.10 million for the quarter, compared to analyst estimates of $432.44 million. Stitch Fix had a net margin of 1.57% and a return on equity of 6.79%. The company’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 EPS. Analysts anticipate that Stitch Fix Inc will post 0.07 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird restated a “buy” rating and set a $33.00 price target (up previously from $28.00) on shares of Stitch Fix in a report on Tuesday. SunTrust Banks restated a “buy” rating and set a $38.00 price target (up previously from $36.00) on shares of Stitch Fix in a report on Tuesday. ValuEngine lowered shares of Stitch Fix from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Stitch Fix from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Friday. Finally, Piper Jaffray Companies cut their price target on shares of Stitch Fix from $28.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Stitch Fix currently has a consensus rating of “Hold” and an average price target of $29.69.

A number of institutional investors have recently added to or reduced their stakes in SFIX. BlackRock Inc. increased its stake in Stitch Fix by 562.1% in the 2nd quarter. BlackRock Inc. now owns 2,605,848 shares of the company’s stock valued at $83,361,000 after buying an additional 2,212,289 shares during the period. Baillie Gifford & Co. grew its position in Stitch Fix by 23.3% in the second quarter. Baillie Gifford & Co. now owns 4,488,246 shares of the company’s stock worth $143,580,000 after acquiring an additional 849,117 shares in the last quarter. Marshall Wace LLP grew its position in Stitch Fix by 2,125.9% in the second quarter. Marshall Wace LLP now owns 507,025 shares of the company’s stock worth $16,220,000 after acquiring an additional 484,247 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in Stitch Fix in the third quarter worth approximately $8,395,000. Finally, Squarepoint Ops LLC grew its position in Stitch Fix by 240.0% in the third quarter. Squarepoint Ops LLC now owns 558,746 shares of the company’s stock worth $10,756,000 after acquiring an additional 394,407 shares in the last quarter. Hedge funds and other institutional investors own 41.77% of the company’s stock.

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.

See Also: Initial Coin Offering (ICO)

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

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