Stitch Fix Inc (SFIX) CFO Paul Yee Sells 40,000 Shares of Stock

Stitch Fix Inc (NASDAQ:SFIX) CFO Paul Yee sold 40,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $34.82, for a total value of $1,392,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

NASDAQ:SFIX traded up $0.37 on Friday, hitting $32.00. The company’s stock had a trading volume of 2,573,263 shares, compared to its average volume of 2,162,555. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 82.05, a P/E/G ratio of 7.56 and a beta of 3.37. 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 quarterly earnings data on Monday, March 11th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.07. The firm had revenue of $370.28 million for the quarter, compared to analyst estimates of $365.28 million. Stitch Fix had a return on equity of 15.99% and a net margin of 3.67%. On average, equities research analysts forecast that Stitch Fix Inc will post 0.2 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on the company. Zacks Investment Research raised Stitch Fix from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Thursday. Barclays boosted their price target on Stitch Fix to $32.00 and gave the company an “equal weight” rating in a report on Wednesday. Stifel Nicolaus boosted their price target on Stitch Fix from $28.00 to $34.00 in a report on Wednesday. Piper Jaffray Companies boosted their price target on Stitch Fix from $20.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, KeyCorp boosted their price target on Stitch Fix from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Stitch Fix currently has an average rating of “Hold” and a consensus target price of $35.50.

A number of large investors have recently added to or reduced their stakes in SFIX. Park West Asset Management LLC bought a new stake in Stitch Fix in the fourth quarter valued at approximately $30,016,000. Baillie Gifford & Co. raised its stake in Stitch Fix by 48.0% in the fourth quarter. Baillie Gifford & Co. now owns 3,600,131 shares of the company’s stock valued at $61,526,000 after buying an additional 1,167,506 shares during the period. Renaissance Technologies LLC bought a new stake in Stitch Fix in the third quarter valued at approximately $49,972,000. Vanguard Group Inc raised its stake in Stitch Fix by 46.9% in the third quarter. Vanguard Group Inc now owns 2,013,293 shares of the company’s stock valued at $88,122,000 after buying an additional 642,540 shares during the period. Finally, Vanguard Group Inc. raised its stake in Stitch Fix by 46.9% in the third quarter. Vanguard Group Inc. now owns 2,013,293 shares of the company’s stock valued at $88,122,000 after buying an additional 642,540 shares during the period. Hedge funds and other institutional investors own 28.30% 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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