Stitch Fix, Inc. (NASDAQ:SFIX – Get Rating) Director J William Gurley bought 1,000,000 shares of Stitch Fix stock in a transaction that occurred on Friday, July 8th. The stock was purchased at an average cost of $5.43 per share, for a total transaction of $5,430,000.00. Following the acquisition, the director now owns 2,149,762 shares of the company’s stock, valued at $11,673,207.66. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
NASDAQ:SFIX opened at $5.14 on Wednesday. The firm’s fifty day moving average price is $7.15 and its 200 day moving average price is $11.04. Stitch Fix, Inc. has a 1-year low of $4.66 and a 1-year high of $62.38. The firm has a market cap of $555.99 million, a price-to-earnings ratio of -6.19 and a beta of 1.91.
Stitch Fix (NASDAQ:SFIX – Get Rating) last posted its quarterly earnings data on Thursday, June 9th. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.15). Stitch Fix had a negative net margin of 4.13% and a negative return on equity of 19.96%. The firm had revenue of $492.90 million during the quarter, compared to analysts’ expectations of $493.71 million. During the same quarter last year, the business earned ($0.18) earnings per share. The business’s quarterly revenue was down 8.0% on a year-over-year basis. As a group, equities research analysts anticipate that Stitch Fix, Inc. will post -1.62 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Prospera Financial Services Inc purchased a new position in Stitch Fix in the 1st quarter valued at $74,000. Gladius Capital Management LP acquired a new stake in Stitch Fix in the first quarter valued at $76,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Stitch Fix by 42.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,344 shares of the company’s stock valued at $158,000 after acquiring an additional 2,470 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Stitch Fix by 20.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,005 shares of the company’s stock valued at $189,000 after acquiring an additional 1,697 shares during the period. Finally, ARK Investment Management LLC acquired a new stake in Stitch Fix in the fourth quarter valued at $194,000. Hedge funds and other institutional investors own 70.50% of the company’s stock.
SFIX has been the topic of several analyst reports. Bernstein Bank initiated coverage on shares of Stitch Fix in a report on Tuesday, March 15th. They issued a “market perform” rating and a $11.00 target price on the stock. Truist Financial dropped their price target on shares of Stitch Fix from $12.00 to $8.00 and set a “hold” rating on the stock in a research note on Friday, June 10th. Jefferies Financial Group started coverage on shares of Stitch Fix in a research note on Friday, March 18th. They issued a “hold” rating and a $10.00 price target on the stock. Sanford C. Bernstein started coverage on shares of Stitch Fix in a research note on Tuesday, March 15th. They issued a “market perform” rating and a $11.00 price target on the stock. Finally, BMO Capital Markets dropped their price target on shares of Stitch Fix from $11.00 to $8.00 in a research note on Friday, June 10th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Stitch Fix has an average rating of “Hold” and an average target price of $14.45.
Stitch Fix Company Profile (Get Rating)
Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile application 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.
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