Katrina Lake Sells 8,835 Shares of Stitch Fix (NASDAQ:SFIX) Stock

Stitch Fix, Inc. (NASDAQ:SFIX) Director Katrina Lake sold 8,835 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $5.01, for a total transaction of $44,263.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Katrina Lake also recently made the following trade(s):

• On Friday, December 5th, Katrina Lake sold 303,450 shares of Stitch Fix stock. The shares were sold at an average price of $5.19, for a total value of $1,574,905.50.

Stitch Fix Stock Performance

SFIX opened at $4.40 on Friday. Stitch Fix, Inc. has a 52-week low of $2.60 and a 52-week high of $5.94. The firm has a market cap of $590.48 million, a P/E ratio of -27.50 and a beta of 2.23. The business’s fifty day moving average is $5.11 and its 200-day moving average is $4.88.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Thursday, December 4th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). The company had revenue of $342.13 million during the quarter, compared to the consensus estimate of $335.74 million. Stitch Fix had a negative net margin of 2.23% and a negative return on equity of 14.38%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) EPS. On average, research analysts predict that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in shares of Stitch Fix in the 3rd quarter worth about $32,000. First Dallas Securities Inc. acquired a new position in Stitch Fix during the 2nd quarter valued at about $37,000. Ameritas Investment Partners Inc. increased its holdings in Stitch Fix by 32.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock worth $40,000 after purchasing an additional 2,645 shares in the last quarter. 111 Capital purchased a new stake in shares of Stitch Fix in the second quarter worth approximately $44,000. Finally, Creative Planning bought a new position in shares of Stitch Fix in the second quarter valued at approximately $46,000. Institutional investors own 71.04% of the company’s stock.

Wall Street Analysts Forecast Growth

SFIX has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stitch Fix in a research note on Thursday, January 22nd. Wall Street Zen downgraded Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 target price on shares of Stitch Fix in a report on Monday, December 1st. Finally, Zacks Research lowered Stitch Fix from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Stitch Fix presently has an average rating of “Hold” and an average price target of $6.00.

About Stitch Fix

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.