Stitch Fix Inc (NASDAQ:SFIX) COO Mike C. Smith sold 80,000 shares of Stitch Fix stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $21.29, for a total transaction of $1,703,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Stitch Fix Inc (NASDAQ:SFIX) opened at $20.40 on Friday. Stitch Fix Inc has a 1 year low of $14.48 and a 1 year high of $30.07.
Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Monday, March 12th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $296.00 million for the quarter, compared to analysts’ expectations of $291.29 million. The business’s quarterly revenue was up 24.4% on a year-over-year basis. research analysts forecast that Stitch Fix Inc will post 0.14 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SFIX. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Stitch Fix during the 4th quarter valued at $25,974,000. Engineers Gate Manager LP purchased a new position in shares of Stitch Fix during the 4th quarter valued at $1,538,000. First Trust Advisors LP bought a new stake in shares of Stitch Fix during the 4th quarter worth $2,087,000. Advisory Research Inc. bought a new stake in shares of Stitch Fix during the 4th quarter worth $662,000. Finally, Virtu Financial LLC bought a new stake in shares of Stitch Fix during the 4th quarter worth $578,000. Hedge funds and other institutional investors own 9.09% of the company’s stock.
A number of research analysts recently weighed in on SFIX shares. Piper Jaffray Companies set a $29.00 price objective on shares of Stitch Fix and gave the company a “buy” rating in a research note on Monday, January 22nd. Barclays started coverage on shares of Stitch Fix in a research note on Tuesday, December 12th. They issued an “equal weight” rating and a $26.00 price objective for the company. Stifel Nicolaus boosted their price target on shares of Stitch Fix from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Tuesday, March 13th. JPMorgan Chase & Co. started coverage on shares of Stitch Fix in a research report on Tuesday, December 12th. They set a “neutral” rating and a $25.00 price target for the company. Finally, Goldman Sachs started coverage on shares of Stitch Fix in a research report on Tuesday, December 12th. They set a “neutral” rating and a $23.00 price target for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $26.17.
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About Stitch Fix
Stitch Fix, Inc is an online personalized styling service company. The Company offers apparel, shoes and accessories across categories, brands, product types and price points. The Company serves its clients in the following categories: Women’s, Petite, Maternity, Men’s and Plus. The Company also offers a wide variety of product types, including denim, dresses, blouses, skirts, shoes, jewelry and handbags.
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