Scott Darling Sells 10,259 Shares of Stitch Fix Inc (SFIX) Stock
Stitch Fix Inc (NASDAQ:SFIX) insider Scott Darling sold 10,259 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $35.55, for a total transaction of $364,707.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of NASDAQ SFIX traded up $0.14 during midday trading on Thursday, reaching $31.63. 3,754,196 shares of the company were exchanged, compared to its average volume of 2,162,555. The stock has a market cap of $3.36 billion, a PE ratio of 81.10, a PEG 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 issued its quarterly earnings data on Monday, March 11th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.07. Stitch Fix had a net margin of 3.67% and a return on equity of 15.99%. The company had revenue of $370.28 million for the quarter, compared to analysts’ expectations of $365.28 million. As a group, analysts expect that Stitch Fix Inc will post 0.2 EPS for the current year.
A number of research firms have weighed in on SFIX. Zacks Investment Research raised shares of Stitch Fix from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Thursday. Wells Fargo & Co boosted their target price on shares of Stitch Fix from $22.00 to $30.00 and gave the stock a “market perform” rating in a research note on Wednesday. Piper Jaffray Companies boosted their target price on shares of Stitch Fix from $20.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday. KeyCorp decreased their target price on shares of Stitch Fix from $45.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 11th. Finally, William Blair cut shares of Stitch Fix from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 11th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $35.50.
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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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