Stitch Fix Inc (NASDAQ:SFIX) major shareholder Barry Eggers sold 31,886 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $40.88, for a total value of $1,303,499.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Barry Eggers also recently made the following trade(s):
- On Friday, July 6th, Barry Eggers sold 63,772 shares of Stitch Fix stock. The shares were sold at an average price of $31.07, for a total value of $1,981,396.04.
SFIX traded up $1.27 during trading on Wednesday, reaching $44.54. The company had a trading volume of 3,484,900 shares, compared to its average volume of 1,441,951. Stitch Fix Inc has a 52 week low of $14.48 and a 52 week high of $45.42.
Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Thursday, June 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $316.70 million during the quarter, compared to the consensus estimate of $306.67 million. Stitch Fix had a return on equity of 15.39% and a net margin of 1.90%. Stitch Fix’s revenue was up 29.2% on a year-over-year basis. During the same period last year, the company earned ($0.38) earnings per share. sell-side analysts anticipate that Stitch Fix Inc will post 0.22 earnings per share for the current fiscal year.
A number of research firms have recently commented on SFIX. SunTrust Banks began coverage on Stitch Fix in a research report on Friday, August 10th. They set a “buy” rating and a $38.00 target price for the company. Zacks Investment Research downgraded Stitch Fix from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Stifel Nicolaus increased their target price on Stitch Fix from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, June 8th. KeyCorp began coverage on Stitch Fix in a research report on Tuesday, July 10th. They set an “overweight” rating and a $38.00 target price for the company. Finally, Wells Fargo & Co began coverage on Stitch Fix in a research report on Thursday, August 2nd. They set a “market perform” rating and a $30.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $28.60.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in Stitch Fix in the second quarter worth $367,000. California Public Employees Retirement System bought a new stake in Stitch Fix in the second quarter worth $228,000. Putnam Investments LLC bought a new stake in Stitch Fix in the second quarter worth $6,019,000. Millennium Management LLC lifted its position in Stitch Fix by 220.8% in the second quarter. Millennium Management LLC now owns 46,778 shares of the company’s stock worth $1,284,000 after buying an additional 32,198 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new stake in Stitch Fix in the second quarter worth $6,860,000. Institutional investors own 21.59% of the company’s stock.
Stitch Fix Company Profile
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 and women 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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