Insider Selling: Stitch Fix Inc (NASDAQ:SFIX) Insider Sells $360,000.00 in Stock

Stitch Fix Inc (NASDAQ:SFIX) insider Scott Darling sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $30.00, for a total transaction of $360,000.00. Following the completion of the transaction, the insider now owns 90,074 shares in the company, valued at $2,702,220. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Scott Darling also recently made the following trade(s):

  • On Thursday, July 2nd, Scott Darling sold 8,000 shares of Stitch Fix stock. The shares were sold at an average price of $27.44, for a total transaction of $219,520.00.
  • On Monday, June 29th, Scott Darling sold 1,000 shares of Stitch Fix stock. The stock was sold at an average price of $25.00, for a total value of $25,000.00.
  • On Tuesday, June 23rd, Scott Darling sold 1,333 shares of Stitch Fix stock. The stock was sold at an average price of $25.00, for a total value of $33,325.00.
  • On Wednesday, June 3rd, Scott Darling sold 2,000 shares of Stitch Fix stock. The shares were sold at an average price of $25.00, for a total value of $50,000.00.
  • On Tuesday, May 26th, Scott Darling sold 5,537 shares of Stitch Fix stock. The stock was sold at an average price of $25.00, for a total value of $138,425.00.

SFIX stock opened at $28.27 on Friday. The business has a 50 day moving average price of $24.71 and a 200 day moving average price of $21.50. The company has a quick ratio of 1.44, a current ratio of 2.25 and a debt-to-equity ratio of 0.34. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -188.45 and a beta of 2.97. Stitch Fix Inc has a fifty-two week low of $10.90 and a fifty-two week high of $31.00.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Monday, June 8th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.18). Stitch Fix had a negative return on equity of 3.71% and a negative net margin of 0.91%. The company had revenue of $371.70 million for the quarter, compared to analyst estimates of $414.54 million. During the same period in the previous year, the business posted $0.07 EPS. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stitch Fix Inc will post -0.39 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Edge Wealth Management LLC acquired a new position in Stitch Fix during the first quarter worth approximately $26,000. HHM Wealth Advisors LLC acquired a new stake in Stitch Fix during the 1st quarter worth $39,000. Rockefeller Capital Management L.P. grew its position in Stitch Fix by 285.7% during the 1st quarter. Rockefeller Capital Management L.P. now owns 4,050 shares of the company’s stock worth $51,000 after purchasing an additional 3,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Stitch Fix by 70.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,694 shares of the company’s stock valued at $60,000 after purchasing an additional 1,934 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Stitch Fix in the fourth quarter valued at about $68,000. 43.45% of the stock is owned by hedge funds and other institutional investors.

SFIX has been the topic of a number of recent research reports. ValuEngine lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Thursday. SunTrust Banks upped their target price on shares of Stitch Fix from $22.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Nomura raised their price target on shares of Stitch Fix from $18.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Robert W. Baird reaffirmed a “buy” rating and set a $30.00 price objective on shares of Stitch Fix in a research report on Friday, June 12th. Finally, Nomura Securities reiterated a “buy” rating and issued a $18.00 price objective on shares of Stitch Fix in a research note on Thursday, April 9th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Stitch Fix presently has an average rating of “Buy” and an average price target of $22.68.

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.

Featured Story: What are gap-down stocks?

Insider Buying and Selling by Quarter for Stitch Fix (NASDAQ:SFIX)

Receive News & Ratings for Stitch Fix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stitch Fix and related companies with MarketBeat.com's FREE daily email newsletter.