Stitch Fix, Inc. (NASDAQ:SFIX) President Elizabeth Spaulding sold 6,340 shares of the company’s stock in a transaction dated Tuesday, June 8th. The stock was sold at an average price of $66.72, for a total transaction of $423,004.80. Following the completion of the sale, the president now directly owns 238,949 shares of the company’s stock, valued at $15,942,677.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
SFIX opened at $63.03 on Friday. Stitch Fix, Inc. has a 52-week low of $21.60 and a 52-week high of $113.76. The firm has a market capitalization of $6.70 billion, a P/E ratio of -71.63 and a beta of 2.04. The firm’s 50-day moving average is $48.31.
Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Sunday, June 6th. The company reported ($0.18) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.09. Stitch Fix had a negative net margin of 4.97% and a negative return on equity of 21.32%. On average, sell-side analysts forecast that Stitch Fix, Inc. will post -0.59 earnings per share for the current fiscal year.
SFIX has been the subject of a number of research reports. Telsey Advisory Group upped their price objective on shares of Stitch Fix from $54.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, March 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $54.00 price target on shares of Stitch Fix in a research report on Monday, March 15th. TheStreet lowered shares of Stitch Fix from a “c” rating to a “d+” rating in a research report on Monday, March 8th. Wells Fargo & Company increased their price target on shares of Stitch Fix from $27.00 to $35.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, Truist Securities increased their price target on shares of Stitch Fix from $60.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $88.30.
Stitch Fix Company Profile
Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile application 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.
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