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 value of $364,707.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Stitch Fix stock opened at $32.00 on Friday. The company has a market cap of $3.36 billion, a P/E ratio of 82.05, a price-to-earnings-growth ratio of 7.56 and a beta of 3.37. Stitch Fix Inc has a 52 week low of $16.05 and a 52 week high of $52.44.
Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Monday, March 11th. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.07. The company had revenue of $370.28 million for the quarter, compared to analysts’ expectations of $365.28 million. Stitch Fix had a return on equity of 15.99% and a net margin of 3.67%. On average, research analysts expect that Stitch Fix Inc will post 0.2 EPS for the current year.
Hedge funds have recently modified their holdings of the stock. Hamilton Lane Advisors LLC grew its stake in Stitch Fix by 45.2% in the fourth quarter. Hamilton Lane Advisors LLC now owns 57,088 shares of the company’s stock worth $976,000 after purchasing an additional 17,763 shares during the period. Bank of New York Mellon Corp grew its stake in Stitch Fix by 464.5% in the third quarter. Bank of New York Mellon Corp now owns 75,672 shares of the company’s stock worth $3,311,000 after purchasing an additional 62,266 shares during the period. Creative Planning purchased a new stake in Stitch Fix in the fourth quarter worth $190,000. Wells Fargo & Company MN grew its stake in Stitch Fix by 246.0% in the third quarter. Wells Fargo & Company MN now owns 78,764 shares of the company’s stock worth $3,447,000 after purchasing an additional 56,003 shares during the period. Finally, Capital Investment Advisory Services LLC purchased a new stake in Stitch Fix in the fourth quarter worth $62,000. 28.30% of the stock is currently owned by institutional investors.
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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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