Marka Hansen Sells 4,018 Shares of Stitch Fix Inc (SFIX) Stock

Stitch Fix Inc (NASDAQ:SFIX) Director Marka Hansen sold 4,018 shares of the business’s stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $30.00, for a total transaction of $120,540.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

Marka Hansen also recently made the following trade(s):

  • On Monday, June 18th, Marka Hansen sold 18,103 shares of Stitch Fix stock. The stock was sold at an average price of $26.55, for a total transaction of $480,634.65.

Shares of NASDAQ SFIX traded up $1.64 during midday trading on Tuesday, hitting $28.48. The stock had a trading volume of 2,307,900 shares, compared to its average volume of 1,033,545. Stitch Fix Inc has a 52 week low of $14.48 and a 52 week high of $30.82.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Thursday, June 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The firm had revenue of $316.70 million for the quarter, compared to the consensus estimate of $306.67 million. Stitch Fix had a net margin of 1.90% and a return on equity of 15.39%. The business’s revenue was up 29.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.38) earnings per share. research analysts anticipate that Stitch Fix Inc will post 0.2 earnings per share for the current year.

Several equities research analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Stitch Fix from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, March 13th. ValuEngine raised shares of Stitch Fix from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th. Finally, Buckingham Research assumed coverage on shares of Stitch Fix in a research note on Monday, March 19th. They set a “neutral” rating and a $22.00 price objective on the stock. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.71.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Element Capital Management LLC bought a new position in shares of Stitch Fix in the first quarter worth approximately $220,000. Millennium Management LLC bought a new position in shares of Stitch Fix in the first quarter worth approximately $296,000. Northern Trust Corp bought a new position in shares of Stitch Fix in the first quarter worth approximately $389,000. Virtu Financial LLC bought a new position in shares of Stitch Fix in the fourth quarter worth approximately $578,000. Finally, Summit Rock Advisors LP bought a new position in shares of Stitch Fix in the first quarter worth approximately $474,000. Hedge funds and other institutional investors own 12.05% 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.

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

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