Stitch Fix Inc (NASDAQ:SFIX) CFO Paul Yee sold 40,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $34.82, for a total value of $1,392,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of SFIX stock traded up $0.14 on Thursday, hitting $31.63. 3,754,196 shares of the stock were exchanged, compared to its average volume of 2,162,555. The stock has a market capitalization of $3.36 billion, a P/E ratio of 81.10, a P/E/G ratio of 7.56 and a beta of 3.37. Stitch Fix Inc has a fifty-two week low of $16.05 and a fifty-two week high of $52.44.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Monday, March 11th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.07. Stitch Fix had a return on equity of 15.99% and a net margin of 3.67%. The company had revenue of $370.28 million during the quarter, compared to analysts’ expectations of $365.28 million. As a group, sell-side analysts anticipate that Stitch Fix Inc will post 0.2 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc bought a new stake in Stitch Fix during the fourth quarter worth about $29,000. Capital Investment Advisory Services LLC bought a new stake in Stitch Fix during the fourth quarter worth about $62,000. Stratos Wealth Partners LTD. bought a new stake in Stitch Fix during the third quarter worth about $153,000. Advisor Group Inc. raised its holdings in Stitch Fix by 39.5% during the fourth quarter. Advisor Group Inc. now owns 9,541 shares of the company’s stock worth $163,000 after acquiring an additional 2,701 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in Stitch Fix during the fourth quarter worth about $171,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

SFIX has been the subject of several recent research reports. Barclays upped their price objective on Stitch Fix to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Zacks Investment Research raised Stitch Fix from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday, January 9th. SunTrust Banks upped their price objective on Stitch Fix to $43.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Co reaffirmed a “hold” rating on shares of Stitch Fix in a research report on Monday, December 10th. Finally, Stifel Nicolaus reduced their price objective on Stitch Fix from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Tuesday, December 11th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Stitch Fix has a consensus rating of “Hold” and an average price target of $35.50.

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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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