Stitch Fix Inc (NASDAQ:SFIX) CEO Katrina Lake sold 200,000 shares of Stitch Fix stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $25.81, for a total value of $5,162,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Katrina Lake also recently made the following trade(s):
- On Wednesday, May 23rd, Katrina Lake sold 200,000 shares of Stitch Fix stock. The shares were sold at an average price of $20.45, for a total value of $4,090,000.00.
- On Wednesday, April 18th, Katrina Lake sold 150,000 shares of Stitch Fix stock. The shares were sold at an average price of $21.68, for a total value of $3,252,000.00.
Shares of Stitch Fix traded up $2.22, hitting $29.30, on Thursday, MarketBeat reports. 103,827 shares of the company traded hands, compared to its average volume of 2,447,885. Stitch Fix Inc has a 52 week low of $14.48 and a 52 week high of $30.07.
Several research analysts have issued reports on SFIX shares. ValuEngine upgraded Stitch Fix from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. Buckingham Research started coverage on Stitch Fix in a research report on Monday, March 19th. They set a “neutral” rating and a $22.00 target price for the company. Finally, Stifel Nicolaus boosted their target price on Stitch Fix from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Tuesday, March 13th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.71.
A number of large investors have recently modified their holdings of the stock. Element Capital Management LLC purchased a new stake in Stitch Fix in the first quarter valued at $220,000. Millennium Management LLC acquired a new position in shares of Stitch Fix in the first quarter worth about $296,000. Northern Trust Corp acquired a new position in shares of Stitch Fix in the first quarter worth about $389,000. Summit Rock Advisors LP acquired a new position in shares of Stitch Fix in the first quarter worth about $474,000. Finally, Stifel Financial Corp acquired a new position in shares of Stitch Fix in the first quarter worth about $477,000. 12.05% of the stock is owned by institutional investors.
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 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.
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