EU and US could reach trade deal this weekend - Reuters
Director Katrina Lake of Stitch Fix , Inc. (NASDAQ:SFIX) sold a total of 453,485 shares of Class A Common Stock on July 22 and 23, 2025, for approximately $3.08 million. The sales were executed at prices ranging from $5.0568 to $5.1846 per share, near the current trading price of $5.20. The stock has shown strong momentum, gaining over 12% in the past week. According to InvestingPro analysis, Stitch Fix appears slightly undervalued at its current market capitalization of $679 million.
The transactions, executed under a pre-arranged Rule 10b5-1 trading plan, also involved the exercise of stock options. Lake exercised options to acquire 200,000 shares of Class A Common Stock at a price of $3.64, for a total value of $728,000. InvestingPro data shows the company maintains a fair financial health score, with a current ratio of 1.8 indicating solid short-term liquidity.
Additionally, 404,600 shares of Class A Common Stock were transferred for a total value of $1,456,000. Also, 404,600 shares of Class B Common Stock were converted to Class A Common Stock at a price of $0. These transactions come as the stock has demonstrated notable volatility, with the price ranging between $2.21 and $6.99 over the past 52 weeks.
In other recent news, Stitch Fix reported its financial results for the third quarter of fiscal year 2025, surpassing earnings expectations with an earnings per share (EPS) of -$0.06, compared to the forecast of -$0.11. The company’s revenue reached $325 million, slightly exceeding the anticipated $315.13 million. This performance was supported by improvements in operational efficiency and product innovation. UBS maintained its neutral rating on Stitch Fix, citing better-than-expected revenue and earnings per share for the quarter. The firm also noted enhancements in Stitch Fix’s in-house brands and inventory selection as contributing factors. Additionally, UBS raised its sales forecast for fiscal year 2026 by 3% following the company’s raised guidance for fiscal year 2025. Bernstein reiterated its Market Perform rating on Stitch Fix, highlighting the company’s return to growth after a period of decline. Stitch Fix recently reported its first positive growth quarter, marking a significant milestone in its multi-year transformation.
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