Stitch Fix rose 3.7% during the afternoon session to $3.32 per share. As reported by Barrons: "Stitch Fix announced Thursday that its chief executive officer will be stepping down. Stitch Fix ( ticker: SFIX ) announced Thursday that Elizabeth Spaulding will step down as CEO and as a member of the board of directors of the personal styling company, effective Jan. 5." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
Stitch Fix, Inc. sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. The company belongs to the Consumer Cyclical sector, which has an average price to earnings (P/E) ratio of 24.11 and an average price to book (P/B) ratio of 3.11. In contrast, Stitch Fix has a trailing 12 month P/E ratio of -4.0 and a P/B ratio of 1.0.
Stitch Fix has moved -83.5% over the last year compared to -18.0% for the S&P 500 -- a difference of -65.6%. Stitch Fix has a 52 week high of $20.17 and a 52 week low of $2.63. At today's price of $3.32 per share, Stitch Fix is -25.39% away from its target price of $4.45, and on average, analysts give the stock a rating of hold. 18.3% of the company's shares are linked to short positions, and 91.3% of the shares are owned by institutional investors.