Stitch Fix (NASDAQ:SFIX) Shares Up 3.8%

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) shot up 3.8% on Tuesday . The company traded as high as $4.14 and last traded at $4.13. 681,857 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 1,783,846 shares. The stock had previously closed at $3.98.

Wall Street Analysts Forecast Growth

SFIX has been the topic of several recent research reports. Truist Financial raised their price objective on Stitch Fix from $3.50 to $4.00 and gave the company a “hold” rating in a report on Wednesday, June 5th. Telsey Advisory Group reissued a “market perform” rating and set a $4.00 price objective on shares of Stitch Fix in a report on Thursday, May 30th. Wedbush reissued a “neutral” rating and set a $3.00 price objective on shares of Stitch Fix in a report on Wednesday, June 5th. Mizuho raised their price objective on Stitch Fix from $2.00 to $3.00 and gave the company an “underperform” rating in a report on Monday, June 10th. Finally, Canaccord Genuity Group raised their price objective on Stitch Fix from $3.50 to $4.50 and gave the company a “hold” rating in a report on Thursday, June 27th. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.37.

Stitch Fix Trading Up 1.8 %

The firm has a market capitalization of $495.48 million, a P/E ratio of -3.97 and a beta of 1.97. The company has a 50-day moving average of $2.87 and a 200-day moving average of $2.99.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Tuesday, June 4th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.10. Stitch Fix had a negative return on equity of 41.40% and a negative net margin of 8.68%. The firm had revenue of $322.73 million during the quarter, compared to analyst estimates of $305.93 million. Research analysts predict that Stitch Fix, Inc. will post -0.73 EPS for the current year.

Insider Transactions at Stitch Fix

In other news, CAO Sarah Barkema sold 30,000 shares of Stitch Fix stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $3.74, for a total value of $112,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 108,535 shares of the company’s stock, valued at approximately $405,920.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 25.90% of the company’s stock.

Institutional Trading of Stitch Fix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SFIX. New York State Teachers Retirement System bought a new stake in Stitch Fix in the 4th quarter valued at about $27,000. Lodestar Private Asset Management LLC bought a new stake in Stitch Fix in the 1st quarter valued at about $29,000. Tower Research Capital LLC TRC increased its position in Stitch Fix by 232.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,898 shares of the company’s stock valued at $39,000 after buying an additional 7,617 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Stitch Fix in the 4th quarter valued at about $42,000. Finally, Allspring Global Investments Holdings LLC increased its position in Stitch Fix by 116.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 22,378 shares of the company’s stock valued at $59,000 after buying an additional 12,028 shares in the last quarter. 71.04% of the stock is owned by institutional investors.

Stitch Fix Company Profile

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. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc.