Stitch Fix (NASDAQ:SFIX) Trading 3.6% Higher – What’s Next?

Stitch Fix, Inc. (NASDAQ:SFIX)’s stock price was up 3.6% during trading on Monday . The company traded as high as $5.40 and last traded at $5.3750. Approximately 735,517 shares were traded during trading, a decline of 69% from the average daily volume of 2,363,098 shares. The stock had previously closed at $5.19.

Analyst Upgrades and Downgrades

SFIX has been the topic of several research analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 price objective on shares of Stitch Fix in a research note on Monday, December 1st. Zacks Research cut Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Stitch Fix in a research note on Wednesday, October 8th. UBS Group restated a “neutral” rating on shares of Stitch Fix in a report on Wednesday, September 17th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $6.00 target price on shares of Stitch Fix in a report on Thursday, September 25th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Stitch Fix currently has a consensus rating of “Hold” and an average target price of $6.00.

Stitch Fix Price Performance

The business has a 50-day moving average of $4.65 and a two-hundred day moving average of $4.67. The company has a market cap of $706.56 million, a P/E ratio of -32.91 and a beta of 2.22.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Thursday, December 4th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). Stitch Fix had a negative net margin of 2.23% and a negative return on equity of 14.38%. The business had revenue of $342.13 million during the quarter, compared to analyst estimates of $335.74 million. During the same period in the prior year, the firm posted ($0.03) earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling at Stitch Fix

In other Stitch Fix news, insider Casey O’connor sold 50,000 shares of Stitch Fix stock in a transaction on Monday, October 20th. The shares were sold at an average price of $4.41, for a total value of $220,500.00. Following the transaction, the insider directly owned 431,441 shares of the company’s stock, valued at approximately $1,902,654.81. The trade was a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Katrina Lake sold 303,450 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $5.19, for a total value of $1,574,905.50. The disclosure for this sale is available in the SEC filing. 16.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Stitch Fix

Institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in shares of Stitch Fix during the third quarter valued at about $32,000. First Dallas Securities Inc. acquired a new stake in Stitch Fix in the 2nd quarter worth approximately $37,000. Ameritas Investment Partners Inc. grew its position in Stitch Fix by 32.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock worth $40,000 after purchasing an additional 2,645 shares during the last quarter. 111 Capital acquired a new position in Stitch Fix during the 2nd quarter valued at approximately $44,000. Finally, Creative Planning acquired a new position in Stitch Fix during the 2nd quarter valued at approximately $46,000. Institutional investors and hedge funds own 71.04% of the company’s stock.

About Stitch Fix

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.