Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) saw some unusual options trading on Monday. Investors purchased 8,537 call options on the company. This represents an increase of 219% compared to the average daily volume of 2,675 call options.
Stitch Fix Stock Performance
NASDAQ SFIX traded down $0.28 during trading on Thursday, hitting $3.72. The stock had a trading volume of 3,230,775 shares, compared to its average volume of 2,338,204. The stock has a 50 day simple moving average of $4.85 and a 200 day simple moving average of $4.08. Stitch Fix has a one year low of $2.06 and a one year high of $6.99. The stock has a market capitalization of $471.84 million, a price-to-earnings ratio of -4.48 and a beta of 2.13.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.06. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The company had revenue of $312.11 million during the quarter, compared to analyst estimates of $298.04 million. During the same quarter last year, the business posted ($0.29) EPS. The firm's revenue for the quarter was down 5.5% on a year-over-year basis. On average, sell-side analysts predict that Stitch Fix will post -0.44 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. UBS Group increased their price target on Stitch Fix from $2.80 to $5.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $6.00 price target on shares of Stitch Fix in a research note on Wednesday. Finally, Canaccord Genuity Group lifted their price objective on shares of Stitch Fix from $5.00 to $6.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $4.50.
Read Our Latest Stock Report on Stitch Fix
Insider Activity at Stitch Fix
In other news, insider Anthony Bacos sold 16,720 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $4.61, for a total value of $77,079.20. Following the completion of the transaction, the insider now owns 913,962 shares of the company's stock, valued at $4,213,364.82. This represents a 1.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.95% of the stock is currently owned by corporate insiders.
Institutional Trading of Stitch Fix
A number of hedge funds have recently bought and sold shares of the stock. Disciplined Growth Investors Inc. MN grew its stake in shares of Stitch Fix by 48.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company's stock worth $38,731,000 after acquiring an additional 4,460,668 shares during the last quarter. Vanguard Group Inc. lifted its position in Stitch Fix by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company's stock valued at $27,882,000 after purchasing an additional 457,568 shares during the period. Cooper Creek Partners Management LLC grew its position in Stitch Fix by 1,405.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company's stock worth $18,418,000 after purchasing an additional 3,989,362 shares during the period. Hodges Capital Management Inc. raised its stake in shares of Stitch Fix by 34.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company's stock valued at $9,518,000 after buying an additional 864,100 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Stitch Fix by 142.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,464,863 shares of the company's stock worth $10,624,000 after purchasing an additional 1,449,941 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company's stock.
Stitch Fix Company Profile
(
Get Free Report)
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.
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