Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) shares were up 5.8% during trading on Friday . The stock traded as high as $5.12 and last traded at $5.06. Approximately 779,518 shares changed hands during trading, a decline of 67% from the average daily volume of 2,371,302 shares. The stock had previously closed at $4.78.
Wall Street Analysts Forecast Growth
SFIX has been the topic of a number of analyst reports. Canaccord Genuity Group upped their price target on Stitch Fix from $5.00 to $6.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Telsey Advisory Group upped their target price on Stitch Fix from $4.00 to $6.00 and gave the company a "market perform" rating in a report on Wednesday, December 11th. Finally, UBS Group increased their target price on shares of Stitch Fix from $2.80 to $5.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, Stitch Fix has an average rating of "Hold" and a consensus price target of $3.96.
View Our Latest Stock Analysis on Stitch Fix
Stitch Fix Price Performance
The stock has a fifty day simple moving average of $4.63 and a two-hundred day simple moving average of $3.93. The firm has a market capitalization of $651.96 million, a P/E ratio of -6.19 and a beta of 1.99.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The company had revenue of $318.82 million during the quarter, compared to the consensus estimate of $306.88 million. During the same quarter last year, the firm posted ($0.30) EPS. The company's quarterly revenue was down 12.6% on a year-over-year basis. As a group, sell-side analysts expect that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.
Insider Activity
In related news, Director Katrina Lake sold 725,002 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total value of $4,190,511.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anthony Bacos sold 16,720 shares of Stitch Fix stock in a transaction on Friday, December 13th. The shares were sold at an average price of $4.61, for a total transaction of $77,079.20. Following the completion of the sale, the insider now directly owns 913,962 shares of the company's stock, valued at approximately $4,213,364.82. The trade was a 1.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.95% of the company's stock.
Hedge Funds Weigh In On Stitch Fix
Several large investors have recently added to or reduced their stakes in the business. Disciplined Growth Investors Inc. MN raised its stake in shares of Stitch Fix by 48.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company's stock worth $38,731,000 after purchasing an additional 4,460,668 shares during the last quarter. Vanguard Group Inc. raised its position in Stitch Fix by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company's stock valued at $27,882,000 after buying an additional 457,568 shares during the last quarter. Hodges Capital Management Inc. lifted its stake in 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 acquiring an additional 864,100 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Stitch Fix by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,294,925 shares of the company's stock worth $6,473,000 after acquiring an additional 83,220 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Stitch Fix in the 3rd quarter worth $2,862,000. Institutional investors own 71.04% of the company's stock.
About Stitch Fix
(
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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