Stock Traders Purchase High Volume of Call Options on Stitch Fix (NASDAQ:SFIX)

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 11,861 call options on the stock. This is an increase of approximately 484% compared to the average volume of 2,031 call options.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reiterated a "market perform" rating and issued a $6.00 price target on shares of Stitch Fix in a report on Wednesday.

Stitch Fix Stock Down 4.7%

SFIX stock traded down $0.20 during trading on Thursday, hitting $4.09. 2,196,519 shares of the company's stock traded hands, compared to its average volume of 2,236,029. Stitch Fix has a 52 week low of $2.21 and a 52 week high of $6.99. The stock has a fifty day moving average price of $3.74 and a two-hundred day moving average price of $4.21. The stock has a market capitalization of $526.78 million, a price-to-earnings ratio of -4.93 and a beta of 2.00.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.05. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The company's revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. As a group, equities research analysts expect that Stitch Fix will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Casey O'connor sold 50,000 shares of the business's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $3.04, for a total value of $152,000.00. Following the completion of the sale, the insider now owns 575,755 shares of the company's stock, valued at approximately $1,750,295.20. The trade was a 7.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Working Capital Advisors (Uk) sold 1,370,931 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $4.68, for a total value of $6,415,957.08. Following the completion of the sale, the insider now directly owns 10,608,822 shares of the company's stock, valued at approximately $49,649,286.96. This represents a 11.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.95% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new position in Stitch Fix during the 4th quarter worth $29,000. Wescott Financial Advisory Group LLC bought a new position in shares of Stitch Fix during the first quarter worth about $32,000. Bellecapital International Ltd. bought a new position in shares of Stitch Fix during the fourth quarter worth about $55,000. Savant Capital LLC bought a new position in Stitch Fix in the 4th quarter worth about $79,000. Finally, Polymer Capital Management US LLC bought a new position in Stitch Fix in the 4th quarter worth about $82,000. 71.04% of the stock is currently owned by institutional investors.

About Stitch Fix

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.