Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $3.94, but opened at $4.25. Stitch Fix shares last traded at $4.33, with a volume of 1,106,367 shares changing hands.
Wall Street Analyst Weigh In
SFIX has been the topic of several recent research reports. William Blair raised shares of Stitch Fix from a "market perform" rating to an "outperform" rating in a report on Monday. Wall Street Zen cut shares of Stitch Fix from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Telsey Advisory Group restated a "market perform" rating and set a $6.00 target price on shares of Stitch Fix in a research note on Wednesday, June 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $5.67.
Read Our Latest Stock Analysis on SFIX
Stitch Fix Stock Up 2.0%
The firm has a market cap of $561.76 million, a price-to-earnings ratio of -9.38 and a beta of 1.93. The company's 50-day moving average price is $4.14 and its 200-day moving average price is $4.13.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.05. Stitch Fix had a negative net margin of 4.44% and a negative return on equity of 18.15%. During the same quarter in the previous year, the company earned ($0.18) EPS. The company's quarterly revenue was up .7% compared to the same quarter last year. On average, sell-side analysts predict that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.
Insider Buying and Selling at Stitch Fix
In related news, major shareholder Working Capital Advisors (Uk) sold 1,370,931 shares of Stitch Fix stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $4.68, for a total transaction of $6,415,957.08. Following the transaction, the insider directly owned 10,608,822 shares of the company's stock, valued at $49,649,286.96. The trade was a 11.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.95% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Stitch Fix
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in shares of Stitch Fix by 7.5% during the fourth quarter. Bank of New York Mellon Corp now owns 258,299 shares of the company's stock worth $1,113,000 after purchasing an additional 17,943 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Stitch Fix in the fourth quarter valued at about $134,000. American Century Companies Inc. lifted its stake in Stitch Fix by 16.5% in the fourth quarter. American Century Companies Inc. now owns 187,022 shares of the company's stock valued at $806,000 after buying an additional 26,492 shares during the period. LPL Financial LLC lifted its stake in Stitch Fix by 314.5% in the fourth quarter. LPL Financial LLC now owns 82,055 shares of the company's stock valued at $354,000 after buying an additional 62,258 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Stitch Fix by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company's stock worth $27,882,000 after acquiring an additional 457,568 shares in the last quarter. 71.04% of the stock is currently owned by institutional investors and hedge funds.
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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