Stitch Fix (NASDAQ:SFIX) Shares Up 10.3% - What's Next?

Key Points

• Stitch Fix's stock price surged 10.3% in mid-day trading, reaching $4.56, despite a 41% drop in trading volume compared to average sessions.
• Analysts have varied ratings for Stitch Fix, with one upgrade to a "strong-buy" and a consensus price target of $6.00, as several firms have issued new reports.
• The latest quarterly earnings report showed a loss of $0.07 per share, beating estimates, but the company's revenue declined 2.6% year-over-year.

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report)'s share price shot up 10.3% during mid-day trading on Monday . The stock traded as high as $4.51 and last traded at $4.56. 1,389,327 shares were traded during trading, a decline of 41% from the average session volume of 2,364,493 shares. The stock had previously closed at $4.13.

Analysts Set New Price Targets

Several research firms have issued reports on SFIX. Zacks Research raised shares of Stitch Fix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a "sell (d-)" rating on shares of Stitch Fix in a research report on Wednesday, October 8th. William Blair raised shares of Stitch Fix from a "market perform" rating to an "outperform" rating in a research report on Monday, July 14th. Sanford C. Bernstein reissued a "market perform" rating and issued a $6.00 target price on shares of Stitch Fix in a research report on Thursday, September 25th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $6.00 target price on shares of Stitch Fix in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $6.00.

Stitch Fix Stock Up 7.0%

The company has a market cap of $592.77 million, a PE ratio of -9.61 and a beta of 2.08. The business's 50 day moving average price is $4.99 and its 200-day moving average price is $4.33.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last posted its quarterly earnings data on Wednesday, September 24th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.03. The company had revenue of $311.23 million for the quarter, compared to analyst estimates of $307.15 million. Stitch Fix had a negative net margin of 2.27% and a negative return on equity of 14.57%. The business's quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.30) earnings per share. Stitch Fix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts expect that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

Insider Activity at Stitch Fix

In related news, Director Katrina Lake sold 151,150 shares of Stitch Fix stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $5.03, for a total value of $760,284.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Casey O'connor sold 31,248 shares of Stitch Fix stock in a transaction on Monday, July 28th. The stock was sold at an average price of $5.34, for a total transaction of $166,864.32. Following the completion of the sale, the insider owned 498,621 shares of the company's stock, valued at approximately $2,662,636.14. This trade represents a 5.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 997,536 shares of company stock worth $5,114,202 in the last ninety days. 16.95% of the stock is currently owned by corporate insiders.

Institutional Trading of Stitch Fix

Several institutional investors have recently added to or reduced their stakes in SFIX. Fund 1 Investments LLC increased its stake in Stitch Fix by 44.6% during the second quarter. Fund 1 Investments LLC now owns 9,943,821 shares of the company's stock valued at $36,792,000 after purchasing an additional 3,064,901 shares during the last quarter. Marshall Wace LLP increased its stake in Stitch Fix by 4,898.1% during the second quarter. Marshall Wace LLP now owns 2,010,034 shares of the company's stock valued at $7,437,000 after purchasing an additional 1,969,818 shares during the last quarter. Nuveen LLC bought a new stake in Stitch Fix during the first quarter valued at $4,159,000. Shay Capital LLC bought a new stake in Stitch Fix during the second quarter valued at $3,570,000. Finally, Balyasny Asset Management L.P. bought a new stake in Stitch Fix during the second quarter valued at $2,803,000. Institutional investors own 71.04% of the company's stock.

Stitch Fix Company Profile

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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