Stitch Fix (NASDAQ:SFIX) Stock Price Up 12.9% - What's Next?

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) shares were up 12.9% during trading on Monday . The stock traded as high as $3.93 and last traded at $3.94. Approximately 458,859 shares traded hands during trading, a decline of 81% from the average daily volume of 2,468,081 shares. The stock had previously closed at $3.49.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group restated a "market perform" rating and set a $6.00 target price on shares of Stitch Fix in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, Stitch Fix presently has an average rating of "Hold" and a consensus target price of $4.50.

Stitch Fix Price Performance

The business's 50-day moving average is $3.39 and its two-hundred day moving average is $4.12. The firm has a market cap of $542.24 million, a P/E ratio of -5.07 and a beta of 2.00.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The firm had revenue of $312.11 million for the quarter, compared to analyst estimates of $298.04 million. During the same quarter in the prior year, the company earned ($0.29) earnings per share. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. Equities research analysts predict that Stitch Fix, Inc. will post -0.44 EPS for the current year.

Insider Buying and Selling

In related news, insider Casey O'connor sold 50,000 shares of the business's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $3.04, for a total transaction of $152,000.00. Following the sale, the insider now owns 575,755 shares in the company, valued at $1,750,295.20. The trade was a 7.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.95% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Cooper Creek Partners Management LLC increased its stake in shares of Stitch Fix by 1,405.2% in the 4th quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company's stock valued at $18,418,000 after acquiring an additional 3,989,362 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Stitch Fix by 142.9% during the fourth 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 during the period. Nuveen LLC bought a new stake in shares of Stitch Fix during the first quarter valued at about $4,159,000. Norges Bank purchased a new stake in Stitch Fix in the fourth quarter valued at approximately $3,183,000. Finally, Two Sigma Investments LP raised its holdings in shares of Stitch Fix by 300.4% during the 4th quarter. Two Sigma Investments LP now owns 911,349 shares of the company's stock valued at $3,928,000 after buying an additional 683,751 shares in the last quarter. 71.04% of the stock is 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.