Stitch Fix (NASDAQ:SFIX) Trading Up 4.9% – Time to Buy?

Stitch Fix, Inc. (NASDAQ:SFIX) shares traded up 4.9% on Tuesday . The company traded as high as $4.25 and last traded at $4.2050. Approximately 350,561 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 2,123,784 shares. The stock had previously closed at $4.01.

Analyst Ratings Changes

A number of research firms have recently issued reports on SFIX. Telsey Advisory Group dropped their price target on Stitch Fix from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, March 12th. Weiss Ratings downgraded Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 12th. William Blair reissued a “mixed” rating on shares of Stitch Fix in a research note on Friday, March 6th. Wall Street Zen lowered Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, UBS Group upped their target price on Stitch Fix from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $5.12.

Stitch Fix Price Performance

The stock has a market capitalization of $561.06 million, a price-to-earnings ratio of -52.56 and a beta of 2.31. The business has a fifty day moving average of $3.60 and a 200 day moving average of $4.05.

Stitch Fix (NASDAQ:SFIX) last posted its earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.05. Stitch Fix had a negative return on equity of 9.35% and a negative net margin of 1.43%.The company had revenue of $340.28 million during the quarter, compared to analysts’ expectations of $333.51 million. During the same quarter last year, the firm earned ($0.06) earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts expect that Stitch Fix, Inc. will post -0.15 EPS for the current year.

Insider Buying and Selling

In other Stitch Fix news, insider Casey O’connor sold 60,000 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $3.08, for a total value of $184,800.00. Following the transaction, the insider owned 480,334 shares of the company’s stock, valued at $1,479,428.72. This represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Aufderhaar sold 65,709 shares of the stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $3.09, for a total transaction of $203,040.81. Following the transaction, the chief financial officer directly owned 1,178,037 shares of the company’s stock, valued at approximately $3,640,134.33. This trade represents a 5.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 195,709 shares of company stock valued at $678,341. 16.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Stitch Fix

A number of institutional investors and hedge funds have recently made changes to their positions in SFIX. Farther Finance Advisors LLC boosted its position in shares of Stitch Fix by 52.1% during the 4th quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company’s stock worth $51,000 after purchasing an additional 3,329 shares during the period. Caerus Investment Advisors LLC purchased a new stake in Stitch Fix in the first quarter valued at approximately $36,000. Royal Bank of Canada raised its position in Stitch Fix by 324.6% in the fourth quarter. Royal Bank of Canada now owns 10,998 shares of the company’s stock valued at $57,000 after purchasing an additional 8,408 shares during the period. CIBC Bancorp USA Inc. acquired a new position in Stitch Fix during the third quarter worth $50,000. Finally, First Dallas Securities Inc. acquired a new position in Stitch Fix during the first quarter worth $38,000. 71.04% of the stock is owned by hedge funds and other institutional investors.

Stitch Fix Company Profile

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.