Stitch Fix (NASDAQ:SFIX) Stock Price Up 3.6% – Should You Buy?

Stitch Fix, Inc. (NASDAQ:SFIX)’s stock price traded up 3.6% during trading on Monday . The stock traded as high as $5.40 and last traded at $5.3750. 735,517 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 2,363,098 shares. The stock had previously closed at $5.19.

Wall Street Analysts Forecast Growth

SFIX has been the subject of a number of recent research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 price objective on shares of Stitch Fix in a research note on Monday, December 1st. Zacks Research lowered Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Sanford C. Bernstein reiterated a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a research report on Thursday, September 25th. Wall Street Zen upgraded Stitch Fix from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Stitch Fix in a research note on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.00.

Stitch Fix Stock Performance

The stock has a market cap of $719.98 million, a PE ratio of -33.58 and a beta of 2.22. The company has a 50 day moving average of $4.61 and a two-hundred day moving average of $4.65.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Thursday, December 4th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). Stitch Fix had a negative net margin of 2.23% and a negative return on equity of 14.38%. The company had revenue of $342.13 million during the quarter, compared to analyst estimates of $335.74 million. During the same quarter in the previous year, the firm earned ($0.03) EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current year.

Insider Buying and Selling

In other Stitch Fix news, Director Katrina Lake sold 303,450 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $5.19, for a total value of $1,574,905.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Casey O’connor sold 50,000 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $4.41, for a total value of $220,500.00. Following the completion of the transaction, the insider owned 431,441 shares of the company’s stock, valued at $1,902,654.81. The trade was a 10.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 16.09% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SFIX. State of Alaska Department of Revenue purchased a new position in Stitch Fix during the 3rd quarter valued at about $32,000. First Dallas Securities Inc. purchased a new stake in Stitch Fix during the second quarter worth about $37,000. Ameritas Investment Partners Inc. lifted its position in shares of Stitch Fix by 32.3% during the second quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock worth $40,000 after purchasing an additional 2,645 shares in the last quarter. 111 Capital purchased a new position in shares of Stitch Fix in the second quarter valued at approximately $44,000. Finally, Creative Planning purchased a new position in shares of Stitch Fix in the second quarter valued at approximately $46,000. 71.04% of the stock is currently owned by institutional investors and hedge funds.

About Stitch Fix

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.