Stitch Fix (SFIX) Trading 5.3% Higher

Stitch Fix Inc (NASDAQ:SFIX) traded up 5.3% on Tuesday . The company traded as high as $25.94 and last traded at $25.75. 1,004,044 shares were traded during trading, a decline of 45% from the average session volume of 1,831,402 shares. The stock had previously closed at $24.46.

A number of equities research analysts recently weighed in on the company. KeyCorp boosted their price objective on Stitch Fix from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 12th. Royal Bank of Canada boosted their price objective on Stitch Fix from $39.00 to $52.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 12th. Wells Fargo & Co boosted their price objective on Stitch Fix from $22.00 to $30.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. Barclays boosted their price objective on Stitch Fix to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 13th. Finally, SunTrust Banks boosted their price objective on Stitch Fix to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.00.

The firm has a market capitalization of $2.44 billion, a P/E ratio of 62.55, a PEG ratio of 4.97 and a beta of 3.10.

Stitch Fix (NASDAQ:SFIX) last announced its earnings results on Monday, March 11th. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.07. The firm had revenue of $370.28 million for the quarter, compared to the consensus estimate of $365.28 million. Stitch Fix had a return on equity of 15.47% and a net margin of 3.67%. On average, equities analysts forecast that Stitch Fix Inc will post 0.22 EPS for the current fiscal year.

In other Stitch Fix news, insider Mike C. Smith sold 25,000 shares of Stitch Fix stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $26.22, for a total transaction of $655,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Katrina Lake sold 100,000 shares of Stitch Fix stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $25.87, for a total value of $2,587,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,209,102 shares of company stock worth $36,409,400 over the last ninety days. Company insiders own 56.97% of the company’s stock.

Several large investors have recently made changes to their positions in SFIX. Bank of New York Mellon Corp lifted its holdings in Stitch Fix by 464.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 75,672 shares of the company’s stock worth $3,311,000 after purchasing an additional 62,266 shares during the last quarter. BlackRock Inc. increased its position in Stitch Fix by 63.3% in the 3rd quarter. BlackRock Inc. now owns 246,768 shares of the company’s stock worth $10,800,000 after buying an additional 95,644 shares during the period. Vanguard Group Inc. increased its position in Stitch Fix by 46.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,013,293 shares of the company’s stock worth $88,122,000 after buying an additional 642,540 shares during the period. Vanguard Group Inc increased its position in Stitch Fix by 46.9% in the 3rd quarter. Vanguard Group Inc now owns 2,013,293 shares of the company’s stock worth $88,122,000 after buying an additional 642,540 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in Stitch Fix in the 4th quarter worth approximately $252,000. 27.90% of the stock is currently owned by institutional investors.

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Stitch Fix Company Profile (NASDAQ:SFIX)

Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc in October 2011.

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