Stitch Fix, Inc. (NASDAQ:SFIX)’s share price traded up 8.6% during trading on Tuesday . The stock traded as high as $52.38 and last traded at $52.38. 19,840 shares were traded during mid-day trading, a decline of 99% from the average session volume of 3,127,596 shares. The stock had previously closed at $48.23.

Several equities analysts have recently commented on the company. Needham & Company LLC upped their target price on Stitch Fix from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, March 15th. Telsey Advisory Group upped their target price on Stitch Fix from $54.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, March 4th. Truist upped their target price on Stitch Fix from $52.00 to $60.00 in a research report on Tuesday, March 9th. Piper Sandler upped their target price on Stitch Fix from $38.00 to $47.00 in a research report on Tuesday, March 9th. Finally, Stifel Nicolaus downgraded Stitch Fix from a “buy” rating to a “hold” rating and upped their target price for the company from $64.00 to $83.00 in a research report on Monday, February 1st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $74.61.

The firm has a 50 day simple moving average of $61.22 and a two-hundred day simple moving average of $54.64. The stock has a market capitalization of $5.43 billion, a P/E ratio of -89.60 and a beta of 2.46.

Stitch Fix (NASDAQ:SFIX) last released its earnings results on Sunday, March 7th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.02. Stitch Fix had a negative return on equity of 13.58% and a negative net margin of 3.27%. The firm had revenue of $504.10 million during the quarter, compared to analysts’ expectations of $512.17 million. During the same period in the prior year, the company earned $0.11 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, research analysts anticipate that Stitch Fix, Inc. will post -0.25 EPS for the current year.

In other news, Director Mike C. Smith sold 40,000 shares of the stock in a transaction on Friday, January 15th. The stock was sold at an average price of $74.39, for a total value of $2,975,600.00. Following the completion of the transaction, the director now directly owns 87,356 shares in the company, valued at approximately $6,498,412.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marka Hansen sold 10,000 shares of the stock in a transaction on Monday, April 5th. The shares were sold at an average price of $48.70, for a total value of $487,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $487,000. The disclosure for this sale can be found here. Insiders sold a total of 331,869 shares of company stock valued at $20,693,730 over the last quarter. 45.10% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Concorde Asset Management LLC acquired a new stake in Stitch Fix in the fourth quarter valued at $1,593,000. Radnor Capital Management LLC acquired a new stake in Stitch Fix in the fourth quarter valued at $435,000. New York State Common Retirement Fund increased its holdings in Stitch Fix by 5.8% in the fourth quarter. New York State Common Retirement Fund now owns 54,500 shares of the company’s stock valued at $3,200,000 after purchasing an additional 3,000 shares during the period. Kovack Advisors Inc. acquired a new stake in Stitch Fix in the fourth quarter valued at $262,000. Finally, International Assets Investment Management LLC acquired a new stake in Stitch Fix in the fourth quarter valued at $55,000. Institutional investors and hedge funds own 55.51% of the company’s stock.

Stitch Fix Company Profile (NASDAQ:SFIX)

Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile application 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.

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