Stitch Fix (NASDAQ:SFIX) Stock Price Up 4.3%

Stitch Fix, Inc. (NASDAQ:SFIX)’s share price traded up 4.3% on Monday . The company traded as high as $4.09 and last traded at $4.09. 229,619 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 1,753,104 shares. The stock had previously closed at $3.92.

Wall Street Analyst Weigh In

Several research firms have issued reports on SFIX. Piper Sandler reduced their price objective on Stitch Fix from $3.00 to $2.25 and set an “underweight” rating on the stock in a report on Tuesday, March 5th. UBS Group started coverage on Stitch Fix in a report on Monday, April 8th. They issued a “neutral” rating and a $2.80 price target on the stock. Mizuho boosted their price objective on Stitch Fix from $2.00 to $3.00 and gave the stock an “underperform” rating in a report on Monday, June 10th. Wells Fargo & Company reduced their target price on shares of Stitch Fix from $3.50 to $3.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 5th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $4.00 price target on shares of Stitch Fix in a research note on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.29.

Stitch Fix Trading Up 2.5 %

The business’s 50-day moving average price is $2.72 and its two-hundred day moving average price is $2.99.

Insiders Place Their Bets

In other Stitch Fix news, CAO Sarah Barkema sold 30,000 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $3.74, for a total value of $112,200.00. Following the completion of the sale, the chief accounting officer now directly owns 108,535 shares in the company, valued at $405,920.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 25.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Swiss National Bank increased its holdings in Stitch Fix by 2.4% during the 3rd quarter. Swiss National Bank now owns 155,400 shares of the company’s stock worth $536,000 after purchasing an additional 3,700 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Stitch Fix by 12.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,921,971 shares of the company’s stock valued at $6,631,000 after buying an additional 216,988 shares during the last quarter. Kent Lake Capital LLC bought a new stake in Stitch Fix in the 3rd quarter valued at approximately $2,932,000. Financial Gravity Asset Management Inc. lifted its stake in Stitch Fix by 1,800.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 35,150 shares of the company’s stock valued at $121,000 after acquiring an additional 33,300 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Stitch Fix by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,856,137 shares of the company’s stock worth $20,204,000 after acquiring an additional 231,975 shares during the last quarter. Institutional investors and hedge funds own 71.04% of the company’s stock.

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.