Stock Traders Purchase High Volume of Stitch Fix Call Options (NASDAQ:SFIX)

Stitch Fix, Inc. (NASDAQ:SFIX) was the target of some unusual options trading activity on Monday. Stock investors purchased 8,537 call options on the company. This is an increase of 219% compared to the average volume of 2,675 call options.

Insider Buying and Selling at Stitch Fix

In related news, insider Anthony Bacos sold 16,720 shares of Stitch Fix stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $4.61, for a total transaction of $77,079.20. Following the sale, the insider now directly owns 913,962 shares in the company, valued at $4,213,364.82. The trade was a 1.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Katrina Lake sold 725,002 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $5.78, for a total transaction of $4,190,511.56. The disclosure for this sale can be found here. Insiders own 16.95% of the company’s stock.

Institutional Trading of Stitch Fix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp purchased a new position in shares of Stitch Fix during the 4th quarter worth $474,000. Public Employees Retirement System of Ohio lifted its position in Stitch Fix by 40.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 206,688 shares of the company’s stock valued at $891,000 after purchasing an additional 59,938 shares in the last quarter. Two Sigma Advisers LP lifted its position in Stitch Fix by 84.0% during the fourth quarter. Two Sigma Advisers LP now owns 682,900 shares of the company’s stock valued at $2,943,000 after purchasing an additional 311,800 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Stitch Fix by 300.4% in the fourth quarter. Two Sigma Investments LP now owns 911,349 shares of the company’s stock worth $3,928,000 after buying an additional 683,751 shares during the period. Finally, Rafferty Asset Management LLC purchased a new position in shares of Stitch Fix during the 4th quarter valued at about $162,000. 71.04% of the stock is owned by hedge funds and other institutional investors.

Stitch Fix Stock Performance

Shares of SFIX stock traded down $0.24 on Monday, reaching $4.00. The stock had a trading volume of 521,347 shares, compared to its average volume of 2,281,890. Stitch Fix has a 1 year low of $2.06 and a 1 year high of $6.99. The stock has a market cap of $506.84 million, a P/E ratio of -4.82 and a beta of 2.13. The company has a 50 day simple moving average of $4.86 and a 200 day simple moving average of $4.07.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The business had revenue of $318.82 million during the quarter, compared to the consensus estimate of $306.88 million. During the same period in the previous year, the company posted ($0.30) EPS. The business’s quarterly revenue was down 12.6% compared to the same quarter last year. On average, equities research analysts anticipate that Stitch Fix will post -0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. 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 Tuesday, March 4th. Canaccord Genuity Group raised their price target on shares of Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Finally, UBS Group upped their price objective on Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.50.

Stitch Fix Company Profile

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.