Uncovering Institutional Buying In Stitch Fix Inc (NASDAQ: SFIX)

Currently, there are 87.92M common shares owned by the public and among those 85.05M shares have been available to trade.

Insiders at the company have transacted a total of 30 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 10 of these insider trades were purchases, accounting for 2,311,693 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 232,228 shares.

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The company’s stock has a 5-day price change of -22.92% and -34.76% over the past three months. SFIX shares are trading -27.45% year to date (YTD), with the 12-month market performance down to -48.71% lower. It has a 12-month low price of $2.78 and touched a high of $5.48 over the same period. SFIX has an average intraday trading volume of 1.44 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -24.30%, -24.14%, and -29.61% respectively.

Institutional ownership of Stitch Fix Inc (NASDAQ: SFIX) shares accounts for 67.04% of the company’s 87.92M shares outstanding.

It has a market capitalization of $305.34M and a beta (3y monthly) value of 1.92. The earnings-per-share (ttm) stands at -$1.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.91% over the week and 5.68% over the month.

Analysts forecast that Stitch Fix Inc (SFIX) will achieve an EPS of -$0.18 for the current quarter, -$0.18 for the next quarter and -$0.64 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.22 while analysts give the company a high EPS estimate of -$0.11. Comparatively, EPS for the current quarter was -$0.19 a year ago. Earnings per share for the fiscal year are expected to increase by 38.58%, and 26.56% over the next financial year.

Looking at the support for the SFIX, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on January 06, 2023, with the firm’s price target at $4. Telsey Advisory Group was of a view on December 07, 2022 that the stock is Market Perform, while Canaccord Genuity gave the stock Hold rating on September 21, 2022, issuing a price target of $7. MKM Partners on their part issued Neutral rating on July 28, 2022.

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