The Vanguard Group, Inc. has recently announced that it has increased stake in Stitch Fix Inc. (NASDAQ:SFIX) by 29.17%. After grabbing 7.94 million shares, the institutional investor is now in possession of 1.79 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 9.12% having worth around $27.09 million. Moreover, Disciplined Growth Investors, Inc increased its share by 1.5 million to have a control over 6.14 million shares. And BlackRock Fund Advisors raised its holdings to 11707.0 shares by acquiring 6.01 million shares or 6.90% of the stake.
Stitch Fix Inc. (SFIX) concluded trading on 05/24/23 at a closing price of $3.50, with 2.55 million shares of worth about $8.93 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.42% during that period and on Wednesday the price saw a gain of about 4.48%. Currently the company’s common shares owned by public are about 113.93M shares, out of which, 80.78M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 17 analysts are covering the SFIX stock and their offered price forecasts bring an average price target of $4.35. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $5.00 and could fall to a lowest price of $3.00. The stock’s current price level is 21.35% above of average price target set by the analysts, while a rise to estimated low would result in loss of -16.67% for the stock. However, touching the estimated high of $5.00 would mean a gain of 30.0% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 35 times over the past 12 months. They bought 3,387,975 shares in 14 of the transactions. In 21 selling transactions, insiders dumped 309,167 shares.
Opportunity Trust, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Stitch Fix Inc. Opportunity Trust is currently holding 3.09 million shares of worth totaling $10.54 million. The company recently came selling -0.91 million shares which brought its stake up to 3.55% of the company’s outstanding shares. iShares Russell 2000 ETF, after selling 1.77 million shares, have now control over 2.03% of the stake in the company. It holds 25920.0 shares of worth $6.04 million.
Stitch Fix Inc. (NASDAQ: SFIX) started trading at $3.44, above $0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 3.5100, or with a gain of 4.48%. Stock saw a price change of 15.89% in past 5 days and over the past one month there was a price change of -6.91%. Year-to-date (YTD), SFIX shares are showing a performance of 12.54% which decreased to -58.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.63 but also hit the highest price of $9.13 during that period. The average intraday trading volume for Stitch Fix Inc. shares is 2.51 million. The stock is currently trading 10.29% above its 20-day simple moving average (SMA20), while that difference is down -14.35% for SMA50 and it goes to -20.16% lower than SMA200.
The Vanguard Group, Inc. acquired 7.94 million shares of Stitch Fix Inc. having value of about $27.09 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 1.79 million shares in the company valued at close to $6278279.0, or have control over 29.17% stake in the company. Stitch Fix Inc. (NASDAQ: SFIX) currently have 113.93M outstanding shares and institutions hold larger chunk of about 90.20% of that. Holding of mutual funds in the company is about 26.17% while other institutional holders and individual stake holders have control over 65.10% and 24.44% of the stake respectively.
The stock has a current market capitalization of $404.04M and its 3Y-monthly beta is at 2.25. It has posted earnings per share of -$2.68 in the same period. It has Quick Ratio of 1.00 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SFIX, volatility over the week remained 8.10% while standing at 7.19% over the month.
Analysts are in expectations that Stitch Fix Inc. (SFIX) stock would likely to be making an EPS of -$0.3 in the current quarter, while forecast for next quarter EPS is -$0.23 and it is -$1.04 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.44 which is -$0.23 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.72 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -799.10% while it is estimated to increase by 35.80% in next year. EPS is likely to shrink at an annualized rate of 29.60% for next 5-years, compared to annual growth of 36.03% made by the stock over the past 5-years.
Analysts at 17 brokerage firms have issued recommendations for the Stitch Fix Inc. (SFIX)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.10. Out of those 17 Wall Street analysts, 0 recommended a “Buy” rating, while 15 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
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