Stitch Fix Inc (NASDAQ:SFIX)’s share price traded up 5.5% during mid-day trading on Monday . The stock traded as high as $23.76 and last traded at $23.34. 2,758,379 shares traded hands during mid-day trading, an increase of 49% from the average session volume of 1,857,379 shares. The stock had previously closed at $22.13.

Several equities analysts have recently issued reports on the company. TheStreet cut Stitch Fix from a “c-” rating to a “d+” rating in a report on Monday, May 6th. Wells Fargo & Co boosted their price objective on Stitch Fix from $22.00 to $30.00 and gave the company a “market perform” rating in a report on Wednesday, March 13th. Zacks Investment Research raised Stitch Fix from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Thursday, March 14th. Piper Jaffray Companies boosted their price objective on Stitch Fix from $20.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, KeyCorp boosted their price objective on Stitch Fix from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, March 12th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $37.00.

The company has a market cap of $2.47 billion, a price-to-earnings ratio of 61.74, a PEG ratio of 4.50 and a beta of 3.10.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings results on Monday, March 11th. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.07. Stitch Fix had a return on equity of 15.47% and a net margin of 3.67%. The firm had revenue of $370.28 million during the quarter, compared to analyst estimates of $365.28 million. Sell-side analysts predict that Stitch Fix Inc will post 0.22 earnings per share for the current year.

In related news, insider Scott Darling sold 2,000 shares of Stitch Fix stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $28.48, for a total value of $56,960.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Katrina Lake sold 100,000 shares of Stitch Fix stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $25.87, for a total value of $2,587,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,309,102 shares of company stock valued at $38,745,400. 56.97% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc purchased a new stake in Stitch Fix during the 4th quarter worth approximately $29,000. Botty Investors LLC purchased a new stake in Stitch Fix during the 1st quarter worth approximately $61,000. Capital Investment Advisory Services LLC purchased a new stake in Stitch Fix during the 4th quarter worth approximately $62,000. Victory Capital Management Inc. purchased a new stake in Stitch Fix during the 1st quarter worth approximately $134,000. Finally, FNY Investment Advisers LLC purchased a new stake in Stitch Fix during the 1st quarter worth approximately $141,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

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About Stitch Fix (NASDAQ:SFIX)

Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app 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. and changed its name to Stitch Fix, Inc in October 2011.

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