Stitch Fix, Inc. (NASDAQ:SFIX) Given Average Rating of “Reduce” by Analysts

Stitch Fix, Inc. (NASDAQ:SFIX) has received an average rating of “Reduce” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $3.45.

Several equities analysts recently issued reports on the company. UBS Group upped their price objective on Stitch Fix from $2.80 to $3.80 and gave the company a “neutral” rating in a research report on Monday, July 8th. Canaccord Genuity Group upped their price objective on Stitch Fix from $3.50 to $4.50 and gave the company a “hold” rating in a research report on Thursday, June 27th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 price objective on shares of Stitch Fix in a research report on Thursday, May 30th. Truist Financial upped their price objective on Stitch Fix from $3.50 to $4.00 and gave the company a “hold” rating in a research report on Wednesday, June 5th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $3.00 price objective on shares of Stitch Fix in a research report on Wednesday, June 5th.

Insider Activity

In other news, Director Katrina Lake sold 537,007 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $5.01, for a total value of $2,690,405.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Sarah Barkema sold 30,000 shares of the company’s stock in a transaction on 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 approximately $405,920.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Katrina Lake sold 537,007 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $5.01, for a total value of $2,690,405.07. The disclosure for this sale can be found here. Insiders have sold 656,663 shares of company stock valued at $3,213,892 in the last ninety days. 25.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Stitch Fix

A number of institutional investors have recently bought and sold shares of SFIX. Maple Rock Capital Partners Inc. purchased a new stake in Stitch Fix in the 1st quarter worth $8,994,000. Hodges Capital Management Inc. increased its stake in Stitch Fix by 286.2% in the 2nd quarter. Hodges Capital Management Inc. now owns 2,511,100 shares of the company’s stock worth $10,421,000 after buying an additional 1,860,950 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Stitch Fix by 673.2% in the 1st quarter. Los Angeles Capital Management LLC now owns 516,782 shares of the company’s stock worth $1,364,000 after buying an additional 449,948 shares in the last quarter. Vanguard Group Inc. increased its stake in Stitch Fix by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,856,137 shares of the company’s stock worth $20,204,000 after buying an additional 231,975 shares in the last quarter. Finally, Fund 1 Investments LLC increased its stake in Stitch Fix by 362.1% in the 4th quarter. Fund 1 Investments LLC now owns 204,960 shares of the company’s stock worth $732,000 after buying an additional 160,604 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Stitch Fix Stock Up 4.4 %

Shares of SFIX opened at $3.54 on Friday. The business’s 50 day moving average price is $4.03 and its 200-day moving average price is $3.15. Stitch Fix has a 52 week low of $2.06 and a 52 week high of $5.05. The stock has a market cap of $433.09 million, a P/E ratio of -3.47 and a beta of 1.97.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Tuesday, June 4th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.10. Stitch Fix had a negative return on equity of 41.40% and a negative net margin of 8.68%. The firm had revenue of $322.73 million for the quarter, compared to analysts’ expectations of $305.93 million. On average, equities analysts anticipate that Stitch Fix will post -0.73 EPS for the current year.

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.