Stitch Fix (NASDAQ:SFIX – Get Free Report)‘s stock had its “market perform” rating restated by investment analysts at Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They currently have a $4.00 price target on the stock. Telsey Advisory Group’s price objective would indicate a potential downside of 9.91% from the company’s current price.
Other research analysts also recently issued reports about the stock. UBS Group decreased their target price on shares of Stitch Fix from $3.80 to $2.80 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Canaccord Genuity Group boosted their price objective on shares of Stitch Fix from $3.50 to $5.00 and gave the company a “hold” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.40.
Check Out Our Latest Stock Analysis on Stitch Fix
Stitch Fix Price Performance
Stitch Fix (NASDAQ:SFIX – Get Free Report) last posted its quarterly earnings results on Tuesday, September 24th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.07. The firm had revenue of $319.55 million for the quarter, compared to the consensus estimate of $317.48 million. Stitch Fix had a negative net margin of 9.63% and a negative return on equity of 40.62%. As a group, research analysts anticipate that Stitch Fix will post -0.61 earnings per share for the current year.
Hedge Funds Weigh In On Stitch Fix
A number of hedge funds have recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN raised its position in Stitch Fix by 34.9% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 9,273,817 shares of the company’s stock worth $38,486,000 after buying an additional 2,396,920 shares during the last quarter. CWM LLC raised its position in Stitch Fix by 132.5% in the 2nd quarter. CWM LLC now owns 11,867 shares of the company’s stock worth $49,000 after buying an additional 6,762 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Stitch Fix by 32.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 499,142 shares of the company’s stock worth $1,408,000 after buying an additional 121,084 shares during the last quarter. Hodges Capital Management Inc. raised its position 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 during the last quarter. Finally, Renaissance Technologies LLC raised its position in Stitch Fix by 11.7% in the 2nd quarter. Renaissance Technologies LLC now owns 4,432,600 shares of the company’s stock worth $18,395,000 after buying an additional 465,900 shares during the last quarter. Institutional investors own 71.04% of the company’s stock.
About Stitch Fix
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.
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