Stitch Fix, Inc. (NASDAQ:SFIX) Receives $3.96 Average Target Price from Brokerages

Stitch Fix, Inc. (NASDAQ:SFIX) has been given an average rating of “Reduce” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $3.96.

A number of equities analysts have recently commented on SFIX shares. Canaccord Genuity Group increased their price target on shares of Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. UBS Group increased their target price on Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, Telsey Advisory Group lifted their price target on Stitch Fix from $4.00 to $6.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 11th.

Insider Buying and Selling at Stitch Fix

In other news, Director Katrina Lake sold 725,002 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total transaction of $4,190,511.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony Bacos sold 16,720 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $4.61, for a total transaction of $77,079.20. Following the completion of the transaction, the insider now owns 913,962 shares in the company, valued at $4,213,364.82. This represents a 1.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.95% of the company’s stock.

Institutional Trading of Stitch Fix

Institutional investors have recently modified their holdings of the company. Disciplined Growth Investors Inc. MN increased its holdings in Stitch Fix by 48.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock valued at $38,731,000 after purchasing an additional 4,460,668 shares during the period. Hodges Capital Management Inc. grew its position in shares of Stitch Fix by 34.4% in the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock worth $9,518,000 after buying an additional 864,100 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Stitch Fix by 2,253.6% during the third quarter. Public Employees Retirement System of Ohio now owns 146,750 shares of the company’s stock valued at $414,000 after buying an additional 140,515 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Stitch Fix by 72.7% during the third quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company’s stock valued at $455,000 after acquiring an additional 67,892 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Stitch Fix by 32.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 499,142 shares of the company’s stock valued at $1,408,000 after acquiring an additional 121,084 shares in the last quarter. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

Stitch Fix Stock Up 0.8 %

Shares of NASDAQ SFIX opened at $4.87 on Friday. The stock’s 50-day simple moving average is $4.59 and its two-hundred day simple moving average is $3.93. Stitch Fix has a twelve month low of $2.06 and a twelve month high of $6.99. The firm has a market capitalization of $617.71 million, a P/E ratio of -5.87 and a beta of 1.99.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.09. The company had revenue of $318.82 million for the quarter, compared to analysts’ expectations of $306.88 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. Stitch Fix’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.30) earnings per share. As a group, research analysts anticipate that Stitch Fix will post -0.44 EPS for the current fiscal 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.