Stitch Fix (NASDAQ:SFIX) Hits New 1-Year Low at $4.62

Stitch Fix, Inc. (NASDAQ:SFIXGet Rating)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $4.62 and last traded at $4.69, with a volume of 48868 shares. The stock had previously closed at $4.93.

Analysts Set New Price Targets

SFIX has been the topic of several recent analyst reports. UBS Group reissued a “hold” rating and set a $10.00 target price on shares of Stitch Fix in a report on Friday, June 10th. Stifel Nicolaus decreased their price target on shares of Stitch Fix from $9.00 to $7.00 in a research report on Tuesday, June 28th. Piper Sandler reiterated an “underweight” rating on shares of Stitch Fix in a research report on Friday, July 22nd. Morgan Stanley lowered their price objective on shares of Stitch Fix from $9.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, June 10th. Finally, Wedbush decreased their target price on shares of Stitch Fix from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Friday, June 10th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.95.

Stitch Fix Price Performance

The firm has a market cap of $517.05 million, a P/E ratio of -5.76 and a beta of 1.96. The stock’s 50 day moving average is $5.98 and its two-hundred day moving average is $7.75.

Insider Activity at Stitch Fix

In other news, Director J William Gurley acquired 1,000,000 shares of the firm’s stock in a transaction on Friday, July 8th. The shares were purchased at an average cost of $5.43 per share, with a total value of $5,430,000.00. Following the completion of the purchase, the director now owns 2,149,762 shares of the company’s stock, valued at $11,673,207.66. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 27.01% of the stock is currently owned by insiders.

Institutional Trading of Stitch Fix

Several large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its stake in Stitch Fix by 56.6% during the second quarter. Federated Hermes Inc. now owns 2,858,763 shares of the company’s stock worth $14,122,000 after buying an additional 1,033,699 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Stitch Fix during the second quarter valued at approximately $56,000. Prelude Capital Management LLC bought a new stake in shares of Stitch Fix during the second quarter valued at approximately $63,000. Captrust Financial Advisors grew its stake in shares of Stitch Fix by 9.3% during the second quarter. Captrust Financial Advisors now owns 24,541 shares of the company’s stock valued at $121,000 after purchasing an additional 2,094 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Stitch Fix by 35.1% during the second quarter. Legal & General Group Plc now owns 80,370 shares of the company’s stock valued at $397,000 after purchasing an additional 20,867 shares during the last quarter. 73.41% of the stock is owned by institutional investors.

Stitch Fix Company Profile

(Get Rating)

Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile application 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.

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