Analysts Set Stitch Fix, Inc. (NASDAQ:SFIX) Price Target at $5.06

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have received an average recommendation of “Reduce” from the thirteen brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $5.06.

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $5.00 price target on shares of Stitch Fix in a research report on Tuesday.

Insider Buying and Selling

In other Stitch Fix news, insider Casey O’connor sold 9,262 shares of the company’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $4.21, for a total value of $38,993.02. Following the completion of the transaction, the insider now directly owns 284,346 shares of the company’s stock, valued at approximately $1,197,096.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 28.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Stitch Fix

A number of institutional investors have recently made changes to their positions in SFIX. Cambridge Investment Research Advisors Inc. acquired a new stake in Stitch Fix in the first quarter valued at $160,000. MetLife Investment Management LLC lifted its position in shares of Stitch Fix by 55.4% during the first quarter. MetLife Investment Management LLC now owns 43,873 shares of the company’s stock worth $442,000 after purchasing an additional 15,644 shares during the last quarter. Vanguard Group Inc. grew its stake in Stitch Fix by 6.5% in the first quarter. Vanguard Group Inc. now owns 7,964,510 shares of the company’s stock worth $80,203,000 after purchasing an additional 483,213 shares in the last quarter. Ergoteles LLC increased its holdings in Stitch Fix by 231.6% in the first quarter. Ergoteles LLC now owns 98,779 shares of the company’s stock valued at $995,000 after buying an additional 68,986 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in Stitch Fix by 212.1% during the first quarter. Federated Hermes Inc. now owns 1,825,064 shares of the company’s stock valued at $18,378,000 after buying an additional 1,240,320 shares in the last quarter. 67.49% of the stock is owned by institutional investors and hedge funds.

Stitch Fix Stock Up 0.1 %

Shares of NASDAQ SFIX opened at $3.35 on Tuesday. Stitch Fix has a 52-week low of $2.63 and a 52-week high of $6.03. The firm has a fifty day moving average of $4.16 and a 200-day moving average of $4.13. The stock has a market capitalization of $380.55 million, a PE ratio of -1.55 and a beta of 2.24.

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.