Stitch Fix, Inc. (NASDAQ:SFIX) Receives $5.67 Consensus Target Price from Analysts

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have been given a consensus rating of “Hold” by the five research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $5.6667.

A number of research firms recently commented on SFIX. Zacks Research upgraded shares of Stitch Fix to a “hold” rating in a report on Monday, August 11th. William Blair upgraded shares of Stitch Fix from a “market perform” rating to an “outperform” rating in a report on Monday, July 14th. Telsey Advisory Group restated a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a report on Wednesday, June 11th. Finally, Wall Street Zen lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd.

Stitch Fix Price Performance

NASDAQ SFIX opened at $5.47 on Wednesday. The company’s 50 day simple moving average is $4.93 and its 200 day simple moving average is $4.18. Stitch Fix has a 12 month low of $2.21 and a 12 month high of $6.99. The company has a market capitalization of $713.78 million, a P/E ratio of -11.89 and a beta of 2.03.

Stitch Fix (NASDAQ:SFIX) last released its earnings results on Wednesday, June 11th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.05. Stitch Fix had a negative net margin of 4.44% and a negative return on equity of 18.15%. During the same period in the prior year, the company posted ($0.18) EPS. Stitch Fix’s revenue was up .7% compared to the same quarter last year. On average, analysts anticipate that Stitch Fix will post -0.44 earnings per share for the current year.

Insider Activity

In other news, CFO David Aufderhaar sold 20,538 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $5.10, for a total value of $104,743.80. Following the transaction, the chief financial officer owned 937,338 shares in the company, valued at $4,780,423.80. This represents a 2.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Katrina Lake sold 151,150 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $5.03, for a total value of $760,284.50. The disclosure for this sale can be found here. Insiders have sold 957,536 shares of company stock worth $4,845,302 over the last three months. 16.95% of the stock is owned by insiders.

Institutional Trading of Stitch Fix

Several institutional investors have recently made changes to their positions in the stock. State of Wyoming boosted its holdings in shares of Stitch Fix by 170.4% during the second quarter. State of Wyoming now owns 68,243 shares of the company’s stock worth $252,000 after purchasing an additional 43,001 shares during the period. Nomura Holdings Inc. bought a new position in Stitch Fix during the second quarter valued at approximately $462,000. Tower Research Capital LLC TRC raised its position in Stitch Fix by 171.0% during the second quarter. Tower Research Capital LLC TRC now owns 36,553 shares of the company’s stock valued at $135,000 after acquiring an additional 23,066 shares in the last quarter. Captrust Financial Advisors raised its position in Stitch Fix by 14.5% during the second quarter. Captrust Financial Advisors now owns 500,326 shares of the company’s stock valued at $1,851,000 after acquiring an additional 63,348 shares in the last quarter. Finally, Shay Capital LLC bought a new position in Stitch Fix during the second quarter valued at approximately $3,570,000. 71.04% of the stock is currently owned by institutional investors and hedge funds.

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.