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

Stitch Fix, Inc. (NASDAQ:SFIX) has been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.6667.

SFIX has been the topic of a number of recent research reports. Telsey Advisory Group reissued a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a research note on Wednesday, June 11th. Zacks Research raised Stitch Fix to a “hold” rating in a research note on Monday, August 11th. William Blair raised Stitch Fix from a “market perform” rating to an “outperform” rating in a research note on Monday, July 14th. 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

SFIX stock opened at $5.47 on Wednesday. The company has a 50 day simple moving average of $4.93 and a 200 day simple moving average of $4.18. The stock has a market cap of $713.78 million, a price-to-earnings ratio of -11.89 and a beta of 2.03. Stitch Fix has a 1 year low of $2.21 and a 1 year high of $6.99.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Wednesday, June 11th. The company reported ($0.06) earnings per share (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%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.18) earnings per share. On average, equities research analysts anticipate that Stitch Fix will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling at Stitch Fix

In other Stitch Fix news, Director Katrina Lake sold 151,150 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $5.03, for a total transaction of $760,284.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anthony Bacos sold 90,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $5.00, for a total transaction of $450,000.00. Following the sale, the insider directly owned 829,966 shares in the company, valued at $4,149,830. The trade was a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 957,536 shares of company stock valued at $4,845,302. 16.95% of the stock is owned by insiders.

Institutional Investors Weigh In On Stitch Fix

A number of institutional investors have recently added to or reduced their stakes in the business. State of Wyoming grew its holdings in Stitch Fix by 170.4% during the 2nd quarter. State of Wyoming now owns 68,243 shares of the company’s stock worth $252,000 after acquiring an additional 43,001 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Stitch Fix in the 2nd quarter worth approximately $462,000. Tower Research Capital LLC TRC lifted its position in shares of Stitch Fix by 171.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 36,553 shares of the company’s stock worth $135,000 after purchasing an additional 23,066 shares during the period. Captrust Financial Advisors lifted its position in shares of Stitch Fix by 14.5% in the 2nd quarter. Captrust Financial Advisors now owns 500,326 shares of the company’s stock worth $1,851,000 after purchasing an additional 63,348 shares during the period. Finally, Shay Capital LLC acquired a new position in shares of Stitch Fix in the 2nd quarter worth approximately $3,570,000. 71.04% of the stock is owned by institutional investors.

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.