Stitch Fix (NASDAQ:SFIX) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Stitch Fix (NASDAQ:SFIX) in a research report report published on Thursday morning,Benzinga reports. They currently have a $6.00 target price on the stock.

A number of other analysts also recently commented on SFIX. William Blair upgraded Stitch Fix from a “market perform” rating to an “outperform” rating in a research note on Monday, July 14th. Zacks Research upgraded Stitch Fix to a “hold” rating in a research note on Monday, August 11th. Wall Street Zen downgraded Stitch Fix from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Finally, UBS Group restated a “neutral” rating on shares of Stitch Fix in a research note on Wednesday, September 17th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Stitch Fix currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Stitch Fix Stock Down 16.5%

Stitch Fix stock opened at $4.71 on Thursday. Stitch Fix has a 52 week low of $2.21 and a 52 week high of $6.99. The company has a market capitalization of $614.61 million, a price-to-earnings ratio of -20.48 and a beta of 2.03. The stock has a 50-day moving average price of $5.18 and a 200 day moving average price of $4.24.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Wednesday, September 24th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. Stitch Fix had a negative return on equity of 18.15% and a negative net margin of 4.44%.The firm had revenue of $311.23 million for the quarter, compared to the consensus estimate of $307.15 million. During the same quarter in the prior year, the business earned ($0.30) earnings per share. The company’s revenue was down 2.6% compared to the same quarter last year. Stitch Fix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts anticipate that Stitch Fix will post -0.44 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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 completion of the transaction, the chief financial officer owned 937,338 shares of the company’s stock, valued at approximately $4,780,423.80. This represents a 2.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Katrina Lake sold 453,485 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $5.06, for a total value of $2,294,634.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,047,536 shares of company stock worth $5,350,202. 16.95% of the stock is owned by company insiders.

Hedge Funds Weigh In On Stitch Fix

Hedge funds have recently made changes to their positions in the company. Wescott Financial Advisory Group LLC acquired a new position in shares of Stitch Fix during the first quarter valued at approximately $32,000. First Dallas Securities Inc. acquired a new position in shares of Stitch Fix during the second quarter valued at approximately $37,000. Ameritas Investment Partners Inc. raised its holdings in shares of Stitch Fix by 32.3% during the second quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock valued at $40,000 after acquiring an additional 2,645 shares during the last quarter. 111 Capital acquired a new position in shares of Stitch Fix during the second quarter valued at approximately $44,000. Finally, Creative Planning acquired a new position in shares of Stitch Fix during the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 71.04% of the company’s stock.

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.