Stitch Fix, Inc. (NASDAQ:SFIX) Given Average Recommendation of “Hold” by Analysts

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy 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 $6.00.

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein restated a “market perform” rating and issued a $6.00 target price on shares of Stitch Fix in a report on Thursday, September 25th. Wall Street Zen raised Stitch Fix from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Zacks Research lowered Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stitch Fix in a research report on Wednesday, October 8th. Finally, UBS Group reissued a “neutral” rating on shares of Stitch Fix in a research report on Wednesday, September 17th.

Stitch Fix Price Performance

SFIX stock opened at $5.28 on Friday. The company’s 50-day moving average is $4.49 and its 200-day moving average is $4.63. The stock has a market capitalization of $708.57 million, a PE ratio of -33.00 and a beta of 2.22. Stitch Fix has a 1 year low of $2.60 and a 1 year high of $5.94.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Thursday, December 4th. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). Stitch Fix had a negative return on equity of 14.38% and a negative net margin of 2.23%.The business had revenue of $342.13 million during the quarter, compared to analyst estimates of $335.74 million. During the same period in the previous year, the company posted ($0.03) EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, analysts anticipate that Stitch Fix will post -0.44 earnings per share for the current fiscal year.

Insider Activity

In other Stitch Fix news, Director Katrina Lake sold 303,450 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $5.19, for a total value of $1,574,905.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Casey O’connor sold 50,000 shares of Stitch Fix stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $4.41, for a total transaction of $220,500.00. Following the transaction, the insider directly owned 431,441 shares in the company, valued at approximately $1,902,654.81. This represents a 10.39% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 16.09% of the company’s stock.

Institutional Trading of Stitch Fix

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wescott Financial Advisory Group LLC purchased a new position in Stitch Fix in the first quarter worth $32,000. State of Alaska Department of Revenue bought a new stake in shares of Stitch Fix during the 3rd quarter worth $32,000. First Dallas Securities Inc. bought a new stake in shares of Stitch Fix during the 2nd quarter worth $37,000. Ameritas Investment Partners Inc. boosted its holdings in shares of Stitch Fix by 32.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock worth $40,000 after buying an additional 2,645 shares during the last quarter. Finally, 111 Capital bought a new position in Stitch Fix during the second quarter valued at about $44,000. 71.04% of the stock is owned by hedge funds and other 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.