Stitch Fix, Inc. (NASDAQ:SFIX) Receives $5.33 Average Target Price from Brokerages

Stitch Fix, Inc. (NASDAQ:SFIX) has been given a consensus rating of “Reduce” by the five research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $5.3333.

A number of equities research analysts have recently weighed in on SFIX shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a report on Wednesday. UBS Group lowered their target price on Stitch Fix from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stitch Fix in a research note on Thursday, January 22nd. Zacks Research lowered Stitch Fix from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Finally, William Blair reissued a “mixed” rating on shares of Stitch Fix in a research note on Friday.

Insiders Place Their Bets

In other news, CFO David Aufderhaar sold 24,114 shares of Stitch Fix stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $5.13, for a total value of $123,704.82. Following the transaction, the chief financial officer owned 1,251,862 shares of the company’s stock, valued at $6,422,052.06. The trade was a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Katrina Lake sold 8,835 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $5.01, for a total transaction of $44,263.35. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 191,048 shares of company stock worth $1,003,739. 16.09% of the stock is owned by corporate insiders.

Institutional Trading of Stitch Fix

A number of large investors have recently added to or reduced their stakes in SFIX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Stitch Fix by 7.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,270 shares of the company’s stock valued at $199,000 after purchasing an additional 3,993 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Stitch Fix by 23.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 938,473 shares of the company’s stock worth $3,472,000 after purchasing an additional 175,681 shares in the last quarter. First Dallas Securities Inc. purchased a new position in Stitch Fix in the 2nd quarter worth about $37,000. Geode Capital Management LLC raised its holdings in Stitch Fix by 7.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,609,599 shares of the company’s stock worth $9,657,000 after buying an additional 174,426 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Stitch Fix by 53.1% during the 2nd quarter. SG Americas Securities LLC now owns 84,278 shares of the company’s stock worth $312,000 after buying an additional 29,248 shares during the period. 71.04% of the stock is currently owned by institutional investors.

Stitch Fix Stock Down 0.6%

Shares of NASDAQ SFIX opened at $3.23 on Wednesday. The stock has a market capitalization of $433.47 million, a P/E ratio of -20.19 and a beta of 2.30. The firm’s 50-day moving average price is $4.46 and its two-hundred day moving average price is $4.68. Stitch Fix has a 52-week low of $2.60 and a 52-week high of $5.94.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings results on Thursday, December 4th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). The business had revenue of $342.13 million for the quarter, compared to analysts’ expectations of $335.74 million. Stitch Fix had a negative return on equity of 14.38% and a negative net margin of 2.23%.The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) EPS. As a group, equities research analysts expect that Stitch Fix will post -0.44 earnings per share for the current year.

About Stitch Fix

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.