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

Stitch Fix, Inc. (NASDAQ:SFIX) has earned a consensus recommendation of “Reduce” from the five analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $5.00.

Several equities research analysts recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Stitch Fix in a research report on Thursday, January 22nd. Wall Street Zen lowered Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. William Blair restated a “mixed” rating on shares of Stitch Fix in a report on Friday, March 6th. Telsey Advisory Group reduced their price objective on shares of Stitch Fix from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, March 12th. Finally, Zacks Research lowered shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th.

Stitch Fix Stock Down 2.9%

Shares of NASDAQ SFIX opened at $3.33 on Friday. The company has a market capitalization of $454.61 million, a PE ratio of -25.62 and a beta of 2.30. Stitch Fix has a twelve month low of $2.60 and a twelve month high of $5.94. The firm has a fifty day simple moving average of $3.88 and a 200 day simple moving average of $4.46.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. Stitch Fix had a negative net margin of 1.89% and a negative return on equity of 12.23%. The business had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $334.74 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that Stitch Fix will post -0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Stitch Fix news, insider Casey O’connor sold 19,347 shares of Stitch Fix stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $5.68, for a total value of $109,890.96. Following the completion of the sale, the insider directly owned 542,071 shares of the company’s stock, valued at approximately $3,078,963.28. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David Aufderhaar sold 24,114 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $5.13, for a total transaction of $123,704.82. Following the transaction, the chief financial officer owned 1,251,862 shares in the company, valued at $6,422,052.06. This represents a 1.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 191,048 shares of company stock worth $1,003,739. 16.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Fund 1 Investments LLC raised its position in shares of Stitch Fix by 44.6% during the second quarter. Fund 1 Investments LLC now owns 9,943,821 shares of the company’s stock worth $36,792,000 after purchasing an additional 3,064,901 shares during the period. Working Capital Advisors UK Ltd. increased its stake in Stitch Fix by 15.9% during the 3rd quarter. Working Capital Advisors UK Ltd. now owns 11,046,077 shares of the company’s stock valued at $48,050,000 after purchasing an additional 1,512,475 shares in the last quarter. State of Michigan Retirement System increased its stake in Stitch Fix by 122.3% during the 3rd quarter. State of Michigan Retirement System now owns 726,983 shares of the company’s stock valued at $3,162,000 after purchasing an additional 400,000 shares in the last quarter. SG Americas Securities LLC raised its holdings in Stitch Fix by 53.1% during the second 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 last quarter. Finally, Hodges Capital Management Inc. raised its holdings in Stitch Fix by 20.0% during the third quarter. Hodges Capital Management Inc. now owns 1,737,556 shares of the company’s stock worth $7,558,000 after buying an additional 289,905 shares during the last quarter. 71.04% of the stock is owned by institutional investors and hedge funds.

Stitch Fix Company Profile

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.