Robert W. Baird reiterated their buy rating on shares of Stitch Fix (NASDAQ:SFIX) in a report released on Tuesday morning, BenzingaRatingsTable reports. Robert W. Baird currently has a $33.00 target price on the stock, up from their prior target price of $28.00.
A number of other analysts also recently weighed in on SFIX. Piper Jaffray Companies reduced their target price on shares of Stitch Fix from $28.00 to $16.00 and set a neutral rating on the stock in a report on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Stitch Fix from $34.00 to $24.00 and set a neutral rating for the company in a research note on Wednesday, October 2nd. Royal Bank of Canada cut their price target on shares of Stitch Fix from $43.00 to $38.00 and set an outperform rating on the stock in a report on Wednesday, October 2nd. Stifel Nicolaus reiterated a buy rating and set a $32.00 target price (up from $28.00) on shares of Stitch Fix in a report on Tuesday. Finally, Barclays cut their target price on Stitch Fix from $32.00 to $22.00 and set an equal weight rating on the stock in a research note on Wednesday, October 2nd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Stitch Fix currently has an average rating of Hold and a consensus price target of $29.69.
Shares of Stitch Fix stock opened at $26.23 on Tuesday. Stitch Fix has a fifty-two week low of $16.05 and a fifty-two week high of $37.72. The company has a market capitalization of $2.45 billion, a P/E ratio of 72.85, a P/E/G ratio of 39.45 and a beta of 3.31. The company has a fifty day moving average of $23.18 and a 200 day moving average of $23.85.
Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Tuesday, October 1st. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. Stitch Fix had a net margin of 2.34% and a return on equity of 10.11%. The business had revenue of $432.10 million during the quarter, compared to the consensus estimate of $432.44 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The business’s revenue was up 35.8% on a year-over-year basis. As a group, analysts anticipate that Stitch Fix will post 0.03 earnings per share for the current fiscal year.
In other Stitch Fix news, CEO Katrina Lake sold 33,334 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $21.64, for a total value of $721,347.76. Following the completion of the transaction, the chief executive officer now owns 61,746 shares in the company, valued at $1,336,183.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Mike C. Smith sold 15,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $21.22, for a total value of $318,300.00. Insiders sold a total of 311,667 shares of company stock valued at $6,933,640 in the last quarter. 47.52% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of SFIX. Captrust Financial Advisors increased its holdings in shares of Stitch Fix by 392.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,230 shares of the company’s stock valued at $39,000 after acquiring an additional 980 shares during the last quarter. Bell Rock Capital LLC acquired a new stake in shares of Stitch Fix in the second quarter valued at approximately $51,000. Valeo Financial Advisors LLC increased its holdings in shares of Stitch Fix by 27.3% in the third quarter. Valeo Financial Advisors LLC now owns 2,749 shares of the company’s stock valued at $53,000 after purchasing an additional 590 shares during the period. AdvisorNet Financial Inc grew its holdings in Stitch Fix by 52.8% during the third quarter. AdvisorNet Financial Inc now owns 2,820 shares of the company’s stock worth $54,000 after acquiring an additional 975 shares during the period. Finally, Griffin Asset Management Inc. acquired a new stake in Stitch Fix in the second quarter valued at $63,000. Institutional investors own 41.77% of the company’s stock.
Stitch Fix Company Profile
Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc in October 2011.
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