Stitch Fix, Inc. (NASDAQ:SFIX) Receives $4.50 Consensus Target Price from Analysts

Stitch Fix, Inc. (NASDAQ:SFIX) has been given a consensus rating of “Reduce” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and five 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 $4.50.

Separately, Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 price objective on shares of Stitch Fix in a research report on Wednesday, March 12th.

Stitch Fix Stock Performance

SFIX opened at $3.07 on Wednesday. The company has a market capitalization of $395.41 million, a PE ratio of -3.70 and a beta of 2.03. The stock’s fifty day moving average is $4.07 and its 200-day moving average is $4.03. Stitch Fix has a one year low of $2.06 and a one year high of $6.99.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.06. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The firm had revenue of $312.11 million for the quarter, compared to analysts’ expectations of $298.04 million. During the same period in the previous year, the business earned ($0.29) earnings per share. Stitch Fix’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Stitch Fix will post -0.44 EPS for the current fiscal year.

Insider Activity

In related news, insider Casey O’connor sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $3.04, for a total value of $152,000.00. Following the completion of the sale, the insider now owns 575,755 shares of the company’s stock, valued at approximately $1,750,295.20. The trade was a 7.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 16.95% of the stock is currently owned by corporate insiders.

Institutional Trading of Stitch Fix

A number of institutional investors have recently added to or reduced their stakes in SFIX. Disciplined Growth Investors Inc. MN raised its holdings in shares of Stitch Fix by 48.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock valued at $38,731,000 after purchasing an additional 4,460,668 shares in the last quarter. Vanguard Group Inc. raised its holdings in Stitch Fix by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company’s stock valued at $27,882,000 after buying an additional 457,568 shares in the last quarter. Cooper Creek Partners Management LLC lifted its position in shares of Stitch Fix by 1,405.2% in the fourth quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company’s stock worth $18,418,000 after buying an additional 3,989,362 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Stitch Fix by 142.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,464,863 shares of the company’s stock worth $10,624,000 after buying an additional 1,449,941 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Stitch Fix by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 2,459,014 shares of the company’s stock worth $10,601,000 after acquiring an additional 164,089 shares in the last quarter. 71.04% of the stock is currently owned by institutional investors and hedge funds.

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.