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

Stitch Fix, Inc. (NASDAQ:SFIX) has been assigned an average rating of “Reduce” from the five brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $5.3333.

SFIX has been the subject of several recent research reports. William Blair restated a “mixed” rating on shares of Stitch Fix in a research report on Friday. Zacks Research downgraded Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. UBS Group cut their target price on Stitch Fix from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Stitch Fix in a research note on Thursday, January 22nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday, March 4th.

Stitch Fix Trading Down 0.6%

Shares of SFIX stock opened at $3.23 on Wednesday. The firm has a market capitalization of $433.47 million, a price-to-earnings ratio of -20.19 and a beta of 2.31. The business’s 50-day moving average price is $4.46 and its 200-day moving average price is $4.67. Stitch Fix has a 12 month low of $2.60 and a 12 month high of $5.94.

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

Insider Transactions at Stitch Fix

In other news, insider Casey O’connor sold 83,641 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $5.16, for a total value of $431,587.56. Following the sale, the insider directly owned 542,071 shares of the company’s stock, valued at approximately $2,797,086.36. This represents a 13.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David Aufderhaar sold 24,114 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $5.13, for a total transaction of $123,704.82. Following the sale, the chief financial officer owned 1,251,862 shares of the company’s stock, valued at approximately $6,422,052.06. This trade represents a 1.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 191,048 shares of company stock worth $1,003,739. Company insiders own 16.09% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in shares of Stitch Fix during the 3rd quarter valued at about $32,000. Farther Finance Advisors LLC increased its holdings in Stitch Fix by 52.1% in the fourth quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company’s stock worth $51,000 after purchasing an additional 3,329 shares in the last quarter. First Dallas Securities Inc. bought a new stake in Stitch Fix in the second quarter worth approximately $37,000. Ameritas Investment Partners Inc. lifted its stake in Stitch Fix by 32.3% in the second quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock valued at $40,000 after buying an additional 2,645 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Stitch Fix by 324.6% during the 4th quarter. Royal Bank of Canada now owns 10,998 shares of the company’s stock worth $57,000 after buying an additional 8,408 shares in the last quarter. 71.04% of the stock is owned by institutional investors.

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.