Stitch Fix, Inc. (NASDAQ:SFIX) Receives Average Rating of “Reduce” from Analysts

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have been assigned a consensus rating of “Reduce” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $5.00.

SFIX has been the subject of a number of recent research reports. UBS Group decreased their price target on shares of Stitch Fix from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Wall Street Zen lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Zacks Research cut shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Telsey Advisory Group lowered their price target on Stitch Fix from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, March 12th. Finally, William Blair restated a “mixed” rating on shares of Stitch Fix in a research report on Friday, March 6th.

Insider Activity

In other Stitch Fix news, insider Casey O’connor sold 19,347 shares of the company’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $5.68, for a total value of $109,890.96. Following the sale, the insider owned 542,071 shares of the company’s stock, valued at approximately $3,078,963.28. This represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Aufderhaar sold 24,114 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $5.13, for a total transaction of $123,704.82. Following the completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 191,048 shares of company stock valued at $1,003,739 over the last quarter. Corporate insiders own 16.09% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new stake in Stitch Fix during the third quarter valued at about $32,000. Ameritas Investment Partners Inc. grew its holdings in shares of Stitch Fix by 32.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock worth $40,000 after purchasing an additional 2,645 shares during the period. Creative Planning acquired a new stake in Stitch Fix during the 2nd quarter worth approximately $46,000. CIBC Bancorp USA Inc. acquired a new stake in Stitch Fix during the 3rd quarter worth approximately $50,000. Finally, Farther Finance Advisors LLC raised 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 valued at $51,000 after buying an additional 3,329 shares during the period. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

Stitch Fix Stock Up 0.3%

Shares of NASDAQ:SFIX opened at $3.40 on Friday. The firm’s 50 day moving average price is $3.73 and its 200 day moving average price is $4.40. The stock has a market cap of $464.17 million, a price-to-earnings ratio of -26.15 and a beta of 2.33. Stitch Fix has a fifty-two week low of $2.60 and a fifty-two week high of $5.94.

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

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.