Stitch Fix, Inc. (NASDAQ:SFIX) Receives Consensus Rating of “Hold” from Brokerages

Stitch Fix, Inc. (NASDAQ:SFIX) has been assigned an average rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.1250.

A number of equities research analysts have recently weighed in on SFIX shares. Wall Street Zen downgraded Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded Stitch Fix from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. UBS Group raised their price objective on Stitch Fix from $4.00 to $4.50 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Finally, Northland Securities initiated coverage on shares of Stitch Fix in a report on Thursday, May 28th. They issued an “outperform” rating and a $5.00 price objective for the company.

Insider Transactions at Stitch Fix

In related news, insider Anthony Bacos sold 100,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $4.51, for a total transaction of $451,000.00. Following the completion of the sale, the insider owned 1,071,994 shares of the company’s stock, valued at $4,834,692.94. This represents a 8.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Aufderhaar sold 67,960 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $3.79, for a total transaction of $257,568.40. Following the sale, the chief financial officer owned 1,102,369 shares in the company, valued at approximately $4,177,978.51. This trade represents a 5.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 657,971 shares of company stock worth $2,638,517. Insiders own 16.09% of the company’s stock.

Hedge Funds Weigh In On Stitch Fix

Large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Stitch Fix by 7.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,270 shares of the company’s stock valued at $199,000 after acquiring an additional 3,993 shares during the period. Creative Planning acquired a new stake in shares of Stitch Fix during the 2nd quarter worth approximately $46,000. Rhumbline Advisers lifted its holdings in shares of Stitch Fix by 8.4% in the 2nd quarter. Rhumbline Advisers now owns 158,130 shares of the company’s stock worth $585,000 after purchasing an additional 12,190 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Stitch Fix by 5.5% in the 2nd quarter. American Century Companies Inc. now owns 222,670 shares of the company’s stock worth $824,000 after purchasing an additional 11,611 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Stitch Fix in the 2nd quarter worth approximately $189,000. Institutional investors own 71.04% of the company’s stock.

Stitch Fix Stock Down 2.0%

Shares of Stitch Fix stock opened at $4.02 on Friday. The firm has a market cap of $536.39 million, a P/E ratio of -50.25 and a beta of 2.26. Stitch Fix has a fifty-two week low of $2.95 and a fifty-two week high of $5.94. The business has a 50-day moving average price of $3.85 and a 200 day moving average price of $3.81.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Wednesday, June 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.05. Stitch Fix had a negative return on equity of 9.35% and a negative net margin of 1.43%.The firm had revenue of $340.28 million for the quarter, compared to analysts’ expectations of $333.51 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. Stitch Fix’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Stitch Fix will post -0.14 earnings per share for the current year.

About Stitch Fix

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.