Stitch Fix, Inc. (NASDAQ:SFIX) Receives $3.96 Consensus Target Price from Analysts

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have received a consensus recommendation of “Reduce” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $3.96.

SFIX has been the subject of several recent analyst reports. Telsey Advisory Group lifted their price objective on shares of Stitch Fix from $4.00 to $6.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 11th. UBS Group lifted their price target on shares of Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Finally, Canaccord Genuity Group increased their price objective on shares of Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th.

Insider Activity at Stitch Fix

In other Stitch Fix news, insider Anthony Bacos sold 16,720 shares of Stitch Fix stock in a transaction on Friday, December 13th. The stock was sold at an average price of $4.61, for a total transaction of $77,079.20. Following the completion of the sale, the insider now directly owns 913,962 shares of the company’s stock, valued at $4,213,364.82. The trade was a 1.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Katrina Lake sold 725,002 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total value of $4,190,511.56. The disclosure for this sale can be found here. 16.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Stitch Fix

Several large investors have recently modified their holdings of SFIX. Disciplined Growth Investors Inc. MN increased its holdings in Stitch Fix by 48.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock valued at $38,731,000 after buying an additional 4,460,668 shares during the period. Renaissance Technologies LLC boosted its position in Stitch Fix by 11.7% during the 2nd quarter. Renaissance Technologies LLC now owns 4,432,600 shares of the company’s stock valued at $18,395,000 after acquiring an additional 465,900 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in shares of Stitch Fix by 34.4% in the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock valued at $9,518,000 after acquiring an additional 864,100 shares during the period. Geode Capital Management LLC raised its position in shares of Stitch Fix by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,294,925 shares of the company’s stock worth $6,473,000 after acquiring an additional 83,220 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Stitch Fix during the 3rd quarter worth $2,862,000. Institutional investors own 71.04% of the company’s stock.

Stitch Fix Trading Up 3.4 %

Shares of NASDAQ SFIX opened at $4.52 on Monday. The stock has a market capitalization of $573.31 million, a price-to-earnings ratio of -5.45 and a beta of 1.99. Stitch Fix has a 12-month low of $2.06 and a 12-month high of $6.99. The firm’s 50-day moving average price is $4.08 and its 200-day moving average price is $3.82.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The business had revenue of $318.82 million for the quarter, compared to the consensus estimate of $306.88 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.30) earnings per share. On average, equities analysts predict that Stitch Fix will post -0.46 EPS for the current fiscal year.

About Stitch Fix

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.