Shares of Stitch Fix Inc (NASDAQ:SFIX) have earned an average rating of “Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $35.40.
Several research analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of ACADIA Pharmaceuticals in a report on Monday, July 1st. Royal Bank of Canada dropped their target price on shares of Stitch Fix from $52.00 to $43.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. TheStreet upgraded shares of Stitch Fix from a “d” rating to a “c-” rating in a report on Wednesday, June 26th. JPMorgan Chase & Co. set a €49.00 ($56.98) target price on shares of Deutsche Wohnen and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, Zacks Investment Research cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, June 8th.
SFIX traded up $0.92 during trading on Wednesday, hitting $28.57. The stock had a trading volume of 232,895 shares, compared to its average volume of 2,877,206. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 72.76, a P/E/G ratio of 3.81 and a beta of 3.25. The business has a 50-day moving average of $28.43. Stitch Fix has a twelve month low of $16.05 and a twelve month high of $52.44.
Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.10. Stitch Fix had a net margin of 3.27% and a return on equity of 13.77%. The company had revenue of $409.00 million during the quarter, compared to the consensus estimate of $395.06 million. During the same quarter last year, the company earned $0.09 earnings per share. Stitch Fix’s revenue for the quarter was up 29.1% on a year-over-year basis. Sell-side analysts forecast that Stitch Fix will post 0.32 EPS for the current year.
In other news, CEO Katrina Lake sold 100,000 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $26.18, for a total value of $2,618,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Scott Darling sold 2,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $27.08, for a total transaction of $54,160.00. The disclosure for this sale can be found here. Insiders sold 1,017,037 shares of company stock worth $29,094,517 in the last 90 days. 56.97% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Weaver Consulting Group acquired a new position in Stitch Fix in the 1st quarter valued at $28,000. Botty Investors LLC acquired a new stake in shares of Stitch Fix during the 1st quarter worth approximately $61,000. Valeo Financial Advisors LLC grew its holdings in shares of Stitch Fix by 30.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,159 shares of the company’s stock worth $69,000 after purchasing an additional 502 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Stitch Fix during the 1st quarter worth approximately $134,000. Finally, FNY Investment Advisers LLC acquired a new stake in Stitch Fix in the 1st quarter valued at $141,000. Hedge funds and other institutional investors own 29.24% of the company’s stock.
Stitch Fix Company Profile
Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc in October 2011.
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