Stitch Fix, Inc. (SFIX) – What Are Brokerages Thinking About This Stock?

Stitch Fix, Inc. (NASDAQ:SFIX) has earned an average rating of “Hold” from the eight brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $3.40.

A number of equities research analysts have commented on the company. Telsey Advisory Group lowered their target price on Stitch Fix from $5.00 to $3.00 and set a “market perform” rating on the stock in a report on Thursday, September 24th. Sanford C. Bernstein reissued a “market perform” rating and set a $4.00 price target on shares of Stitch Fix in a research report on Thursday, September 24th. William Blair cut Stitch Fix from an “outperform” rating to a “market perform” rating in a report on Thursday, September 24th. Weiss Ratings raised Stitch Fix from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 9th. Finally, UBS Group reduced their price objective on Stitch Fix from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, September 24th.

Stitch Fix Price Performance

Shares of SFIX opened at $2.39 on Thursday. The firm has a 50 day simple moving average of $3.02 and a 200-day simple moving average of $3.45. Stitch Fix has a 1-year low of $2.10 and a 1-year high of $5.74. The stock has a market cap of $319.31 million, a price-to-earnings ratio of -23.90 and a beta of 2.34.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings data on Wednesday, September 23rd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. Stitch Fix had a negative return on equity of 5.75% and a negative net margin of 0.94%. The firm had revenue of $324.42 million during the quarter, compared to the consensus estimate of $325.50 million. During the same period in the previous year, the firm posted ($0.07) EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Stitch Fix will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Anthony Bacos sold 70,000 shares of Stitch Fix stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $4.09, for a total transaction of $286,300.00. Following the completion of the sale, the insider owned 951,994 shares in the company, valued at approximately $3,893,655.46. This trade represents a 6.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 210,000 shares of company stock worth $814,800. Company insiders own 16.09% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new stake in shares of Stitch Fix during the 2nd quarter worth about $6,427,000. State Street Corp grew its holdings in shares of Stitch Fix by 10.1% during the second quarter. State Street Corp now owns 3,503,504 shares of the company’s stock worth $14,399,000 after buying an additional 322,030 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Stitch Fix during the second quarter worth about $738,000. Dimensional Fund Advisors LP raised its position in shares of Stitch Fix by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,418,196 shares of the company’s stock valued at $8,004,000 after buying an additional 142,909 shares during the last quarter. Finally, Ieq Capital LLC raised its position in shares of Stitch Fix by 48.8% in the second quarter. Ieq Capital LLC now owns 394,095 shares of the company’s stock valued at $1,620,000 after buying an additional 129,202 shares during the last quarter. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

Stitch Fix Company Profile

Stitch Fix, Inc is an online personal styling company that uses data science, customer preferences and human expertise to recommend apparel and accessories. Customers complete a style profile and can receive personalized selections, known as “Fixes,” featuring clothing, shoes and accessories chosen for their individual preferences, sizes and budgets.

The company also operates Stitch Fix Freestyle, which allows customers to shop directly from a personalized online assortment rather than receiving a curated shipment.