Stitch Fix Inc (SFIX) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Stitch Fix Inc (NASDAQ:SFIX) have been given a consensus rating of “Hold” by the thirteen brokerages that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $28.60.
A number of equities research analysts have commented on SFIX shares. Stifel Nicolaus lifted their target price on Stitch Fix from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, June 8th. KeyCorp started coverage on Stitch Fix in a research report on Tuesday, July 10th. They issued an “overweight” rating and a $38.00 target price on the stock. Wells Fargo & Co started coverage on Stitch Fix in a research report on Thursday, August 2nd. They issued a “market perform” rating and a $30.00 target price on the stock. Zacks Investment Research downgraded Stitch Fix from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, SunTrust Banks started coverage on Stitch Fix in a research report on Friday, August 10th. They issued a “buy” rating and a $38.00 target price on the stock.
In other Stitch Fix news, major shareholder Barry Eggers sold 31,886 shares of Stitch Fix stock in a transaction on Friday, August 31st. The stock was sold at an average price of $40.88, for a total value of $1,303,499.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Katrina Lake sold 200,000 shares of Stitch Fix stock in a transaction on Wednesday, July 18th. The shares were sold at an average price of $33.18, for a total value of $6,636,000.00. The disclosure for this sale can be found here. Insiders sold 819,308 shares of company stock worth $24,813,169 in the last 90 days.
Shares of Stitch Fix stock opened at $44.45 on Thursday. Stitch Fix has a one year low of $14.48 and a one year high of $46.71.
About Stitch Fix
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 and women 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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