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.

Hedge funds and other institutional investors have recently modified their holdings of the company. Eidelman Virant Capital acquired a new stake in shares of Stitch Fix in the second quarter valued at $2,663,000. Pier Capital LLC grew its stake in shares of Stitch Fix by 52.8% in the second quarter. Pier Capital LLC now owns 307,150 shares of the company’s stock valued at $8,428,000 after buying an additional 106,101 shares in the last quarter. Spark Investment Management LLC grew its stake in shares of Stitch Fix by 22.5% in the second quarter. Spark Investment Management LLC now owns 114,700 shares of the company’s stock valued at $3,147,000 after buying an additional 21,100 shares in the last quarter. Barclays PLC grew its stake in shares of Stitch Fix by 17,113.6% in the first quarter. Barclays PLC now owns 115,503 shares of the company’s stock valued at $2,343,000 after buying an additional 114,832 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Stitch Fix by 1,726.0% in the second quarter. Bank of Montreal Can now owns 67,195 shares of the company’s stock valued at $1,844,000 after buying an additional 63,515 shares in the last quarter. 21.59% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Stitch Fix (NASDAQ:SFIX)

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