Stitch Fix, Inc. (NASDAQ:SFIX) Receives Average Rating of “Hold” from Analysts

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.00.

A number of research analysts have recently weighed in on SFIX shares. Sanford C. Bernstein restated a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a report on Thursday, September 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Stitch Fix in a research note on Wednesday, October 8th. Zacks Research cut Stitch Fix from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Telsey Advisory Group restated a “market perform” rating and issued a $6.00 price objective on shares of Stitch Fix in a research note on Monday, December 1st. Finally, Wall Street Zen cut shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd.

Stitch Fix Stock Performance

SFIX stock opened at $5.26 on Tuesday. The firm has a 50 day simple moving average of $4.87 and a 200 day simple moving average of $4.79. Stitch Fix has a 52 week low of $2.60 and a 52 week high of $5.94. The stock has a market cap of $705.89 million, a P/E ratio of -32.88 and a beta of 2.10.

Stitch Fix (NASDAQ:SFIX) last released its earnings results on Thursday, December 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). Stitch Fix had a negative net margin of 2.23% and a negative return on equity of 14.38%. The company had revenue of $342.13 million during the quarter, compared to the consensus estimate of $335.74 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Sell-side analysts predict that Stitch Fix will post -0.44 EPS for the current year.

Insider Activity

In other news, insider Casey O’connor sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $4.41, for a total transaction of $220,500.00. Following the sale, the insider directly owned 431,441 shares in the company, valued at approximately $1,902,654.81. The trade was a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Katrina Lake sold 303,450 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $5.19, for a total value of $1,574,905.50. The disclosure for this sale is available in the SEC filing. Insiders own 16.09% of the company’s stock.

Hedge Funds Weigh In On Stitch Fix

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in Stitch Fix in the third quarter valued at about $32,000. First Dallas Securities Inc. acquired a new position in shares of Stitch Fix in the 2nd quarter worth approximately $37,000. Ameritas Investment Partners Inc. lifted its position in shares of Stitch Fix by 32.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock worth $40,000 after buying an additional 2,645 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in Stitch Fix in the 3rd quarter valued at $50,000. Finally, 111 Capital bought a new stake in Stitch Fix in the second quarter valued at $44,000. 71.04% of the stock is owned by institutional investors.

Stitch Fix Company Profile

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.