Stitch Fix, Inc. (SFIX) – What Are Investment Firms Saying About This Stock?

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $3.40.

Several equities analysts have recently issued reports on SFIX shares. Sanford C. Bernstein reissued a “market perform” rating and issued a $4.00 price target on shares of Stitch Fix in a report on Thursday, September 24th. Mizuho raised Stitch Fix from an “underperform” rating to a “neutral” rating and dropped their price objective for the stock from $3.00 to $2.50 in a research note on Tuesday, September 29th. UBS Group reduced their target price on Stitch Fix from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Thursday, September 24th. Telsey Advisory Group decreased their target price on Stitch Fix from $5.00 to $3.00 and set a “market perform” rating for the company in a research note on Thursday, September 24th. Finally, Weiss Ratings downgraded Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 23rd.

Stitch Fix Stock Performance

Stitch Fix stock opened at $2.84 on Monday. Stitch Fix has a 1 year low of $2.10 and a 1 year high of $5.74. The company’s 50-day moving average is $2.73 and its two-hundred day moving average is $3.41.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The business had revenue of $324.42 million during the quarter, compared to the consensus estimate of $325.50 million. Stitch Fix had a negative net margin of 0.94% and a negative return on equity of 5.75%. Stitch Fix’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) earnings per share. As a group, equities analysts expect that Stitch Fix will post -0.15 earnings per share for the current year.

Institutional Trading of Stitch Fix

A number of large investors have recently bought and sold shares of the business. Caerus Investment Advisors LLC acquired a new stake in shares of Stitch Fix during the first quarter worth $36,000. Quantbot Technologies LP bought a new stake in Stitch Fix in the 2nd quarter valued at $37,000. HB Wealth Management LLC acquired a new position in Stitch Fix in the 2nd quarter worth $45,000. Chicago Partners Investment Group LLC acquired a new position in Stitch Fix in the 1st quarter worth $47,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Stitch Fix in the 2nd quarter worth $48,000. 71.04% of the stock is owned by institutional investors.

Stitch Fix Company Profile

Stitch Fix, Inc. is an online personal styling and apparel company. It combines data science with the expertise of human stylists to recommend clothing and accessories based on customers’ preferences, fit and budget. Customers can receive a curated shipment of items, known as a Fix, and keep what they like while returning the rest. The company also offers Freestyle, an online shopping experience featuring personalized recommendations. Its assortment includes apparel, shoes and accessories from third-party brands as well as its own labels.