Stitch Fix, Inc. (NASDAQ:SFIX) Receives $6.00 Consensus PT from Brokerages

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have earned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $6.00.

SFIX has been the subject of a number of research reports. Wall Street Zen raised shares of Stitch Fix from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Telsey Advisory Group reissued a “market perform” rating and set a $6.00 price objective on shares of Stitch Fix in a report on Monday, December 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Stitch Fix in a research report on Wednesday, October 8th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a research report on Thursday, September 25th. Finally, Zacks Research lowered Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th.

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 shares were sold at an average price of $4.41, for a total value of $220,500.00. Following the sale, the insider owned 431,441 shares of the company’s stock, valued at $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 available at the SEC website. Also, Director Katrina Lake sold 303,450 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $5.19, for a total transaction of $1,574,905.50. The SEC filing for this sale provides additional information. 16.09% of the stock is owned by company insiders.

Institutional Trading of Stitch Fix

A number of institutional investors have recently added to or reduced their stakes in SFIX. Fund 1 Investments LLC lifted its holdings in shares of Stitch Fix by 44.6% in the second quarter. Fund 1 Investments LLC now owns 9,943,821 shares of the company’s stock worth $36,792,000 after buying an additional 3,064,901 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Stitch Fix by 302.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,897,171 shares of the company’s stock worth $12,603,000 after purchasing an additional 2,178,156 shares in the last quarter. Marshall Wace LLP lifted its stake in Stitch Fix by 4,898.1% in the 2nd quarter. Marshall Wace LLP now owns 2,010,034 shares of the company’s stock worth $7,437,000 after purchasing an additional 1,969,818 shares in the last quarter. Working Capital Advisors UK Ltd. boosted its holdings in Stitch Fix by 15.9% in the 3rd quarter. Working Capital Advisors UK Ltd. now owns 11,046,077 shares of the company’s stock valued at $48,050,000 after purchasing an additional 1,512,475 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Stitch Fix during the 1st quarter valued at $4,159,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Stitch Fix Trading Down 2.3%

SFIX stock opened at $5.12 on Friday. The stock has a market cap of $687.10 million, a P/E ratio of -32.00 and a beta of 2.22. The stock’s fifty day simple moving average is $4.55 and its two-hundred day simple moving average is $4.64. Stitch Fix has a 1-year low of $2.60 and a 1-year high of $5.94.

Stitch Fix (NASDAQ:SFIX) last announced its earnings results on Thursday, December 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $342.13 million during the quarter, compared to analyst estimates of $335.74 million. Stitch Fix had a negative return on equity of 14.38% and a negative net margin of 2.23%.The business’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) EPS. As a group, analysts forecast that Stitch Fix will post -0.44 earnings per share for the current fiscal year.

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.