Brokerages Set Stitch Fix, Inc. (NASDAQ:SFIX) Price Target at $5.00

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have been given an average recommendation of “Hold” by the six analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $5.00.

SFIX has been the subject of several recent analyst reports. UBS Group decreased their target price on Stitch Fix from $4.50 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday, September 2nd. Weiss Ratings raised Stitch Fix from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. Finally, Northland Securities initiated coverage on shares of Stitch Fix in a research note on Thursday, May 28th. They issued an “outperform” rating and a $5.00 target price for the company.

Stitch Fix Trading Up 4.9%

Stitch Fix stock opened at $2.99 on Friday. The stock has a market cap of $398.96 million, a P/E ratio of -37.38 and a beta of 2.27. The company has a fifty day simple moving average of $3.46 and a 200-day simple moving average of $3.53. Stitch Fix has a 12-month low of $2.81 and a 12-month high of $5.85.

Insiders Place Their Bets

In other Stitch Fix news, CFO David Aufderhaar sold 67,960 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $3.79, for a total transaction of $257,568.40. Following the transaction, the chief financial officer directly owned 1,102,369 shares in the company, valued at approximately $4,177,978.51. This represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Anthony Bacos sold 70,011 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $4.42, for a total value of $309,448.62. Following the completion of the transaction, the insider directly owned 1,051,994 shares of the company’s stock, valued at $4,649,813.48. The trade was a 6.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 487,971 shares of company stock worth $1,900,517. Corporate insiders own 16.09% of the company’s stock.

Institutional Trading of Stitch Fix

Several institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in shares of Stitch Fix during the second quarter worth $37,000. Caerus Investment Advisors LLC acquired a new stake in Stitch Fix in the first quarter valued at $36,000. HB Wealth Management LLC acquired a new stake in Stitch Fix in the second quarter valued at $45,000. First Dallas Securities Inc. bought a new position in Stitch Fix during the 1st quarter worth $38,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Stitch Fix during the 2nd quarter worth $48,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.

About Stitch Fix

Stitch Fix, Inc is an online personal styling company that uses data science, personalization technology and human stylists to recommend apparel and accessories to customers. Its offerings include clothing, shoes and accessories across categories such as women’s, men’s and children’s apparel, with selections tailored to individual preferences, sizes, budgets and lifestyles.

The company’s primary service, traditionally known as a “Fix,” delivers a curated selection of items for customers to try at home, after which they can purchase the items they want and return the rest.