Stitch Fix, Inc. (NASDAQ:SFIX) Given Consensus Rating of “Reduce” by Brokerages

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have been given an average recommendation of “Reduce” by the nine ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $3.96.

A number of research firms have weighed in on SFIX. Canaccord Genuity Group lifted their price target on shares of Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. UBS Group boosted their target price on shares of Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, Telsey Advisory Group boosted their target price on shares of Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th.

Stitch Fix Price Performance

SFIX opened at $5.13 on Tuesday. Stitch Fix has a fifty-two week low of $2.06 and a fifty-two week high of $6.99. The firm’s fifty day moving average price is $4.74 and its two-hundred day moving average price is $4.01. The company has a market capitalization of $650.68 million, a P/E ratio of -6.18 and a beta of 1.99.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The firm had revenue of $318.82 million for the quarter, compared to the consensus estimate of $306.88 million. During the same quarter in the previous year, the company earned ($0.30) earnings per share. The business’s revenue was down 12.6% compared to the same quarter last year. On average, equities research analysts expect that Stitch Fix will post -0.44 EPS for the current fiscal year.

Insider Activity at Stitch Fix

In related news, insider Anthony Bacos sold 16,720 shares of Stitch Fix stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $4.61, for a total value of $77,079.20. Following the completion of the transaction, the insider now directly owns 913,962 shares of the company’s stock, valued at $4,213,364.82. The trade was a 1.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Katrina Lake sold 725,002 shares of Stitch Fix stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $5.78, for a total value of $4,190,511.56. The disclosure for this sale can be found here. 16.95% of the stock is currently owned by company insiders.

Institutional Trading of Stitch Fix

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN raised its holdings in Stitch Fix by 48.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock worth $38,731,000 after purchasing an additional 4,460,668 shares during the last quarter. Vanguard Group Inc. raised its holdings in Stitch Fix by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company’s stock worth $27,882,000 after purchasing an additional 457,568 shares during the last quarter. Cooper Creek Partners Management LLC raised its holdings in Stitch Fix by 1,405.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company’s stock worth $18,418,000 after purchasing an additional 3,989,362 shares during the last quarter. Hodges Capital Management Inc. raised its holdings in Stitch Fix by 34.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock worth $9,518,000 after purchasing an additional 864,100 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Stitch Fix by 142.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,464,863 shares of the company’s stock worth $10,624,000 after purchasing an additional 1,449,941 shares during the last quarter. 71.04% of the stock is owned by institutional investors.

Stitch Fix Company Profile

Stitch Fix, Inc sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc.