Stitch Fix (NASDAQ:SFIX) had its price target boosted by research analysts at JPMorgan Chase & Co. to $36.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential downside of 14.63% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Stitch Fix from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Saturday, September 15th. KeyCorp reaffirmed a “buy” rating and issued a $53.00 price target (up previously from $38.00) on shares of Stitch Fix in a research report on Thursday, September 13th. ValuEngine raised Stitch Fix from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. SunTrust Banks assumed coverage on Stitch Fix in a research report on Friday, August 10th. They issued a “buy” rating and a $38.00 price target for the company. Finally, Stifel Nicolaus lifted their price target on Stitch Fix from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, June 8th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $34.64.

Stitch Fix stock traded up $0.84 on Tuesday, hitting $42.17. 75,139 shares of the stock traded hands, compared to its average volume of 3,119,731. Stitch Fix has a 1 year low of $14.48 and a 1 year high of $52.44.

In other Stitch Fix news, COO Mike C. Smith sold 25,000 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $50.04, for a total value of $1,251,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Barry Eggers sold 63,772 shares of the business’s stock in a transaction dated Friday, July 6th. The stock was sold at an average price of $31.07, for a total value of $1,981,396.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 424,537 shares of company stock valued at $14,578,274.

A number of large investors have recently modified their holdings of SFIX. D.A. Davidson & CO. purchased a new position in Stitch Fix in the 2nd quarter worth about $203,000. Element Capital Management LLC purchased a new position in Stitch Fix in the 1st quarter worth about $220,000. California Public Employees Retirement System purchased a new position in Stitch Fix in the 2nd quarter worth about $228,000. Millennium Management LLC purchased a new position in Stitch Fix in the 1st quarter worth about $296,000. Finally, Bank of New York Mellon Corp purchased a new position in Stitch Fix in the 2nd quarter worth about $367,000. 21.59% of the stock is owned by institutional investors and hedge funds.

About Stitch Fix

Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men and women under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc in October 2011.

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Analyst Recommendations for Stitch Fix (NASDAQ:SFIX)

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