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

Stitch Fix, Inc. (NASDAQ:SFIXGet Free Report) has been given an average rating of “Hold” by the six brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $5.1250.

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Northland Securities started coverage on Stitch Fix in a research note on Thursday, May 28th. They issued an “outperform” rating and a $5.00 price objective for the company. William Blair reissued a “mixed” rating on shares of Stitch Fix in a research note on Friday, March 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Stitch Fix in a research note on Tuesday, April 21st. Finally, UBS Group increased their target price on shares of Stitch Fix from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday.

View Our Latest Stock Analysis on SFIX

Insider Transactions at Stitch Fix

In other Stitch Fix news, CFO David Aufderhaar sold 65,709 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $3.09, for a total value of $203,040.81. Following the completion of the sale, the chief financial officer owned 1,178,037 shares in the company, valued at approximately $3,640,134.33. This represents a 5.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Casey O’connor sold 60,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $3.08, for a total transaction of $184,800.00. Following the completion of the sale, the insider owned 480,334 shares of the company’s stock, valued at approximately $1,479,428.72. The trade was a 11.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.09% of the stock is currently owned by corporate insiders.

Institutional Trading of Stitch Fix

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Working Capital Advisors UK Ltd. increased its stake in shares of 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 worth $48,050,000 after acquiring an additional 1,512,475 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Stitch Fix by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 7,682,725 shares of the company’s stock worth $33,420,000 after acquiring an additional 240,584 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Stitch Fix by 73.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,664,995 shares of the company’s stock worth $19,241,000 after acquiring an additional 1,549,902 shares during the last quarter. State Street Corp increased its position in Stitch Fix by 18.6% during the fourth quarter. State Street Corp now owns 3,239,044 shares of the company’s stock worth $17,005,000 after purchasing an additional 508,588 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Stitch Fix by 302.9% during the third 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 during the last quarter. 71.04% of the stock is owned by institutional investors and hedge funds.

Stitch Fix Price Performance

Shares of SFIX stock opened at $4.20 on Friday. The company has a market cap of $573.38 million, a price-to-earnings ratio of -32.31 and a beta of 2.31. The stock has a 50 day simple moving average of $3.49 and a 200-day simple moving average of $4.06. Stitch Fix has a 1-year low of $2.95 and a 1-year high of $5.94.

Stitch Fix (NASDAQ:SFIXGet Free Report) last posted its quarterly earnings data on Wednesday, June 10th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.05. The company had revenue of $340.28 million during the quarter, compared to analysts’ expectations of $333.51 million. Stitch Fix had a negative net margin of 1.43% and a negative return on equity of 9.30%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) earnings per share. Analysts anticipate that Stitch Fix will post -0.19 earnings per share for the current fiscal year.

Key Headlines Impacting Stitch Fix

Here are the key news stories impacting Stitch Fix this week:

About Stitch Fix

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Stitch Fix (NASDAQ:SFIX)

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