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

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have been assigned an average rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $5.1250.

SFIX has been the subject of a number of research analyst reports. Northland Securities started coverage on Stitch Fix in a research report on Thursday, May 28th. They set an “outperform” rating and a $5.00 price objective for the company. Weiss Ratings upgraded Stitch Fix from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. Finally, UBS Group increased their price target on Stitch Fix from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Thursday, June 11th.

Insider Activity at Stitch Fix

In related news, CFO David Aufderhaar sold 67,960 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $3.79, for a total value of $257,568.40. Following the completion of the transaction, the chief financial officer directly owned 1,102,369 shares of the company’s stock, valued at approximately $4,177,978.51. This trade represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Anthony Bacos sold 70,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $4.09, for a total transaction of $286,300.00. Following the completion of the sale, the insider owned 951,994 shares in the company, valued at $3,893,655.46. This represents a 6.85% 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. Insiders have sold a total of 727,971 shares of company stock worth $2,924,817 over the last ninety days. Insiders own 16.09% of the company’s stock.

Hedge Funds Weigh In On Stitch Fix

A number of institutional investors and hedge funds have recently made changes to their positions in SFIX. Arrowstreet Capital Limited Partnership increased its holdings in shares of 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 buying an additional 2,178,156 shares during the last quarter. Marshall Wace LLP grew its position in Stitch Fix by 4,898.1% in the second quarter. Marshall Wace LLP now owns 2,010,034 shares of the company’s stock worth $7,437,000 after acquiring an additional 1,969,818 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Stitch Fix in the second quarter worth about $6,427,000. Goldman Sachs Group Inc. grew its position in Stitch Fix by 73.3% in the fourth 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 in the last quarter. Finally, Archon Capital Management LLC bought a new stake in Stitch Fix during the fourth quarter worth approximately $7,702,000. 71.04% of the stock is owned by hedge funds and other institutional investors.

Stitch Fix Stock Performance

Shares of NASDAQ:SFIX opened at $3.01 on Wednesday. The firm has a fifty day moving average price of $3.75 and a 200 day moving average price of $3.58. Stitch Fix has a fifty-two week low of $2.95 and a fifty-two week high of $5.94. The firm has a market cap of $401.62 million, a price-to-earnings ratio of -37.62 and a beta of 2.28.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.05. The company had revenue of $340.28 million for the quarter, compared to the consensus estimate of $333.51 million. Stitch Fix had a negative net margin of 1.43% and a negative return on equity of 9.35%. Stitch Fix’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) EPS. As a group, research analysts predict that Stitch Fix will post -0.14 earnings per share for the current 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.