Stitch Fix (NASDAQ:SFIX) had its price objective increased by Wells Fargo & Co from $22.00 to $30.00 in a research report report published on Wednesday morning, The Fly reports. The brokerage currently has a market perform rating on the stock.

A number of other research analysts have also recently commented on SFIX. Zacks Investment Research cut shares of Stitch Fix from a buy rating to a hold rating in a report on Tuesday, March 5th. Barclays upped their price target on shares of Stitch Fix to $32.00 and gave the stock an equal weight rating in a report on Wednesday. Piper Jaffray Companies upped their price target on shares of Stitch Fix from $20.00 to $28.00 and gave the stock a neutral rating in a report on Wednesday. KeyCorp upped their price target on shares of Stitch Fix from $38.00 to $40.00 and gave the stock an overweight rating in a report on Tuesday, March 12th. Finally, Royal Bank of Canada upped their price target on shares of Stitch Fix from $39.00 to $52.00 and gave the stock an outperform rating in a report on Tuesday, March 12th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $35.50.

Shares of SFIX opened at $32.00 on Wednesday. Stitch Fix has a twelve month low of $16.05 and a twelve month high of $52.44. The firm has a market capitalization of $3.36 billion, a PE ratio of 82.05, a PEG ratio of 7.56 and a beta of 3.37.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings results on Monday, March 11th. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.07. The firm had revenue of $370.28 million for the quarter, compared to analysts’ expectations of $365.28 million. Stitch Fix had a net margin of 3.67% and a return on equity of 15.99%. As a group, sell-side analysts expect that Stitch Fix will post 0.2 EPS for the current year.

In other Stitch Fix news, CEO Katrina Lake sold 8,673 shares of the stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $20.00, for a total transaction of $173,460.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mike C. Smith sold 25,000 shares of the stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $19.03, for a total transaction of $475,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 819,520 shares of company stock worth $24,067,313. 56.97% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. grew its holdings in Stitch Fix by 48.0% during the 4th quarter. Baillie Gifford & Co. now owns 3,600,131 shares of the company’s stock worth $61,526,000 after acquiring an additional 1,167,506 shares in the last quarter. Vanguard Group Inc. grew its holdings in Stitch Fix by 46.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,013,293 shares of the company’s stock worth $88,122,000 after acquiring an additional 642,540 shares in the last quarter. Vanguard Group Inc grew its holdings in Stitch Fix by 46.9% during the 3rd quarter. Vanguard Group Inc now owns 2,013,293 shares of the company’s stock worth $88,122,000 after acquiring an additional 642,540 shares in the last quarter. Park West Asset Management LLC bought a new position in Stitch Fix during the 4th quarter worth about $30,016,000. Finally, Renaissance Technologies LLC bought a new position in Stitch Fix during the 3rd quarter worth about $49,972,000. Institutional investors own 28.30% of the company’s stock.

Stitch Fix Company Profile

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, women, and kids 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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The Fly

Analyst Recommendations for Stitch Fix (NASDAQ:SFIX)

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