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

by · The Cerbat Gem

Shares of Stitch Fix, Inc. (NASDAQ:SFIX – Get Free Report) have been given an average recommendation of “Reduce” by the nine analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $3.96.

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

Get Our Latest Research Report on Stitch Fix

Stitch Fix Price Performance

SFIX stock opened at $4.52 on Monday. The business’s fifty day moving average price is $4.08 and its two-hundred day moving average price is $3.82. The stock has a market capitalization of $573.31 million, a price-to-earnings ratio of -5.45 and a beta of 1.99. Stitch Fix has a fifty-two week low of $2.06 and a fifty-two week high of $6.99.

Stitch Fix (NASDAQ:SFIX – Get Free Report) last issued its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $318.82 million during the quarter, compared to analysts’ expectations of $306.88 million. During the same quarter in the previous year, the company earned ($0.30) EPS. The business’s revenue was down 12.6% on a year-over-year basis. Research analysts expect that Stitch Fix will post -0.46 EPS for the current year.

Insider Transactions at Stitch Fix

In related news, Director Katrina Lake sold 725,002 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total transaction of $4,190,511.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anthony Bacos sold 16,720 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $4.61, for a total value of $77,079.20. Following the sale, the insider now owns 913,962 shares in the company, valued at $4,213,364.82. This represents a 1.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.95% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Creative Planning increased its position in Stitch Fix by 32.1% in the 3rd quarter. Creative Planning now owns 25,477 shares of the company’s stock valued at $72,000 after acquiring an additional 6,194 shares during the period. Federated Hermes Inc. increased its holdings in Stitch Fix by 7.7% in the second quarter. Federated Hermes Inc. now owns 94,624 shares of the company’s stock valued at $393,000 after purchasing an additional 6,739 shares during the period. Virtus Investment Advisers Inc. raised its position in Stitch Fix by 11.1% during the 3rd quarter. Virtus Investment Advisers Inc. now owns 117,185 shares of the company’s stock worth $330,000 after purchasing an additional 11,735 shares during the last quarter. Caprock Group LLC acquired a new position in Stitch Fix during the 3rd quarter worth about $33,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Stitch Fix in the 3rd quarter valued at about $36,000. Institutional investors own 71.04% of the company’s stock.

Stitch Fix Company Profile

(Get Free Report

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.

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