Stitch Fix, Inc. (NASDAQ:SFIX) Receives $3.96 Consensus PT from Brokerages

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have earned an average recommendation of “Reduce” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $3.96.

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

Stitch Fix Stock Up 0.8 %

Shares of SFIX opened at $4.87 on Friday. The business’s fifty day moving average is $4.59 and its 200 day moving average is $3.93. Stitch Fix has a 12-month low of $2.06 and a 12-month high of $6.99. The stock has a market cap of $617.71 million, a P/E ratio of -5.87 and a beta of 1.99.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $318.82 million for the quarter, compared to analyst estimates of $306.88 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The business’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.30) earnings per share. On average, analysts expect that Stitch Fix will post -0.44 EPS for the current year.

Insiders Place Their Bets

In other Stitch Fix news, insider Anthony Bacos sold 16,720 shares of the firm’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 completion of the sale, the insider now directly owns 913,962 shares of the company’s stock, valued at $4,213,364.82. This trade represents a 1.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Katrina Lake sold 725,002 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $5.78, for a total value of $4,190,511.56. The disclosure for this sale can be found here. Insiders own 16.95% of the company’s stock.

Hedge Funds Weigh In On Stitch Fix

Several large investors have recently modified their holdings of the business. Disciplined Growth Investors Inc. MN boosted its holdings in Stitch Fix by 48.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock worth $38,731,000 after buying an additional 4,460,668 shares during the period. Hodges Capital Management Inc. boosted its holdings in shares of Stitch Fix by 34.4% in the third quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock worth $9,518,000 after acquiring an additional 864,100 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Stitch Fix by 2,253.6% in the third quarter. Public Employees Retirement System of Ohio now owns 146,750 shares of the company’s stock valued at $414,000 after purchasing an additional 140,515 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Stitch Fix by 72.7% in the third quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company’s stock valued at $455,000 after purchasing an additional 67,892 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Stitch Fix by 32.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 499,142 shares of the company’s stock valued at $1,408,000 after purchasing an additional 121,084 shares during the period. Hedge funds and other institutional investors own 71.04% of the company’s stock.

About Stitch Fix

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.