Stitch Fix (NASDAQ:SFIX) Receives “Market Perform” Rating from Telsey Advisory Group

Stitch Fix (NASDAQ:SFIX)‘s stock had its “market perform” rating reiterated by stock analysts at Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They presently have a $6.00 target price on the stock. Telsey Advisory Group’s price target indicates a potential upside of 41.84% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. Canaccord Genuity Group raised their price target on Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. UBS Group increased their price target on shares of Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.50.

Stitch Fix Trading Up 2.2 %

NASDAQ SFIX opened at $4.23 on Wednesday. The company has a fifty day simple moving average of $4.86 and a 200 day simple moving average of $4.08. The company has a market cap of $536.52 million, a P/E ratio of -5.10 and a beta of 2.13. Stitch Fix has a 1 year low of $2.06 and a 1 year high of $6.99.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06. The company had revenue of $312.11 million for the quarter, compared to analyst estimates of $298.04 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The company’s revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.29) EPS. Equities research analysts forecast that Stitch Fix will post -0.44 EPS for the current fiscal year.

Insider Activity

In other Stitch Fix news, insider Anthony Bacos sold 16,720 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $4.61, for a total transaction of $77,079.20. Following the completion of the transaction, the insider now owns 913,962 shares in the company, valued at $4,213,364.82. This trade represents a 1.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 16.95% of the company’s stock.

Institutional Investors Weigh In On Stitch Fix

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in shares of Stitch Fix in the fourth quarter valued at about $29,000. Caprock Group LLC purchased a new position in Stitch Fix in the third quarter worth about $33,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Stitch Fix in the 3rd quarter worth $36,000. Meeder Asset Management Inc. bought a new position in Stitch Fix during the 3rd quarter valued at about $44,000. Finally, Pallas Capital Advisors LLC purchased a new stake in Stitch Fix in the fourth quarter worth approximately $46,000. 71.04% of the stock is owned by hedge funds and other institutional investors.

Stitch Fix Company Profile

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.