Stitch Fix, Inc. (NASDAQ:SFIX) Receives Average Rating of “Reduce” from Brokerages

Stitch Fix, Inc. (NASDAQ:SFIX) has been assigned a consensus rating of “Reduce” from the six analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $4.50.

A number of equities analysts have recently commented on SFIX shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday, March 12th. Canaccord Genuity Group lifted 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. Finally, UBS Group lifted their price objective on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th.

Stitch Fix Price Performance

NASDAQ SFIX opened at $3.60 on Friday. The stock’s 50-day moving average is $4.77 and its two-hundred day moving average is $4.08. The firm has a market cap of $456.62 million, a P/E ratio of -4.34 and a beta of 2.13. Stitch Fix has a fifty-two week low of $2.06 and a fifty-two week high of $6.99.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. The business 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 firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.29) earnings per share. On average, equities analysts expect that Stitch Fix will post -0.44 EPS for the current year.

Hedge Funds Weigh In On Stitch Fix

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Stitch Fix during the fourth quarter valued at approximately $29,000. Pallas Capital Advisors LLC acquired a new stake in Stitch Fix during the fourth quarter valued at approximately $46,000. Caprock Group LLC acquired a new stake in Stitch Fix during the third quarter valued at approximately $33,000. Bellecapital International Ltd. acquired a new stake in Stitch Fix during the fourth quarter valued at approximately $55,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Stitch Fix in the 3rd quarter worth approximately $44,000. 71.04% of the stock is currently owned by institutional investors.

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.