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

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have been given a consensus recommendation of “Hold” by the six analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $6.00.

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Stitch Fix from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Stitch Fix in a report on Wednesday, October 8th. Zacks Research lowered Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 target price on shares of Stitch Fix in a research report on Monday, December 1st. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $6.00 price target on shares of Stitch Fix in a research report on Thursday, September 25th.

Stitch Fix Stock Performance

Shares of SFIX opened at $5.14 on Friday. The firm has a market cap of $689.79 million, a PE ratio of -32.13 and a beta of 2.22. The firm’s 50 day moving average price is $4.59 and its 200 day moving average price is $4.65. Stitch Fix has a twelve month low of $2.60 and a twelve month high of $5.94.

Stitch Fix (NASDAQ:SFIX) last posted its earnings results on Thursday, December 4th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $342.13 million during the quarter, compared to the consensus estimate of $335.74 million. Stitch Fix had a negative net margin of 2.23% and a negative return on equity of 14.38%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) earnings per share. On average, sell-side analysts anticipate that Stitch Fix will post -0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Stitch Fix news, insider Casey O’connor sold 50,000 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $4.41, for a total transaction of $220,500.00. Following the completion of the sale, the insider directly owned 431,441 shares in the company, valued at $1,902,654.81. This represents a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Katrina Lake sold 303,450 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $5.19, for a total value of $1,574,905.50. The SEC filing for this sale provides additional information. 16.09% of the stock is owned by insiders.

Institutional Investors Weigh In On Stitch Fix

Hedge funds have recently modified their holdings of the business. Fund 1 Investments LLC lifted its stake in shares of Stitch Fix by 44.6% in the second quarter. Fund 1 Investments LLC now owns 9,943,821 shares of the company’s stock valued at $36,792,000 after buying an additional 3,064,901 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Stitch Fix by 302.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,897,171 shares of the company’s stock valued at $12,603,000 after acquiring an additional 2,178,156 shares in the last quarter. Marshall Wace LLP increased its position in shares of Stitch Fix by 4,898.1% during the second quarter. Marshall Wace LLP now owns 2,010,034 shares of the company’s stock valued at $7,437,000 after purchasing an additional 1,969,818 shares during the period. Working Capital Advisors UK Ltd. raised its stake in shares of Stitch Fix by 15.9% in the third quarter. Working Capital Advisors UK Ltd. now owns 11,046,077 shares of the company’s stock valued at $48,050,000 after purchasing an additional 1,512,475 shares in the last quarter. Finally, Nuveen LLC bought a new position in Stitch Fix in the first quarter worth $4,159,000. 71.04% of the stock is owned by institutional investors.

Stitch Fix Company Profile

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.