Stitch Fix (NASDAQ:SFIX) Given “Market Perform” Rating at Telsey Advisory Group

Stitch Fix (NASDAQ:SFIX)‘s stock had its “market perform” rating restated by stock analysts at Telsey Advisory Group in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $6.00 target price on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 88.68% from the stock’s current price.

SFIX has been the topic of a number of other research reports. UBS Group dropped their price objective on Stitch Fix from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Tuesday. Zacks Research lowered shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Wall Street Zen downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Stitch Fix in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Stitch Fix currently has an average rating of “Hold” and a consensus price target of $5.33.

Stitch Fix Price Performance

NASDAQ SFIX traded up $0.01 during trading on Wednesday, reaching $3.18. 1,449,408 shares of the company’s stock traded hands, compared to its average volume of 2,042,089. Stitch Fix has a 12-month low of $2.60 and a 12-month high of $5.94. The firm has a market cap of $426.76 million, a price-to-earnings ratio of -19.88 and a beta of 2.30. The company’s 50 day simple moving average is $4.57 and its two-hundred day simple moving average is $4.71.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Thursday, December 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). The firm had revenue of $342.13 million for 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 quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned ($0.03) earnings per share. Research analysts expect that Stitch Fix will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Stitch Fix

In other Stitch Fix news, insider Casey O’connor sold 83,641 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $5.16, for a total transaction of $431,587.56. Following the completion of the transaction, the insider owned 542,071 shares of the company’s stock, valued at $2,797,086.36. This represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Katrina Lake sold 303,450 shares of Stitch Fix stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $5.19, for a total value of $1,574,905.50. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 494,498 shares of company stock valued at $2,578,645 over the last ninety days. Corporate insiders own 16.09% of the company’s stock.

Institutional Trading of Stitch Fix

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fund 1 Investments LLC raised its stake in shares of Stitch Fix by 44.6% in the 2nd quarter. Fund 1 Investments LLC now owns 9,943,821 shares of the company’s stock valued at $36,792,000 after acquiring an additional 3,064,901 shares during the period. Arrowstreet Capital Limited Partnership increased 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 purchasing an additional 2,178,156 shares during the last quarter. Marshall Wace LLP raised its position in Stitch Fix by 4,898.1% in 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. Goldman Sachs Group Inc. lifted its stake in Stitch Fix by 73.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,664,995 shares of the company’s stock worth $19,241,000 after purchasing an additional 1,549,902 shares in the last quarter. Finally, Working Capital Advisors UK Ltd. boosted its position in shares of Stitch Fix by 15.9% during the third quarter. Working Capital Advisors UK Ltd. now owns 11,046,077 shares of the company’s stock worth $48,050,000 after buying an additional 1,512,475 shares during the period. 71.04% of the stock is owned by institutional investors and hedge funds.

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.