Analysts Set Stitch Fix, Inc. (NASDAQ:SFIX) Price Target at $5.00

Stitch Fix, Inc. (NASDAQ:SFIX) has been given an average rating of “Reduce” by the five analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $5.00.

A number of equities analysts have commented on SFIX shares. Zacks Research cut shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Stitch Fix in a research report on Thursday, January 22nd. William Blair restated a “mixed” rating on shares of Stitch Fix in a research note on Friday, March 6th. UBS Group reduced their target price on shares of Stitch Fix from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Finally, Wall Street Zen lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd.

Stitch Fix Stock Up 1.2%

NASDAQ:SFIX opened at $3.31 on Friday. Stitch Fix has a 12-month low of $2.60 and a 12-month high of $5.94. The firm has a market capitalization of $451.88 million, a price-to-earnings ratio of -25.46 and a beta of 2.30. The stock’s 50 day moving average price is $3.81 and its two-hundred day moving average price is $4.42.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Wednesday, March 11th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. The company had revenue of $341.30 million during the quarter, compared to the consensus estimate of $334.74 million. Stitch Fix had a negative return on equity of 12.23% and a negative net margin of 1.89%.The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) EPS. Equities research analysts expect that Stitch Fix will post -0.44 EPS for the current year.

Insider Transactions at Stitch Fix

In other news, CFO David Aufderhaar sold 24,114 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $5.13, for a total transaction of $123,704.82. Following the transaction, the chief financial officer owned 1,251,862 shares in the company, valued at approximately $6,422,052.06. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Katrina Lake sold 8,835 shares of Stitch Fix stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $5.01, for a total value of $44,263.35. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 191,048 shares of company stock worth $1,003,739 over the last quarter. Company insiders own 16.09% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fund 1 Investments LLC raised its position 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 in the last quarter. Working Capital Advisors UK Ltd. grew its position in 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 in the last quarter. State of Michigan Retirement System increased its stake in Stitch Fix by 122.3% during the 3rd quarter. State of Michigan Retirement System now owns 726,983 shares of the company’s stock worth $3,162,000 after acquiring an additional 400,000 shares during the period. SG Americas Securities LLC increased its stake in Stitch Fix by 53.1% during the 2nd quarter. SG Americas Securities LLC now owns 84,278 shares of the company’s stock worth $312,000 after acquiring an additional 29,248 shares during the period. Finally, Hodges Capital Management Inc. increased its stake in Stitch Fix by 20.0% during the 3rd quarter. Hodges Capital Management Inc. now owns 1,737,556 shares of the company’s stock worth $7,558,000 after acquiring an additional 289,905 shares during the period. 71.04% of the stock is owned by institutional investors and hedge funds.

About Stitch Fix

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.