Stitch Fix, Inc. (NASDAQ:SFIX) Given Average Rating of “Hold” by Brokerages

Stitch Fix, Inc. (NASDAQ:SFIX) has been given a consensus recommendation of “Hold” by the six analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $5.1250.

Several equities research analysts recently weighed in on SFIX shares. Telsey Advisory Group reduced their price objective on shares of Stitch Fix from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, March 12th. Weiss Ratings downgraded shares of Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 12th. Northland Securities assumed coverage on shares of Stitch Fix in a research note on Thursday, May 28th. They issued an “outperform” rating and a $5.00 price target for the company. Wall Street Zen cut shares of Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, UBS Group raised their price objective on shares of Stitch Fix from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Thursday, June 11th.

Insiders Place Their Bets

In other news, insider Anthony Bacos sold 100,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $4.51, for a total value of $451,000.00. Following the completion of the sale, the insider owned 1,071,994 shares in the company, valued at $4,834,692.94. This represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Casey O’connor sold 60,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $3.08, for a total value of $184,800.00. Following the transaction, the insider directly owned 480,334 shares of the company’s stock, valued at $1,479,428.72. This represents a 11.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 370,011 shares of company stock valued at $1,518,549. 16.09% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Stitch Fix

Several large investors have recently made changes to their positions in the business. Caerus Investment Advisors LLC bought a new stake in shares of Stitch Fix in the 1st quarter worth approximately $36,000. Glenmede Trust Co. NA bought a new stake in Stitch Fix during the first quarter worth approximately $166,000. Royal Bank of Canada grew its position in Stitch Fix by 984.1% in the first quarter. Royal Bank of Canada now owns 119,230 shares of the company’s stock worth $394,000 after buying an additional 108,232 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Stitch Fix by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,418,196 shares of the company’s stock worth $8,004,000 after buying an additional 142,909 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Stitch Fix in the first quarter valued at $47,000. Institutional investors own 71.04% of the company’s stock.

Stitch Fix Price Performance

Shares of NASDAQ SFIX traded down $0.06 during midday trading on Tuesday, hitting $3.79. 353,742 shares of the company’s stock were exchanged, compared to its average volume of 2,155,370. Stitch Fix has a twelve month low of $2.95 and a twelve month high of $5.94. The firm has a market cap of $505.03 million, a P/E ratio of -47.31 and a beta of 2.26. The stock’s 50 day moving average price is $3.70 and its 200-day moving average price is $3.98.

Stitch Fix (NASDAQ:SFIX) last announced its earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.05. The firm had revenue of $340.28 million for the quarter, compared to the consensus estimate of $333.51 million. Stitch Fix had a negative return on equity of 9.35% and a negative net margin of 1.43%.The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) EPS. On average, analysts expect that Stitch Fix will post -0.14 EPS for the current fiscal year.

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.