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

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have been assigned an average rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $5.1250.

Several equities analysts recently issued reports on the stock. William Blair restated a “mixed” rating on shares of Stitch Fix in a report on Friday, March 6th. Weiss Ratings downgraded Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 12th. Wall Street Zen lowered Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Northland Securities assumed coverage on Stitch Fix in a research note on Thursday, May 28th. They issued an “outperform” rating and a $5.00 price objective on the stock. Finally, UBS Group upped their target price on Stitch Fix from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, June 11th.

Stitch Fix Stock Performance

Stitch Fix stock opened at $4.03 on Friday. Stitch Fix has a 52-week low of $2.95 and a 52-week high of $5.94. The firm has a 50 day moving average price of $3.56 and a two-hundred day moving average price of $4.06. The firm has a market cap of $550.18 million, a price-to-earnings ratio of -50.38 and a beta of 2.31.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Wednesday, June 10th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.05. Stitch Fix had a negative net margin of 1.43% and a negative return on equity of 9.35%. The company had revenue of $340.28 million for the quarter, compared to analyst estimates of $333.51 million. During the same period in the prior year, the firm posted ($0.06) EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts predict that Stitch Fix will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling at Stitch Fix

In other Stitch Fix news, insider Anthony Bacos sold 70,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $4.15, for a total transaction of $290,500.00. Following the transaction, the insider directly owned 1,085,109 shares in the company, valued at approximately $4,503,202.35. This represents a 6.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Aufderhaar sold 65,709 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $3.09, for a total transaction of $203,040.81. Following the sale, the chief financial officer directly owned 1,178,037 shares of the company’s stock, valued at approximately $3,640,134.33. This trade represents a 5.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 195,709 shares of company stock valued at $678,341. 16.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Stitch Fix

Several hedge funds and other institutional investors have recently bought and sold shares of SFIX. Caerus Investment Advisors LLC acquired a new position in shares of Stitch Fix during the first quarter valued at about $36,000. Glenmede Trust Co. NA acquired a new stake in shares of Stitch Fix in the 1st quarter valued at about $166,000. Royal Bank of Canada increased its position in Stitch Fix by 984.1% in the 1st quarter. Royal Bank of Canada now owns 119,230 shares of the company’s stock valued at $394,000 after buying an additional 108,232 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Stitch Fix by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,418,196 shares of the company’s stock valued at $8,004,000 after buying an additional 142,909 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in Stitch Fix during the 1st quarter worth approximately $47,000. 71.04% of the stock is owned by institutional investors.

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.