Stitch Fix, Inc. (NASDAQ:SFIX – Get Free Report) has been assigned an average recommendation of “Reduce” from the nine research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $3.96.
A number of brokerages have issued reports on SFIX. UBS Group upped their target price on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Telsey Advisory Group upped their target price on Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. Finally, Canaccord Genuity Group raised their price target on shares of Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th.
Get Our Latest Stock Report on SFIX
Stitch Fix Trading Down 0.8 %
Stitch Fix (NASDAQ:SFIX – Get Free Report) last posted its earnings results on Tuesday, December 10th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The firm had revenue of $318.82 million for the quarter, compared to the consensus estimate of $306.88 million. During the same period in the prior year, the business posted ($0.30) earnings per share. The business’s quarterly revenue was down 12.6% on a year-over-year basis. On average, equities research analysts predict that Stitch Fix will post -0.44 earnings per share for the current year.
Insider Buying and Selling
In other Stitch Fix news, Director Katrina Lake sold 725,002 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $5.78, for a total transaction of $4,190,511.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Anthony Bacos sold 16,720 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $4.61, for a total transaction of $77,079.20. Following the sale, the insider now directly owns 913,962 shares of the company’s stock, valued at approximately $4,213,364.82. This trade represents a 1.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.95% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Disciplined Growth Investors Inc. MN increased its holdings in Stitch Fix by 48.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock valued at $38,731,000 after purchasing an additional 4,460,668 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Stitch Fix in the 3rd quarter valued at $2,862,000. Hodges Capital Management Inc. grew its stake in Stitch Fix by 34.4% in the third quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock valued at $9,518,000 after acquiring an additional 864,100 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Stitch Fix by 2,253.6% in the third quarter. Public Employees Retirement System of Ohio now owns 146,750 shares of the company’s stock worth $414,000 after acquiring an additional 140,515 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Stitch Fix by 32.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 499,142 shares of the company’s stock worth $1,408,000 after acquiring an additional 121,084 shares in the last quarter. 71.04% of the stock is currently owned by institutional investors.
Stitch Fix Company Profile
Stitch Fix, Inc sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc.
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