Analysts Set Stitch Fix, Inc. (NASDAQ:SFIX) Price Target at $3.96

Stitch Fix, Inc. (NASDAQ:SFIX) has received an average recommendation of “Reduce” from the nine analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $3.96.

Several analysts have recently commented on the stock. Canaccord Genuity Group raised their target price 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. UBS Group lifted their price target on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Finally, Telsey Advisory Group increased their target price on Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a report on Wednesday, December 11th.

Stitch Fix Price Performance

Shares of SFIX opened at $5.40 on Tuesday. The firm has a fifty day moving average price of $4.70 and a 200 day moving average price of $3.98. The stock has a market cap of $684.93 million, a PE ratio of -6.51 and a beta of 1.99. Stitch Fix has a 1-year low of $2.06 and a 1-year high of $6.99.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $318.82 million during the quarter, compared to analysts’ expectations of $306.88 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. Stitch Fix’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.30) EPS. As a group, equities analysts expect that Stitch Fix will post -0.44 EPS for the current fiscal year.

Insider Transactions at Stitch Fix

In related news, insider Anthony Bacos sold 16,720 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $4.61, for a total transaction of $77,079.20. Following the completion of the sale, the insider now directly owns 913,962 shares of the company’s stock, valued at approximately $4,213,364.82. This represents a 1.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katrina Lake sold 725,002 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $5.78, for a total value of $4,190,511.56. The disclosure for this sale can be found here. Insiders own 16.95% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Stitch Fix in the fourth quarter valued at about $29,000. Pallas Capital Advisors LLC acquired a new stake in Stitch Fix in the fourth quarter valued at $46,000. Caprock Group LLC bought a new position in Stitch Fix during the 3rd quarter valued at $33,000. Wealth Enhancement Advisory Services LLC acquired a new position in Stitch Fix during the 3rd quarter worth $36,000. Finally, Bellecapital International Ltd. bought a new stake in shares of Stitch Fix in the 4th quarter worth about $55,000. 71.04% of the stock is owned by institutional investors and hedge funds.

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.