Stitch Fix (NASDAQ:SFIX) Given Market Perform Rating at Telsey Advisory Group

Stitch Fix (NASDAQ:SFIX)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They currently have a $6.00 target price on the stock. Telsey Advisory Group’s price target indicates a potential upside of 61.29% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. Canaccord Genuity Group lifted their price target on Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. UBS Group boosted 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. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.50.

Stitch Fix Price Performance

Stitch Fix stock opened at $3.72 on Wednesday. The business has a 50 day simple moving average of $4.85 and a 200 day simple moving average of $4.08. The company has a market capitalization of $471.84 million, a PE ratio of -4.48 and a beta of 2.13. Stitch Fix has a one year low of $2.06 and a one year high of $6.99.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.06. The company had revenue of $312.11 million for the quarter, compared to the consensus estimate of $298.04 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.29) EPS. Equities analysts anticipate that Stitch Fix will post -0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stitch Fix

Several hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp acquired a new stake in Stitch Fix in the fourth quarter worth $474,000. Public Employees Retirement System of Ohio raised its stake in Stitch Fix by 40.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 206,688 shares of the company’s stock worth $891,000 after buying an additional 59,938 shares during the period. Two Sigma Advisers LP lifted its holdings in Stitch Fix by 84.0% during the fourth quarter. Two Sigma Advisers LP now owns 682,900 shares of the company’s stock worth $2,943,000 after acquiring an additional 311,800 shares in the last quarter. Two Sigma Investments LP grew its stake in Stitch Fix by 300.4% in the fourth quarter. Two Sigma Investments LP now owns 911,349 shares of the company’s stock valued at $3,928,000 after acquiring an additional 683,751 shares during the period. Finally, Rafferty Asset Management LLC acquired a new position in Stitch Fix in the fourth quarter valued at about $162,000. Institutional investors and hedge funds own 71.04% of the company’s stock.

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.