Stitch Fix (SFIX) Given a $29.00 Price Target at Piper Jaffray Companies

Stitch Fix (NASDAQ:SFIX) has been given a $29.00 price objective by research analysts at Piper Jaffray Companies in a research report issued on Monday. The firm presently has a “buy” rating on the stock. Piper Jaffray Companies’ price target indicates a potential upside of 36.41% from the company’s previous close.

A number of other equities research analysts also recently weighed in on SFIX. William Blair started coverage on Stitch Fix in a research report on Tuesday, December 12th. They issued an “outperform” rating for the company. Stifel Nicolaus started coverage on Stitch Fix in a research report on Tuesday, December 12th. They set a “hold” rating and a $22.00 price objective for the company. Goldman Sachs Group started coverage on Stitch Fix in a research report on Tuesday, December 12th. They set a “neutral” rating and a $23.00 price objective for the company. JPMorgan Chase & Co. started coverage on Stitch Fix in a research report on Tuesday, December 12th. They set a “neutral” rating and a $25.00 price objective for the company. Finally, Royal Bank of Canada started coverage on Stitch Fix in a research report on Tuesday, December 12th. They set an “outperform” rating and a $29.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.83.

Stitch Fix (NASDAQ:SFIX) traded up $0.56 on Monday, reaching $21.26. The company’s stock had a trading volume of 681,797 shares, compared to its average volume of 605,543. Stitch Fix has a 12-month low of $14.48 and a 12-month high of $30.07.

Stitch Fix (NASDAQ:SFIX) last released its earnings results on Tuesday, December 19th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $295.60 million during the quarter, compared to analyst estimates of $294.97 million. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. equities analysts predict that Stitch Fix will post 0.23 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/01/22/stitch-fix-sfix-given-a-29-00-price-target-at-piper-jaffray-companies-2.html.

Stitch Fix Company Profile

Stitch Fix, Inc is an online personalized styling service company. The Company offers apparel, shoes and accessories across categories, brands, product types and price points. The Company serves its clients in the following categories: Women’s, Petite, Maternity, Men’s and Plus. The Company also offers a wide variety of product types, including denim, dresses, blouses, skirts, shoes, jewelry and handbags.

Analyst Recommendations for Stitch Fix (NASDAQ:SFIX)



Leave a Reply