Stitch Fix, Inc. (NASDAQ:SFIX) Receives Consensus Rating of “Hold” from Brokerages

Stitch Fix, Inc. (NASDAQ:SFIX) has received a consensus rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.00.

Several brokerages recently weighed in on SFIX. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 price objective on shares of Stitch Fix in a report on Monday, December 1st. Wall Street Zen upgraded shares of Stitch Fix from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Stitch Fix in a research report on Wednesday, October 8th. Zacks Research cut shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $6.00 price objective on shares of Stitch Fix in a research note on Thursday, September 25th.

Insiders Place Their Bets

In other Stitch Fix news, insider Casey O’connor sold 50,000 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $4.41, for a total value of $220,500.00. Following the completion of the transaction, the insider owned 431,441 shares in the company, valued at $1,902,654.81. This trade represents a 10.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Katrina Lake sold 303,450 shares of Stitch Fix stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $5.19, for a total value of $1,574,905.50. The SEC filing for this sale provides additional information. 16.09% of the stock is owned by company insiders.

Hedge Funds Weigh In On Stitch Fix

A number of large investors have recently modified their holdings of SFIX. Wescott Financial Advisory Group LLC purchased a new position in Stitch Fix during the first quarter valued at approximately $32,000. State of Alaska Department of Revenue bought a new position in Stitch Fix in the 3rd quarter valued at $32,000. First Dallas Securities Inc. purchased a new position in shares of Stitch Fix during the 2nd quarter valued at $37,000. Ameritas Investment Partners Inc. grew its position in shares of Stitch Fix by 32.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock valued at $40,000 after purchasing an additional 2,645 shares in the last quarter. Finally, 111 Capital bought a new position in shares of Stitch Fix in the second quarter worth $44,000. 71.04% of the stock is currently owned by institutional investors.

Stitch Fix Trading Up 1.0%

NASDAQ:SFIX opened at $5.28 on Friday. Stitch Fix has a 12 month low of $2.60 and a 12 month high of $5.94. The firm’s 50 day moving average is $4.49 and its 200 day moving average is $4.63. The stock has a market capitalization of $708.57 million, a PE ratio of -33.00 and a beta of 2.22.

Stitch Fix (NASDAQ:SFIX) last released its earnings results on Thursday, December 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). The business had revenue of $342.13 million during the quarter, compared to the consensus estimate of $335.74 million. Stitch Fix had a negative return on equity of 14.38% and a negative net margin of 2.23%.The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the business posted ($0.03) earnings per share. Research analysts predict that Stitch Fix will post -0.44 earnings per share for the current year.

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.