Stitch Fix, Inc. (NASDAQ:SFIX) Receives Average Recommendation of “Hold” from Analysts

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have been given an average rating of “Hold” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $6.00.

SFIX has been the topic of several analyst reports. Telsey Advisory Group reiterated 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 lowered Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stitch Fix in a research report on Thursday, January 22nd. Finally, Zacks Research lowered Stitch Fix from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th.

Insider Buying and Selling at Stitch Fix

In other news, CFO David Aufderhaar sold 24,114 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $5.13, for a total transaction of $123,704.82. Following the completion of the sale, the chief financial officer directly owned 1,251,862 shares in the company, valued at approximately $6,422,052.06. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Casey O’connor sold 19,347 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $5.68, for a total value of $109,890.96. Following the completion of the sale, the insider directly owned 542,071 shares in the company, valued at $3,078,963.28. The trade was a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 494,498 shares of company stock valued at $2,578,645 in the last quarter. Company insiders own 16.09% of the company’s stock.

Institutional Trading of Stitch Fix

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Working Capital Advisors UK Ltd. raised its holdings in Stitch Fix by 15.9% in the 3rd quarter. Working Capital Advisors UK Ltd. now owns 11,046,077 shares of the company’s stock worth $48,050,000 after purchasing an additional 1,512,475 shares in the last quarter. Fund 1 Investments LLC increased its position in shares of Stitch Fix by 44.6% during the second quarter. Fund 1 Investments LLC now owns 9,943,821 shares of the company’s stock valued at $36,792,000 after buying an additional 3,064,901 shares during the period. Vanguard Group Inc. raised its stake in Stitch Fix by 3.2% in the third quarter. Vanguard Group Inc. now owns 7,682,725 shares of the company’s stock worth $33,420,000 after buying an additional 240,584 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Stitch Fix by 302.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,897,171 shares of the company’s stock worth $12,603,000 after buying an additional 2,178,156 shares during the period. Finally, Geode Capital Management LLC boosted its position in Stitch Fix by 7.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,609,599 shares of the company’s stock valued at $9,657,000 after acquiring an additional 174,426 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Stitch Fix Stock Performance

SFIX stock opened at $4.28 on Friday. The company has a market capitalization of $574.38 million, a PE ratio of -26.75 and a beta of 2.23. Stitch Fix has a one year low of $2.60 and a one year high of $5.94. The company’s 50 day moving average price is $5.11 and its two-hundred day moving average price is $4.87.

Stitch Fix (NASDAQ:SFIX) last released its earnings results on Thursday, December 4th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $342.13 million for the quarter, compared to analyst estimates of $335.74 million. Stitch Fix had a negative net margin of 2.23% and a negative return on equity of 14.38%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.03) EPS. On average, research analysts predict that Stitch Fix will post -0.44 EPS for the current year.

Stitch Fix Company Profile

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.