Stitch Fix, Inc. (NASDAQ:SFIX) Receives $5.12 Consensus Target Price from Analysts

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One 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 12 month target price among brokerages that have issued ratings on the stock in the last year is $5.1250.

Several equities research analysts have recently weighed in on SFIX shares. UBS Group increased their price objective on shares of Stitch Fix from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Wall Street Zen lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Northland Securities started coverage on Stitch Fix in a report on Thursday, May 28th. They set an “outperform” rating and a $5.00 price target for the company. Finally, Weiss Ratings downgraded Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 12th.

Stitch Fix Price Performance

Shares of SFIX stock opened at $3.62 on Tuesday. The stock has a market capitalization of $483.02 million, a PE ratio of -45.25 and a beta of 2.26. The business’s 50 day simple moving average is $3.69 and its 200 day simple moving average is $3.92. Stitch Fix has a one year low of $2.95 and a one year high of $5.94.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.05. The firm had revenue of $340.28 million during the quarter, compared to analyst estimates of $333.51 million. Stitch Fix had a negative net margin of 1.43% and a negative return on equity of 9.35%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.06) EPS. As a group, research analysts expect that Stitch Fix will post -0.14 earnings per share for the current year.

Insider Activity

In related news, insider Anthony Bacos sold 70,000 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $3.79, for a total transaction of $265,300.00. Following the sale, the insider owned 1,031,994 shares in the company, valued at $3,911,257.26. This represents a 6.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Aufderhaar sold 67,960 shares of Stitch Fix stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $3.79, for a total value of $257,568.40. Following the completion of the sale, the chief financial officer owned 1,102,369 shares of the company’s stock, valued at approximately $4,177,978.51. The trade was a 5.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 447,971 shares of company stock worth $1,856,617. 16.09% of the stock is owned by corporate insiders.

Institutional Trading of Stitch Fix

Several hedge funds have recently modified their holdings of SFIX. Vanguard Group Inc. lifted its position in shares of Stitch Fix by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 7,682,725 shares of the company’s stock valued at $33,420,000 after acquiring an additional 240,584 shares during the period. Goldman Sachs Group Inc. grew its holdings in Stitch Fix by 73.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,664,995 shares of the company’s stock worth $19,241,000 after purchasing an additional 1,549,902 shares during the period. State Street Corp increased its stake in Stitch Fix by 18.6% in the fourth quarter. State Street Corp now owns 3,239,044 shares of the company’s stock valued at $17,005,000 after purchasing an additional 508,588 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake 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 valued at $12,603,000 after purchasing an additional 2,178,156 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Stitch Fix by 10.5% during the fourth quarter. Geode Capital Management LLC now owns 2,791,632 shares of the company’s stock valued at $14,659,000 after purchasing an additional 266,356 shares during the period. Institutional investors own 71.04% of the company’s stock.

About Stitch Fix

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.