Analysts Set Stitch Fix, Inc. (NASDAQ:SFIX) PT at $3.27

Stitch Fix, Inc. (NASDAQ:SFIX) has been given an average rating of “Reduce” by the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $3.27.

A number of equities analysts recently issued reports on SFIX shares. Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 price objective on shares of Stitch Fix in a report on Wednesday, September 25th. Canaccord Genuity Group dropped their price target on shares of Stitch Fix from $4.50 to $3.50 and set a “hold” rating on the stock in a research note on Wednesday, September 25th. Finally, UBS Group reduced their price objective on Stitch Fix from $3.80 to $2.80 and set a “neutral” rating for the company in a research note on Friday, October 11th.

Stitch Fix Stock Down 3.0 %

Shares of Stitch Fix stock opened at $3.84 on Friday. Stitch Fix has a twelve month low of $2.06 and a twelve month high of $5.05. The company’s 50 day moving average is $3.24 and its 200 day moving average is $3.40. The company has a market cap of $487.07 million, a price-to-earnings ratio of -3.56 and a beta of 1.87.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Tuesday, September 24th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.07. The firm had revenue of $319.55 million for the quarter, compared to analysts’ expectations of $317.48 million. Stitch Fix had a negative return on equity of 40.62% and a negative net margin of 9.63%. Sell-side analysts expect that Stitch Fix will post -0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Stitch Fix

Institutional investors and hedge funds have recently bought and sold shares of the business. Pallas Capital Advisors LLC bought a new stake in Stitch Fix in the 2nd quarter valued at $48,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Stitch Fix in the second quarter worth about $46,000. Caprock Group LLC purchased a new stake in shares of Stitch Fix in the third quarter worth about $33,000. CWM LLC grew its holdings in Stitch Fix by 132.5% during the 2nd quarter. CWM LLC now owns 11,867 shares of the company’s stock valued at $49,000 after buying an additional 6,762 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Stitch Fix in the 3rd quarter worth approximately $36,000. 71.04% of the stock is owned by institutional investors.

About Stitch Fix

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.