Analysts Set Stitch Fix, Inc. (NASDAQ:SFIX) Price Target at $4.50

Stitch Fix, Inc. (NASDAQ:SFIX) has been assigned an average rating of “Reduce” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $4.50.

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 price objective on shares of Stitch Fix in a research report on Wednesday, March 12th.

Stitch Fix Stock Performance

Shares of NASDAQ:SFIX opened at $2.99 on Wednesday. Stitch Fix has a 52-week low of $2.06 and a 52-week high of $6.99. The company has a market capitalization of $385.10 million, a P/E ratio of -3.60 and a beta of 2.03. The company has a 50-day simple moving average of $4.14 and a 200 day simple moving average of $4.01.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The company had revenue of $312.11 million during the quarter, compared to analysts’ expectations of $298.04 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the firm posted ($0.29) earnings per share. As a group, equities analysts forecast that Stitch Fix will post -0.44 earnings per share for the current year.

Institutional Investors Weigh In On Stitch Fix

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Disciplined Growth Investors Inc. MN increased its position in Stitch Fix by 48.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock worth $38,731,000 after acquiring an additional 4,460,668 shares during the period. Cooper Creek Partners Management LLC grew its position in shares of Stitch Fix by 1,405.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company’s stock worth $18,418,000 after purchasing an additional 3,989,362 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Stitch Fix by 142.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,464,863 shares of the company’s stock worth $10,624,000 after purchasing an additional 1,449,941 shares during the period. Norges Bank acquired a new stake in shares of Stitch Fix in the fourth quarter valued at approximately $3,183,000. Finally, Two Sigma Investments LP boosted its stake in shares of Stitch Fix by 300.4% in the fourth quarter. Two Sigma Investments LP now owns 911,349 shares of the company’s stock valued at $3,928,000 after buying an additional 683,751 shares during the period. Institutional investors and hedge funds own 71.04% of the company’s stock.

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.