Stitch Fix, Inc. (NASDAQ:SFIX) Receives $3.60 Consensus Price Target from Analysts

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have earned an average recommendation of “Reduce” from the ten analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $3.57.

SFIX has been the topic of several research reports. UBS Group boosted their target price on Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday. Canaccord Genuity Group lifted their price objective on shares of Stitch Fix from $3.50 to $5.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Finally, Telsey Advisory Group restated a “market perform” rating and set a $4.00 target price on shares of Stitch Fix in a report on Wednesday.

Institutional Investors Weigh In On Stitch Fix

Institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in Stitch Fix by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 84,451 shares of the company’s stock worth $223,000 after buying an additional 5,404 shares during the last quarter. Creative Planning increased its holdings in shares of Stitch Fix by 32.1% during the 3rd quarter. Creative Planning now owns 25,477 shares of the company’s stock worth $72,000 after acquiring an additional 6,194 shares during the last quarter. Federated Hermes Inc. raised its stake in Stitch Fix by 7.7% in the 2nd quarter. Federated Hermes Inc. now owns 94,624 shares of the company’s stock valued at $393,000 after acquiring an additional 6,739 shares during the period. CWM LLC lifted 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 purchasing an additional 6,762 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Stitch Fix by 92.3% during the second quarter. SG Americas Securities LLC now owns 19,780 shares of the company’s stock worth $82,000 after purchasing an additional 9,494 shares during the period. 71.04% of the stock is owned by institutional investors.

Stitch Fix Stock Performance

Shares of SFIX stock opened at $4.63 on Thursday. The company has a market capitalization of $587.27 million, a P/E ratio of -4.29 and a beta of 1.99. Stitch Fix has a 52 week low of $2.06 and a 52 week high of $5.05. The company’s 50 day moving average price is $3.50 and its two-hundred day moving average price is $3.64.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Tuesday, September 24th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.07. Stitch Fix had a negative net margin of 9.63% and a negative return on equity of 40.62%. The business had revenue of $319.55 million for the quarter, compared to analysts’ expectations of $317.48 million. Analysts forecast that Stitch Fix will post -0.61 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.