Analysts’ Weekly Ratings Changes for Stitch Fix (SFIX)

Several brokerages have updated their recommendations and price targets on shares of Stitch Fix (NASDAQ: SFIX) in the last few weeks:

• 12/11/2024 – Stitch Fix had its price target raised by analysts at Telsey Advisory Group from $4.00 to $6.00. They now have a “market perform” rating on the stock.
• 12/11/2024 – Stitch Fix had its price target raised by analysts at Canaccord Genuity Group Inc. from $5.00 to $6.00. They now have a “hold” rating on the stock.
• 12/4/2024 – Stitch Fix had its price target raised by analysts at UBS Group AG from $2.80 to $5.00. They now have a “neutral” rating on the stock.
• 12/4/2024 – Stitch Fix had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $4.00 price target on the stock.
• 12/2/2024 – Stitch Fix had its price target raised by analysts at Canaccord Genuity Group Inc. from $3.50 to $5.00. They now have a “hold” rating on the stock.

Stitch Fix Price Performance

Shares of NASDAQ:SFIX opened at $4.14 on Wednesday. The firm has a market capitalization of $525.11 million, a PE ratio of -4.99 and a beta of 1.99. The business has a 50 day simple moving average of $3.74 and a two-hundred day simple moving average of $3.76. Stitch Fix, Inc. has a 1 year low of $2.06 and a 1 year high of $6.99.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $318.82 million during the quarter, compared to analyst estimates of $306.88 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. Stitch Fix’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same period last year, the company earned ($0.30) EPS. Equities research analysts expect that Stitch Fix, Inc. will post -0.46 EPS for the current fiscal year.

Insider Activity

In related news, Director Katrina Lake sold 725,002 shares of Stitch Fix stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $5.78, for a total transaction of $4,190,511.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.95% of the company’s stock.

Hedge Funds Weigh In On Stitch Fix

Hedge funds have recently added to or reduced their stakes in the stock. Creative Planning raised its stake in shares of Stitch Fix by 32.1% during the third quarter. Creative Planning now owns 25,477 shares of the company’s stock valued at $72,000 after acquiring an additional 6,194 shares in the last quarter. Federated Hermes Inc. increased its holdings in Stitch Fix by 7.7% during the 2nd quarter. Federated Hermes Inc. now owns 94,624 shares of the company’s stock worth $393,000 after purchasing an additional 6,739 shares during the period. CWM LLC raised its position 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 in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Stitch Fix by 92.3% in the 2nd quarter. SG Americas Securities LLC now owns 19,780 shares of the company’s stock worth $82,000 after buying an additional 9,494 shares during the period. Finally, Pallas Capital Advisors LLC bought a new position in shares of Stitch Fix during the 2nd quarter worth $48,000. 71.04% of the stock is currently owned by institutional investors.

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.