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

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have been assigned an average recommendation of “Reduce” from the six brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $4.50.

A number of analysts recently issued reports on SFIX shares. Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday, March 12th. UBS Group boosted their price objective on Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, Canaccord Genuity Group boosted their price objective on Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th.

Hedge Funds Weigh In On Stitch Fix

A number of institutional investors have recently added to or reduced their stakes in SFIX. Rhumbline Advisers boosted its holdings in shares of Stitch Fix by 1.5% in the 4th quarter. Rhumbline Advisers now owns 149,625 shares of the company’s stock worth $645,000 after purchasing an additional 2,255 shares in the last quarter. Corebridge Financial Inc. boosted its holdings in shares of Stitch Fix by 4.8% in the 4th quarter. Corebridge Financial Inc. now owns 50,355 shares of the company’s stock worth $217,000 after purchasing an additional 2,295 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Stitch Fix by 4.1% in the 4th quarter. Federated Hermes Inc. now owns 96,504 shares of the company’s stock worth $416,000 after purchasing an additional 3,771 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Stitch Fix in the 4th quarter worth about $29,000. Finally, Cerity Partners LLC boosted its holdings in shares of Stitch Fix by 31.1% in the 4th quarter. Cerity Partners LLC now owns 29,452 shares of the company’s stock worth $124,000 after purchasing an additional 6,993 shares in the last quarter. 71.04% of the stock is currently owned by institutional investors.

Stitch Fix Price Performance

Shares of NASDAQ SFIX opened at $3.59 on Friday. Stitch Fix has a one year low of $2.06 and a one year high of $6.99. The stock has a market capitalization of $455.35 million, a PE ratio of -4.33 and a beta of 2.13. The business’s fifty day moving average price is $4.82 and its 200-day moving average price is $4.08.

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. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The company had revenue of $312.11 million for the quarter, compared to analyst estimates of $298.04 million. During the same period in the previous year, the company posted ($0.29) EPS. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, equities analysts expect that Stitch Fix will post -0.44 EPS for the current fiscal 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.