Stitch Fix, Inc. (NASDAQ:SFIX) Given Consensus Rating of “Reduce” by Analysts

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have received a consensus rating of “Reduce” from the twelve research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $3.16.

SFIX has been the topic of several recent analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 price target on shares of Stitch Fix in a research note on Tuesday, March 5th. Truist Financial dropped their target price on shares of Stitch Fix from $4.00 to $3.50 and set a “hold” rating on the stock in a research report on Tuesday, March 5th. Canaccord Genuity Group reduced their price target on shares of Stitch Fix from $4.00 to $3.50 and set a “hold” rating for the company in a report on Tuesday, March 5th. Piper Sandler dropped their price objective on shares of Stitch Fix from $3.00 to $2.25 and set an “underweight” rating on the stock in a report on Tuesday, March 5th. Finally, Sanford C. Bernstein reduced their target price on Stitch Fix from $4.00 to $3.40 and set a “market perform” rating for the company in a research note on Tuesday, March 5th.

Stitch Fix Stock Down 0.5 %

SFIX opened at $2.12 on Wednesday. The stock has a market cap of $254.76 million, a PE ratio of -2.06 and a beta of 1.90. Stitch Fix has a twelve month low of $2.06 and a twelve month high of $5.20. The company has a fifty day moving average of $2.51 and a 200-day moving average of $3.16.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Monday, March 4th. The company reported ($0.21) earnings per share for the quarter, hitting the consensus estimate of ($0.21). The firm had revenue of $330.40 million during the quarter, compared to analyst estimates of $331.73 million. Stitch Fix had a negative return on equity of 39.98% and a negative net margin of 8.29%. Sell-side analysts anticipate that Stitch Fix will post -0.81 EPS for the current fiscal year.

Insider Buying and Selling

In other Stitch Fix news, CAO Sarah Barkema sold 16,311 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $2.24, for a total transaction of $36,536.64. Following the transaction, the chief accounting officer now directly owns 138,535 shares in the company, valued at approximately $310,318.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 25.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Stitch Fix

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new position in shares of Stitch Fix in the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC grew its stake in Stitch Fix by 232.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,898 shares of the company’s stock valued at $39,000 after purchasing an additional 7,617 shares during the period. Lodestar Private Asset Management LLC purchased a new stake in shares of Stitch Fix during the 1st quarter valued at $29,000. Principal Financial Group Inc. bought a new stake in shares of Stitch Fix during the 3rd quarter worth $38,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Stitch Fix in the 4th quarter worth about $42,000. Hedge funds and other institutional investors 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.