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

Stitch Fix, Inc. (NASDAQ:SFIX) has received an average rating of “Reduce” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $4.50.

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 target price on shares of Stitch Fix in a research note on Wednesday, March 12th.

Stitch Fix Stock Performance

SFIX stock opened at $2.99 on Wednesday. Stitch Fix has a one year low of $2.06 and a one year high of $6.99. The firm’s fifty day moving average is $4.11 and its 200 day moving average is $4.03. The firm has a market cap of $385.10 million, a PE ratio of -3.60 and a beta of 2.03.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06. The firm had revenue of $312.11 million during the quarter, compared to analyst estimates of $298.04 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. Stitch Fix’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.29) EPS. Research analysts predict that Stitch Fix will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stitch Fix

Several large investors have recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN boosted its stake in shares of Stitch Fix by 48.1% in 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 last quarter. Vanguard Group Inc. boosted its stake in Stitch Fix by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company’s stock worth $27,882,000 after purchasing an additional 457,568 shares during the last quarter. Cooper Creek Partners Management LLC boosted its stake in 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 during the last quarter. Jacobs Levy Equity Management Inc. grew 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 buying an additional 1,449,941 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Stitch Fix by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 2,459,014 shares of the company’s stock valued at $10,601,000 after buying an additional 164,089 shares during the last quarter. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

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.