Stitch Fix, Inc. (NASDAQ:SFIX) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Stitch Fix, with four hold, one sell and one buy rating among six firms. The average 12-month price target is $5.00, compared with the stock’s recent price of $2.84.
• Company insiders sold 657,971 shares worth approximately $2.63 million over the past 90 days, though the reported transactions were conducted under pre-arranged Rule 10b5-1 plans. Insiders own 16.09% of the company.
• SFIX opened at $2.84 and trades near its 12-month low of $2.81, below its 50-day and 200-day moving averages of $3.49 and $3.54. Institutional investors own approximately 71.04% of the stock.

Shares of Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) have received a consensus recommendation of "Hold" from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $5.00.

SFIX has been the subject of a number of recent research reports. UBS Group lowered their target price on Stitch Fix from $4.50 to $4.00 and set a "neutral" rating for the company in a research note on Wednesday, September 2nd. Northland Securities began coverage on Stitch Fix in a report on Thursday, May 28th. They issued an "outperform" rating and a $5.00 price target for the company. Finally, Weiss Ratings raised shares of Stitch Fix from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, July 13th.

Insider Buying and Selling at Stitch Fix

In other Stitch Fix news, insider Anthony Bacos sold 70,000 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $4.09, for a total value of $286,300.00. Following the transaction, the insider owned 951,994 shares in the company, valued at $3,893,655.46. The trade was a 6.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Aufderhaar sold 67,960 shares of the company's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $3.79, for a total transaction of $257,568.40. Following the completion of the transaction, the chief financial officer directly owned 1,102,369 shares of the company's stock, valued at approximately $4,177,978.51. The trade was a 5.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 657,971 shares of company stock worth $2,634,317 in the last ninety days. 16.09% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SFIX. WINTON GROUP Ltd purchased a new position in shares of Stitch Fix during the 2nd quarter valued at approximately $263,000. Allworth Financial LP grew its position in shares of Stitch Fix by 44.4% during the second quarter. Allworth Financial LP now owns 12,793 shares of the company's stock worth $53,000 after buying an additional 3,932 shares in the last quarter. Corient Private Wealth LP bought a new stake in shares of Stitch Fix in the second quarter worth $154,000. HB Wealth Management LLC bought a new stake in shares of Stitch Fix in the second quarter worth $45,000. Finally, AXQ Capital LP acquired a new stake in Stitch Fix in the second quarter valued at $108,000. Hedge funds and other institutional investors own 71.04% of the company's stock.

Stitch Fix Trading Down 2.4%

Shares of NASDAQ SFIX opened at $2.84 on Friday. The stock has a fifty day moving average price of $3.49 and a 200 day moving average price of $3.54. Stitch Fix has a 12-month low of $2.81 and a 12-month high of $5.94. The company has a market cap of $378.94 million, a P/E ratio of -35.50 and a beta of 2.27.

Stitch Fix Company Profile

Stitch Fix, Inc is an online personal styling company that uses data science, personalization technology and human stylists to recommend apparel and accessories to customers. Its offerings include clothing, shoes and accessories across categories such as women's, men's and children's apparel, with selections tailored to individual preferences, sizes, budgets and lifestyles.

The company's primary service, traditionally known as a “Fix,” delivers a curated selection of items for customers to try at home, after which they can purchase the items they want and return the rest.

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