Stitch Fix, Inc. (NASDAQ:SFIX) Receives $4.50 Average Price Target from Analysts

Shares of Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) have received a consensus recommendation of "Reduce" from the six ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $4.50.

Separately, Telsey Advisory Group reiterated a "market perform" rating and set a $6.00 target price on shares of Stitch Fix in a research report on Wednesday, March 12th.

Insider Activity at Stitch Fix

In related news, insider Casey O'connor sold 50,000 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $3.04, for a total transaction of $152,000.00. Following the sale, the insider now owns 575,755 shares of the company's stock, valued at $1,750,295.20. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 16.95% of the stock is currently owned by corporate insiders.

Institutional Trading of Stitch Fix

A number of institutional investors have recently modified their holdings of the company. Ieq Capital LLC purchased a new stake in Stitch Fix during the fourth quarter valued at approximately $299,000. Geode Capital Management LLC increased its position in shares of Stitch Fix by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 2,459,014 shares of the company's stock worth $10,601,000 after purchasing an additional 164,089 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Stitch Fix by 72.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company's stock valued at $455,000 after purchasing an additional 67,892 shares during the last quarter. Vanguard Group Inc. grew 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 buying an additional 457,568 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Stitch Fix during the 4th quarter valued at about $661,000. 71.04% of the stock is currently owned by institutional investors.

Stitch Fix Price Performance

Shares of SFIX traded up $0.04 during midday trading on Friday, hitting $3.32. The stock had a trading volume of 1,046,768 shares, compared to its average volume of 2,450,423. Stitch Fix has a 1 year low of $2.10 and a 1 year high of $6.99. The stock's 50 day moving average is $3.45 and its 200 day moving average is $4.07. The firm has a market cap of $427.61 million, a PE ratio of -4.00 and a beta of 2.00.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.06. The business had revenue of $312.11 million during the quarter, compared to the consensus estimate of $298.04 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The firm's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.29) earnings per share. As a group, equities research analysts expect that Stitch Fix will post -0.44 earnings per share 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.