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

Shares of Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) have been assigned a consensus rating of "Reduce" from the six research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $4.50.

Separately, 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.

Insiders Place Their Bets

In related news, insider Casey O'connor sold 50,000 shares of Stitch Fix stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $3.04, for a total value of $152,000.00. Following the completion of the transaction, the insider now owns 575,755 shares in the company, valued at $1,750,295.20. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.95% of the company's stock.

Hedge Funds Weigh In On Stitch Fix

Hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in shares of Stitch Fix during the 4th quarter valued at approximately $29,000. Pallas Capital Advisors LLC acquired a new position in shares of Stitch Fix during the 4th quarter worth about $46,000. Bellecapital International Ltd. purchased a new position in Stitch Fix in the 4th quarter valued at about $55,000. Savant Capital LLC acquired a new stake in Stitch Fix in the 4th quarter worth about $79,000. Finally, Polymer Capital Management US LLC purchased a new stake in Stitch Fix during the 4th quarter worth approximately $82,000. Hedge funds and other institutional investors own 71.04% of the company's stock.

Stitch Fix Price Performance

Stitch Fix stock traded down $0.13 during midday trading on Friday, reaching $3.47. The company's stock had a trading volume of 342,638 shares, compared to its average volume of 2,234,828. The stock has a market capitalization of $446.93 million, a P/E ratio of -4.18 and a beta of 2.00. The stock's 50-day simple moving average is $3.41 and its 200-day simple moving average is $4.07. Stitch Fix has a 52-week low of $2.10 and a 52-week high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) EPS 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 net margin of 7.71% and a negative return on equity of 32.71%. Stitch Fix's revenue was down 5.5% on a year-over-year basis. During the same period last year, the firm posted ($0.29) EPS. As a group, equities research analysts expect that Stitch Fix will post -0.44 earnings per share for the current fiscal year.

About Stitch Fix

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.