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

Key Points

• Stitch Fix, Inc. has received a consensus rating of "Hold" from five analysts, with four recommending a hold and one a buy, and an average twelve-month target price of $5.67.
• Recent insider trading saw significant share sales, including Casey O'Connor and Katrina Lake, with over 2.3 million shares sold in the last three months, suggesting notable insider activity.
• The company reported a ($0.06) EPS in its last quarterly earnings, beating estimates, but continues to show negative net margins and a projected EPS of (-0.44) for the current fiscal year.

Shares of Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) have received a consensus rating of "Hold" from the five analysts that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.6667.

Several research analysts recently issued reports on the stock. Zacks Research raised shares of Stitch Fix to a "hold" rating in a report on Monday, August 11th. Wall Street Zen lowered shares of Stitch Fix from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. William Blair raised shares of Stitch Fix from a "market perform" rating to an "outperform" rating in a research report on Monday, July 14th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $6.00 price target on shares of Stitch Fix in a research note on Wednesday, June 11th.

Stitch Fix Stock Up 1.2%

NASDAQ:SFIX opened at $4.93 on Friday. The stock has a market capitalization of $643.32 million, a PE ratio of -10.72 and a beta of 2.01. The stock's 50-day moving average price is $4.36 and its 200-day moving average price is $4.14. Stitch Fix has a 52 week low of $2.21 and a 52 week high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.05. Stitch Fix had a negative net margin of 4.44% and a negative return on equity of 18.15%. During the same quarter last year, the firm posted ($0.18) EPS. The company's quarterly revenue was up .7% compared to the same quarter last year. Sell-side analysts expect that Stitch Fix will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Stitch Fix news, insider Casey O'connor sold 31,248 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $5.34, for a total value of $166,864.32. Following the completion of the sale, the insider directly owned 498,621 shares of the company's stock, valued at $2,662,636.14. The trade was a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Katrina Lake sold 151,150 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $5.03, for a total transaction of $760,284.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,328,467 shares of company stock valued at $11,261,260. 16.95% of the stock is owned by company insiders.

Hedge Funds Weigh In On Stitch Fix

Large investors have recently bought and sold shares of the stock. Fund 1 Investments LLC raised its stake in shares of Stitch Fix by 44.6% in the 2nd quarter. Fund 1 Investments LLC now owns 9,943,821 shares of the company's stock valued at $36,792,000 after buying an additional 3,064,901 shares in the last quarter. Marshall Wace LLP grew its holdings in Stitch Fix by 4,898.1% during the 2nd quarter. Marshall Wace LLP now owns 2,010,034 shares of the company's stock worth $7,437,000 after acquiring an additional 1,969,818 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Stitch Fix by 142.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,464,863 shares of the company's stock worth $10,624,000 after purchasing an additional 1,449,941 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Stitch Fix during the 1st quarter worth approximately $4,159,000. Finally, Shay Capital LLC bought a new stake in shares of Stitch Fix during the 2nd quarter valued at $3,570,000. 71.04% of the stock is currently owned by institutional investors and hedge funds.

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.

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