Stitch Fix, Inc. (NASDAQ:SFIX) Receives $5.67 Average Target Price 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.

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) has earned an average recommendation of "Hold" from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $5.6667.

Several research analysts have recently commented on the company. Wall Street Zen lowered Stitch Fix from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. William Blair upgraded Stitch Fix from a "market perform" rating to an "outperform" rating in a research report on Monday, July 14th. Zacks Research upgraded Stitch Fix to a "hold" rating in a research report on Monday, August 11th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $6.00 price objective on shares of Stitch Fix in a research report on Wednesday, June 11th.

Insider Activity at Stitch Fix

In other Stitch Fix news, Director Katrina Lake sold 453,485 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $5.06, for a total transaction of $2,294,634.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Working Capital Advisors (Uk) sold 1,370,931 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $4.68, for a total value of $6,415,957.08. Following the completion of the sale, the insider directly owned 10,608,822 shares in the company, valued at $49,649,286.96. This represents a 11.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,328,467 shares of company stock worth $11,261,260 in the last ninety days. 16.95% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SFIX. Wescott Financial Advisory Group LLC acquired a new position in Stitch Fix during the first quarter valued at $32,000. First Dallas Securities Inc. acquired a new position in Stitch Fix during the second quarter valued at $37,000. Ameritas Investment Partners Inc. raised its position in Stitch Fix by 32.3% during the second quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company's stock valued at $40,000 after buying an additional 2,645 shares during the period. 111 Capital acquired a new position in Stitch Fix during the second quarter valued at $44,000. Finally, Creative Planning acquired a new position in Stitch Fix during the second quarter valued at $46,000. 71.04% of the stock is owned by institutional investors and hedge funds.

Stitch Fix Stock Down 2.1%

Shares of SFIX traded down $0.1050 during mid-day trading on Friday, hitting $4.9950. The stock had a trading volume of 853,141 shares, compared to its average volume of 2,172,814. The company has a market cap of $651.80 million, a PE ratio of -10.81 and a beta of 2.01. The company's fifty day simple moving average is $4.39 and its two-hundred day simple moving average is $4.14. Stitch Fix has a fifty-two week low of $2.21 and a fifty-two week high of $6.99.

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