Stitch Fix (NASDAQ:SFIX) Given "Market Perform" Rating at Telsey Advisory Group

Key Points

• Telsey Advisory Group has reiterated a "market perform" rating for Stitch Fix (NASDAQ:SFIX) with a price target of $6.00, indicating a potential upside of 6.38% from its previous close.
• Stitch Fix reported a loss of $0.07 per share for the last quarter, outperforming the consensus estimate, and had a revenue of $311.23 million, slightly above analyst expectations.
• Insider selling activity was noted, with Director Katrina Lake selling over 151,000 shares at an average price of $5.03, and insiders collectively selling over 1 million shares in the last quarter.

Stitch Fix (NASDAQ:SFIX - Get Free Report)'s stock had its "market perform" rating reiterated by research analysts at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They presently have a $6.00 price objective on the stock. Telsey Advisory Group's price target would suggest a potential upside of 6.38% from the company's previous close.

Several other analysts have also commented on SFIX. Wall Street Zen lowered shares of Stitch Fix from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Zacks Research raised shares of Stitch Fix to a "hold" rating in a research report on Monday, August 11th. UBS Group reaffirmed a "neutral" rating on shares of Stitch Fix in a research report on Wednesday, September 17th. Finally, William Blair raised shares of Stitch Fix from a "market perform" rating to an "outperform" rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $6.00.

Stitch Fix Price Performance

SFIX opened at $5.64 on Thursday. The company's 50 day simple moving average is $5.17 and its two-hundred day simple moving average is $4.24. Stitch Fix has a 1-year low of $2.21 and a 1-year high of $6.99. The firm has a market capitalization of $735.95 million, a price-to-earnings ratio of -12.26 and a beta of 2.03.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly earnings results on Wednesday, September 24th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.03. The firm had revenue of $311.23 million for the quarter, compared to analyst estimates of $307.15 million. Stitch Fix had a negative net margin of 4.44% and a negative return on equity of 18.15%. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.30) EPS. Stitch Fix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities analysts anticipate that Stitch Fix will post -0.44 earnings per share for the current fiscal year.

Insider Activity at Stitch Fix

In related news, Director Katrina Lake sold 151,150 shares of Stitch Fix stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $5.03, for a total value of $760,284.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony Bacos sold 90,000 shares of Stitch Fix stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $5.61, for a total transaction of $504,900.00. Following the completion of the sale, the insider owned 799,966 shares of the company's stock, valued at $4,487,809.26. This trade represents a 10.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,047,536 shares of company stock worth $5,350,202 over the last quarter. Company insiders own 16.95% of the company's stock.

Institutional Trading of Stitch Fix

Institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its stake in shares of Stitch Fix by 36.3% in the fourth quarter. Ameriprise Financial Inc. now owns 424,182 shares of the company's stock worth $1,828,000 after acquiring an additional 112,974 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Stitch Fix by 8.6% in the fourth quarter. Bank of America Corp DE now owns 115,072 shares of the company's stock worth $496,000 after acquiring an additional 9,066 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Stitch Fix by 63.1% in the fourth quarter. Deutsche Bank AG now owns 77,147 shares of the company's stock worth $333,000 after acquiring an additional 29,836 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Stitch Fix by 16.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,277 shares of the company's stock worth $247,000 after acquiring an additional 8,066 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Stitch Fix by 14.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,985,413 shares of the company's stock worth $8,557,000 after acquiring an additional 255,508 shares in the last quarter. Institutional investors and hedge funds own 71.04% of the company's stock.

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.

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