Stitch Fix (SFIX) Now Covered by Analysts at SunTrust Banks
SunTrust Banks initiated coverage on shares of Stitch Fix (NASDAQ:SFIX) in a report issued on Friday, Marketbeat reports. The brokerage issued a buy rating and a $38.00 price target on the stock.
Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Stitch Fix from a buy rating to a hold rating in a report on Thursday. Stifel Nicolaus lifted their target price on shares of Stitch Fix from $25.00 to $26.00 and gave the company a hold rating in a report on Friday, June 8th. KeyCorp started coverage on shares of Stitch Fix in a report on Tuesday, July 10th. They set an overweight rating and a $38.00 target price for the company. Finally, Wells Fargo & Co started coverage on shares of Stitch Fix in a report on Thursday, August 2nd. They set a market perform rating and a $30.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Stitch Fix currently has a consensus rating of Hold and an average price target of $28.60.
Stitch Fix traded up $1.56, reaching $33.31, during trading on Friday, according to Marketbeat. 2,732,970 shares of the company’s stock were exchanged, compared to its average volume of 2,165,659. Stitch Fix has a 1 year low of $14.48 and a 1 year high of $35.45.
In other news, Director Marka Hansen sold 3,879 shares of Stitch Fix stock in a transaction that occurred on Friday, July 6th. The shares were sold at an average price of $32.00, for a total transaction of $124,128.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Katrina Lake sold 200,000 shares of the business’s stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of $33.18, for a total transaction of $6,636,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,188,694 shares of company stock valued at $31,145,449.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Baillie Gifford & Co. increased its holdings in Stitch Fix by 18.5% in the 2nd quarter. Baillie Gifford & Co. now owns 2,290,113 shares of the company’s stock worth $62,841,000 after acquiring an additional 357,686 shares in the last quarter. Contrarius Investment Management Ltd purchased a new stake in Stitch Fix in the 1st quarter worth $6,921,000. Pier Capital LLC increased its holdings in Stitch Fix by 52.8% in the 2nd quarter. Pier Capital LLC now owns 307,150 shares of the company’s stock worth $8,428,000 after acquiring an additional 106,101 shares in the last quarter. BlackRock Inc. purchased a new stake in Stitch Fix in the 2nd quarter worth $4,147,000. Finally, Barclays PLC increased its holdings in Stitch Fix by 17,113.6% in the 1st quarter. Barclays PLC now owns 115,503 shares of the company’s stock worth $2,343,000 after acquiring an additional 114,832 shares in the last quarter. 12.37% of the stock is owned by institutional investors.
Stitch Fix Company Profile
Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men and women under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc in October 2011.
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