Stitch Fix’s (SFIX) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Stitch Fix (NASDAQ:SFIX) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $6.00 target price on the stock.

SFIX has been the topic of several other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stitch Fix in a research report on Wednesday, October 8th. William Blair raised shares of Stitch Fix from a “market perform” rating to an “outperform” rating in a research report on Monday, July 14th. Zacks Research raised shares of Stitch Fix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Sanford C. Bernstein reissued a “market perform” rating and issued a $6.00 price target on shares of Stitch Fix in a research report on Thursday, September 25th. Finally, UBS Group reissued a “neutral” rating on shares of Stitch Fix in a research report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.00.

Stitch Fix Stock Performance

Shares of SFIX opened at $4.22 on Wednesday. The firm has a market cap of $565.94 million, a PE ratio of -9.17 and a beta of 2.08. The firm’s 50 day moving average price is $4.92 and its 200 day moving average price is $4.42. Stitch Fix has a twelve month low of $2.60 and a twelve month high of $6.99.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings data on Wednesday, September 24th. The company reported ($0.07) earnings per share 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 2.27% and a negative return on equity of 14.57%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.30) earnings per share. Stitch Fix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, sell-side analysts anticipate that Stitch Fix will post -0.44 earnings per share for the current fiscal year.

Insider Transactions at Stitch Fix

In other news, Director Katrina Lake sold 151,150 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $5.03, for a total value of $760,284.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Anthony Bacos sold 90,000 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was 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 in the company, valued at approximately $4,487,809.26. The trade was a 10.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 291,150 shares of company stock worth $1,485,685. Insiders own 16.95% of the company’s stock.

Institutional Investors Weigh In On Stitch Fix

Several hedge funds and other institutional investors have recently modified their holdings of SFIX. Fund 1 Investments LLC grew its stake in shares of Stitch Fix by 44.6% in the second quarter. Fund 1 Investments LLC now owns 9,943,821 shares of the company’s stock worth $36,792,000 after acquiring an additional 3,064,901 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Stitch Fix by 4,898.1% in the second 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. Nuveen LLC acquired a new stake in shares of Stitch Fix in the first quarter worth $4,159,000. Shay Capital LLC acquired a new stake in shares of Stitch Fix in the second quarter worth $3,570,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Stitch Fix in the second quarter worth $2,803,000. Institutional investors and hedge funds own 71.04% of the company’s stock.

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.