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

Stitch Fix, Inc. (NASDAQ:SFIX) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $6.00.

A number of equities research analysts have weighed in on SFIX shares. Zacks Research downgraded Stitch Fix from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Telsey Advisory Group reissued a “market perform” rating and set a $6.00 price objective on shares of Stitch Fix in a report on Monday, December 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stitch Fix in a research note on Thursday, January 22nd. Finally, Wall Street Zen cut shares of Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd.

Stitch Fix Stock Up 0.3%

NASDAQ:SFIX opened at $3.65 on Friday. The stock has a market cap of $489.83 million, a P/E ratio of -22.81 and a beta of 2.23. The business’s 50-day moving average price is $5.04 and its two-hundred day moving average price is $4.83. Stitch Fix has a twelve month low of $2.60 and a twelve month high of $5.94.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings data on Thursday, December 4th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). Stitch Fix had a negative return on equity of 14.38% and a negative net margin of 2.23%.The company had revenue of $342.13 million during the quarter, compared to analyst estimates of $335.74 million. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. Stitch Fix’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Stitch Fix will post -0.44 EPS for the current fiscal year.

Insider Activity

In related news, Director Katrina Lake sold 303,450 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $5.19, for a total transaction of $1,574,905.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David Aufderhaar sold 24,114 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $5.13, for a total transaction of $123,704.82. Following the sale, the chief financial officer owned 1,251,862 shares of the company’s stock, valued at $6,422,052.06. This represents a 1.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 494,498 shares of company stock valued at $2,578,645. 16.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Stitch Fix

A number of hedge funds have recently modified their holdings of the company. Fund 1 Investments LLC boosted its holdings in shares of Stitch Fix by 44.6% during the second quarter. Fund 1 Investments LLC now owns 9,943,821 shares of the company’s stock worth $36,792,000 after purchasing an additional 3,064,901 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Stitch Fix by 302.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,897,171 shares of the company’s stock valued at $12,603,000 after purchasing an additional 2,178,156 shares during the period. Marshall Wace LLP raised its position 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 valued at $7,437,000 after purchasing an additional 1,969,818 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Stitch Fix by 73.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,664,995 shares of the company’s stock worth $19,241,000 after buying an additional 1,549,902 shares during the period. Finally, Working Capital Advisors UK Ltd. grew its position in shares of Stitch Fix by 15.9% in the 3rd quarter. Working Capital Advisors UK Ltd. now owns 11,046,077 shares of the company’s stock worth $48,050,000 after buying an additional 1,512,475 shares during the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Stitch Fix Company Profile

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.