Stitch Fix, Inc. (NASDAQ:SFIX) Given Consensus Rating of “Hold” by Analysts

Stitch Fix, Inc. (NASDAQ:SFIX) has received an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $5.1250.

A number of analysts recently issued reports on SFIX shares. Wall Street Zen downgraded Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. Northland Securities started coverage on Stitch Fix in a research report on Thursday, May 28th. They set an “outperform” rating and a $5.00 price objective for the company. William Blair reissued a “mixed” rating on shares of Stitch Fix in a research report on Friday, March 6th. Finally, UBS Group raised their price objective on Stitch Fix from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, June 11th.

Insider Transactions at Stitch Fix

In related news, CFO David Aufderhaar sold 65,709 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $3.09, for a total transaction of $203,040.81. Following the completion of the sale, the chief financial officer directly owned 1,178,037 shares of the company’s stock, valued at approximately $3,640,134.33. This trade represents a 5.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Casey O’connor sold 60,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $3.08, for a total value of $184,800.00. Following the sale, the insider directly owned 480,334 shares of the company’s stock, valued at $1,479,428.72. The trade was a 11.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.09% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Stitch Fix

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Working Capital Advisors UK Ltd. boosted its holdings in Stitch Fix by 15.9% during the 3rd quarter. Working Capital Advisors UK Ltd. now owns 11,046,077 shares of the company’s stock valued at $48,050,000 after acquiring an additional 1,512,475 shares during the period. Vanguard Group Inc. boosted its holdings in Stitch Fix by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 7,682,725 shares of the company’s stock valued at $33,420,000 after acquiring an additional 240,584 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Stitch Fix by 73.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,664,995 shares of the company’s stock valued at $19,241,000 after acquiring an additional 1,549,902 shares during the period. State Street Corp boosted its holdings in Stitch Fix by 18.6% during the 4th quarter. State Street Corp now owns 3,239,044 shares of the company’s stock valued at $17,005,000 after acquiring an additional 508,588 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted 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 acquiring an additional 2,178,156 shares during the period. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

Stitch Fix Stock Down 1.7%

Shares of SFIX opened at $4.16 on Friday. Stitch Fix has a 52-week low of $2.95 and a 52-week high of $5.94. The company has a market capitalization of $567.92 million, a PE ratio of -32.00 and a beta of 2.31. The stock has a fifty day simple moving average of $3.53 and a two-hundred day simple moving average of $4.06.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.05. The business had revenue of $340.28 million during the quarter, compared to the consensus estimate of $333.51 million. Stitch Fix had a negative return on equity of 9.35% and a negative net margin of 1.43%.The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company earned ($0.06) EPS. As a group, equities analysts anticipate that Stitch Fix will post -0.15 earnings per share for the current fiscal year.

About Stitch Fix

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.