Stitch Fix, Inc. (NASDAQ:SFIX) Receives $4.50 Average Price Target from Analysts

Shares of Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) have been assigned an average rating of "Reduce" from the six brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $4.50.

SFIX has been the subject of a number of research reports. UBS Group boosted their target price on shares of Stitch Fix from $2.80 to $5.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Canaccord Genuity Group boosted their price objective on Stitch Fix from $5.00 to $6.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $6.00 target price on shares of Stitch Fix in a research report on Wednesday, March 12th.

Institutional Investors Weigh In On Stitch Fix

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new stake in Stitch Fix during the fourth quarter worth about $29,000. Caprock Group LLC acquired a new position in Stitch Fix in the third quarter valued at approximately $33,000. Meeder Asset Management Inc. purchased a new position in Stitch Fix in the third quarter worth approximately $44,000. Pallas Capital Advisors LLC purchased a new position in Stitch Fix in the fourth quarter worth approximately $46,000. Finally, Bellecapital International Ltd. acquired a new stake in Stitch Fix during the fourth quarter worth $55,000. Institutional investors and hedge funds own 71.04% of the company's stock.

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Stitch Fix Price Performance

SFIX stock traded down $0.24 during mid-day trading on Friday, reaching $3.59. 2,621,665 shares of the company's stock were exchanged, compared to its average volume of 2,338,177. The company has a market cap of $455.35 million, a price-to-earnings ratio of -4.33 and a beta of 2.13. Stitch Fix has a 12-month low of $2.06 and a 12-month high of $6.99. The stock's 50 day moving average is $4.82 and its 200 day moving average is $4.08.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.06. The firm had revenue of $312.11 million for the quarter, compared to analysts' expectations of $298.04 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The firm's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.29) EPS. On average, research analysts forecast that Stitch Fix will post -0.44 earnings per share for the current fiscal year.

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.