Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) has received an average recommendation of "Reduce" from the six research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $4.50.
A number of equities research analysts recently weighed in on SFIX shares. UBS Group increased their price target on Stitch Fix from $2.80 to $5.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Telsey Advisory Group reissued a "market perform" rating and set a $6.00 target price on shares of Stitch Fix in a report on Wednesday, March 12th. Finally, Canaccord Genuity Group upped their price objective on Stitch Fix from $5.00 to $6.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th.
Check Out Our Latest Stock Analysis on SFIX
Hedge Funds Weigh In On Stitch Fix
A number of hedge funds have recently made changes to their positions in the stock. Disciplined Growth Investors Inc. MN raised its position in shares of Stitch Fix by 48.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company's stock worth $38,731,000 after acquiring an additional 4,460,668 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Stitch Fix by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company's stock worth $27,882,000 after acquiring an additional 457,568 shares during the last quarter. Cooper Creek Partners Management LLC raised its position in shares of Stitch Fix by 1,405.2% during the fourth quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company's stock worth $18,418,000 after acquiring an additional 3,989,362 shares during the last quarter. Hodges Capital Management Inc. grew its stake in Stitch Fix by 34.4% during the third quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company's stock worth $9,518,000 after purchasing an additional 864,100 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in Stitch Fix by 142.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,464,863 shares of the company's stock worth $10,624,000 after purchasing an additional 1,449,941 shares during the period. 71.04% of the stock is currently owned by institutional investors.
Stitch Fix Stock Performance
NASDAQ SFIX traded down $0.03 during trading on Friday, hitting $3.56. The stock had a trading volume of 2,731,011 shares, compared to its average volume of 2,350,154. The company has a market capitalization of $451.54 million, a PE ratio of -4.29 and a beta of 2.13. The company's 50-day moving average price is $4.82 and its two-hundred day moving average price is $4.08. Stitch Fix has a 12 month low of $2.06 and a 12 month high of $6.99.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.06. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The company had revenue of $312.11 million for the quarter, compared to analysts' expectations of $298.04 million. During the same quarter in the prior year, the business posted ($0.29) EPS. The business's revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Stitch Fix will post -0.44 earnings per share for the current fiscal year.
Stitch Fix Company Profile
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Get Free ReportStitch 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.
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