Stitch Fix, Inc. (NASDAQ:SFIX) Receives Average Recommendation of "Reduce" from Brokerages

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) has earned a consensus rating of "Reduce" from the nine brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $3.96.

Several equities research analysts recently weighed in on SFIX shares. UBS Group increased their target price on Stitch Fix from $2.80 to $5.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Canaccord Genuity Group increased their target price on Stitch Fix from $5.00 to $6.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. Finally, Telsey Advisory Group increased their price objective on Stitch Fix from $4.00 to $6.00 and gave the stock a "market perform" rating in a report on Wednesday, December 11th.

Insider Activity

In other news, insider Anthony Bacos sold 16,720 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $4.61, for a total value of $77,079.20. Following the completion of the transaction, the insider now owns 913,962 shares in the company, valued at $4,213,364.82. This trade represents a 1.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Katrina Lake sold 725,002 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $5.78, for a total value of $4,190,511.56. The disclosure for this sale can be found here. 16.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SFIX. Disciplined Growth Investors Inc. MN lifted its stake in shares of Stitch Fix by 48.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company's stock valued at $38,731,000 after purchasing an additional 4,460,668 shares during the period. Cooper Creek Partners Management LLC increased its position in Stitch Fix by 1,405.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company's stock valued at $18,418,000 after buying an additional 3,989,362 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in Stitch Fix by 142.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,464,863 shares of the company's stock valued at $10,624,000 after buying an additional 1,449,941 shares in the last quarter. Hodges Capital Management Inc. increased its position in Stitch Fix by 34.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company's stock valued at $9,518,000 after buying an additional 864,100 shares in the last quarter. Finally, Norges Bank bought a new position in Stitch Fix during the 4th quarter valued at approximately $3,183,000. Hedge funds and other institutional investors own 71.04% of the company's stock.

Stitch Fix Stock Performance

SFIX stock traded down $0.38 during trading on Tuesday, hitting $5.02. 1,864,723 shares of the company traded hands, compared to its average volume of 2,223,215. The firm has a market capitalization of $636.74 million, a PE ratio of -6.05 and a beta of 1.99. Stitch Fix has a 1 year low of $2.06 and a 1 year high of $6.99. The company has a 50-day moving average of $4.70 and a 200-day moving average of $3.98.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $318.82 million during the quarter, compared to analysts' expectations of $306.88 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. Stitch Fix's quarterly revenue was down 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.30) EPS. Sell-side analysts expect that Stitch Fix will post -0.44 EPS for the current year.

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.