Stitch Fix, Inc. (NASDAQ:SFIX) Given Consensus Rating of "Reduce" by Brokerages

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) has received an average recommendation of "Reduce" from the six analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $4.50.

Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday, March 12th.

Stitch Fix Price Performance

Stitch Fix stock traded up $0.03 during mid-day trading on Wednesday, reaching $2.99. 1,436,804 shares of the company were exchanged, compared to its average volume of 2,444,313. The firm has a market cap of $385.10 million, a PE ratio of -3.60 and a beta of 2.03. The company has a fifty day simple moving average of $4.11 and a 200-day simple moving average of $4.03. 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 posted its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.06. The business had revenue of $312.11 million during the quarter, compared to the consensus estimate of $298.04 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. Stitch Fix's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.29) earnings per share. Sell-side analysts anticipate that Stitch Fix will post -0.44 earnings per share for the current year.

Hedge Funds Weigh In On Stitch Fix

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Stitch Fix by 48.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company's stock worth $38,731,000 after buying an additional 4,460,668 shares in the last quarter. Cooper Creek Partners Management LLC increased 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 in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Stitch Fix by 142.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,464,863 shares of the company's stock worth $10,624,000 after acquiring an additional 1,449,941 shares during the last quarter. Norges Bank bought a new position in Stitch Fix in the 4th quarter valued at about $3,183,000. Finally, Two Sigma Investments LP boosted its stake in Stitch Fix by 300.4% during the 4th quarter. Two Sigma Investments LP now owns 911,349 shares of the company's stock valued at $3,928,000 after purchasing an additional 683,751 shares during the last quarter. Institutional investors and hedge funds own 71.04% of the company's stock.

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.