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

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) has been given a consensus recommendation of "Reduce" by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $3.96.

A number of research firms have weighed in on SFIX. UBS Group upped their target price on Stitch Fix from $2.80 to $5.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Telsey Advisory Group upped their price objective on Stitch Fix from $4.00 to $6.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 11th. Finally, Canaccord Genuity Group raised their price objective on Stitch Fix from $5.00 to $6.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th.

Stitch Fix Trading Down 2.1 %

Shares of Stitch Fix stock traded down $0.11 during trading on Friday, hitting $4.83. 1,175,848 shares of the stock traded hands, compared to its average volume of 2,648,911. Stitch Fix has a 52-week low of $2.06 and a 52-week high of $6.99. The stock's fifty day simple moving average is $4.47 and its 200 day simple moving average is $3.91. The firm has a market cap of $612.00 million, a P/E ratio of -5.86 and a beta of 1.99.

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

Insider Buying and Selling

In related news, Director Katrina Lake sold 725,002 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total value of $4,190,511.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Anthony Bacos sold 16,720 shares of the firm's stock in a transaction 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 of the company's stock, valued at $4,213,364.82. This trade represents a 1.80 % decrease in their position. The disclosure for this sale can be found here. 16.95% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Caprock Group LLC purchased a new stake in Stitch Fix in the third quarter valued at approximately $33,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Stitch Fix in the third quarter worth $36,000. Meeder Asset Management Inc. purchased a new position in shares of Stitch Fix during the third quarter worth $44,000. Pallas Capital Advisors LLC acquired a new position in Stitch Fix during the fourth quarter valued at $46,000. Finally, CWM LLC boosted its holdings in Stitch Fix by 112.1% in the third quarter. CWM LLC now owns 25,175 shares of the company's stock valued at $71,000 after purchasing an additional 13,308 shares during the last quarter. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

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.