Stitch Fix (NASDAQ:SFIX) Earns "Market Perform" Rating from Telsey Advisory Group

Stitch Fix (NASDAQ:SFIX - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities researchers at Telsey Advisory Group in a note issued to investors on Tuesday,Benzinga reports. They currently have a $6.00 target price on the stock. Telsey Advisory Group's target price would indicate a potential upside of 36.36% from the stock's previous close.

Several other equities analysts also recently issued reports on SFIX. UBS Group increased their price objective on shares of 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 shares of Stitch Fix from $5.00 to $6.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, Stitch Fix currently has a consensus rating of "Hold" and a consensus target price of $3.96.

Stitch Fix Trading Down 0.5 %

SFIX traded down $0.02 during midday trading on Tuesday, hitting $4.40. 2,545,024 shares of the company traded hands, compared to its average volume of 2,323,010. The company has a market capitalization of $558.09 million, a price-to-earnings ratio of -5.30 and a beta of 1.99. Stitch Fix has a 52-week low of $2.06 and a 52-week high of $6.99. The business has a 50 day simple moving average of $4.83 and a two-hundred day simple moving average of $4.06.

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

Insider Buying and Selling

In related news, Director Katrina Lake sold 725,002 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $5.78, for a total transaction of $4,190,511.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony Bacos sold 16,720 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $4.61, for a total transaction of $77,079.20. Following the sale, the insider now owns 913,962 shares of the company's stock, valued at approximately $4,213,364.82. The trade was a 1.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.95% of the stock is owned by company insiders.

Institutional Investors Weigh In On Stitch Fix

Hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Stitch Fix during the fourth quarter worth about $29,000. Pallas Capital Advisors LLC acquired a new stake in shares of Stitch Fix during the fourth quarter valued at about $46,000. Caprock Group LLC acquired a new stake in shares of Stitch Fix during the third quarter valued at about $33,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Stitch Fix during the third quarter valued at about $36,000. Finally, Bellecapital International Ltd. acquired a new stake in shares of Stitch Fix during the fourth quarter valued at about $55,000. 71.04% of the stock is currently owned by institutional investors and hedge funds.

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.