#5 - Stitch Fix (NASDAQ:SFIX)
The second specialty retailer on this list is Stitch Fix (NASDAQ: SFIX) which uses recommendation algorithms and data science to personalize clothing items based on the size, budget, and style of its customers.
The online curated clothes retailer saw sales increase in 2020 as work-from-home still meant having employees keep their wardrobe “video call” appropriate. The company also introduced features such as its “Freestyle” program that gave consumers more options to pick out their own selections. The company sees this service as being complementary to the “fixes” provided by its in-house stylists as they can use the customer data to minimize returns and increase the profitability of each shipment.
In fact, in late January 2021, SFIX stock had climbed 749% from its pandemic low of April 2020. However, the stock tumbled sharply shortly after that as investors realized they may have allowed the stock to get ahead of itself.
The long-term outlook for Stitch Fix remains strong. Analysts give SFIX stock a bullish price target of $83.26 that would be a gain of over 144.5% from the stock’s current price.
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.
Read More - Current Price
- $4.27
- Consensus Rating
- Reduce
- Ratings Breakdown
- 0 Buy Ratings, 9 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $3.27 (23.5% Downside)
