Stitch Fix, Inc. (NASDAQ:SFIX) Receives $3.60 Consensus Price Target from Brokerages

Stitch Fix, Inc. (NASDAQ:SFIX) has earned an average rating of “Reduce” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $3.57.

A number of analysts recently weighed in on the stock. Canaccord Genuity Group increased their price objective on shares of Stitch Fix from $3.50 to $5.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Telsey Advisory Group restated a “market perform” rating and issued a $4.00 target price on shares of Stitch Fix in a research report on Wednesday, December 4th. Finally, UBS Group lifted their price target on Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th.

Stitch Fix Stock Down 1.1 %

Shares of NASDAQ SFIX opened at $4.58 on Thursday. The firm’s 50-day moving average price is $3.53 and its two-hundred day moving average price is $3.67. Stitch Fix has a 52-week low of $2.06 and a 52-week high of $5.05. The stock has a market capitalization of $580.92 million, a P/E ratio of -4.24 and a beta of 1.99.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Tuesday, September 24th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.07. Stitch Fix had a negative return on equity of 40.62% and a negative net margin of 9.63%. The business had revenue of $319.55 million during the quarter, compared to analyst estimates of $317.48 million. As a group, equities research analysts expect that Stitch Fix will post -0.61 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in Stitch Fix by 68.0% in the 3rd quarter. Franklin Resources Inc. now owns 144,261 shares of the company’s stock valued at $391,000 after acquiring an additional 58,412 shares during the last quarter. Virtu Financial LLC acquired a new stake in Stitch Fix during the third quarter valued at approximately $196,000. Barclays PLC boosted its holdings in Stitch Fix by 30.7% during the third quarter. Barclays PLC now owns 168,953 shares of the company’s stock worth $475,000 after buying an additional 39,713 shares in the last quarter. Geode Capital Management LLC grew its position in Stitch Fix by 3.8% in the third quarter. Geode Capital Management LLC now owns 2,294,925 shares of the company’s stock worth $6,473,000 after buying an additional 83,220 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its position 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 valued at $38,731,000 after acquiring an additional 4,460,668 shares during the last quarter. Institutional investors own 71.04% of the company’s stock.

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.