Shares of Stitch Fix Inc (NASDAQ:SFIX) have earned an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $25.83.
A number of research firms have issued reports on SFIX. Piper Jaffray Companies set a $29.00 target price on Stitch Fix and gave the company a “buy” rating in a report on Monday, January 22nd. Stifel Nicolaus raised their target price on Stitch Fix from $22.00 to $23.00 and gave the company a “hold” rating in a report on Wednesday, December 20th. Barclays initiated coverage on Stitch Fix in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $26.00 price objective for the company. Royal Bank of Canada initiated coverage on Stitch Fix in a research report on Tuesday, December 12th. They issued an “outperform” rating and a $29.00 price objective for the company. Finally, JPMorgan Chase & Co. initiated coverage on Stitch Fix in a research report on Tuesday, December 12th. They issued a “neutral” rating and a $25.00 price objective for the company.
A hedge fund recently bought a new stake in Stitch Fix stock. Gilder Gagnon Howe & Co. LLC acquired a new position in Stitch Fix Inc (NASDAQ:SFIX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,005,564 shares of the company’s stock, valued at approximately $25,974,000. Gilder Gagnon Howe & Co. LLC owned 1.04% of Stitch Fix at the end of the most recent quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.
Stitch Fix (SFIX) traded down $0.69 on Wednesday, reaching $19.38. The company’s stock had a trading volume of 280,451 shares, compared to its average volume of 508,167. Stitch Fix has a 12-month low of $14.48 and a 12-month high of $30.07.
Stitch Fix (NASDAQ:SFIX) last released its earnings results on Tuesday, December 19th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. The business had revenue of $295.60 million during the quarter, compared to analyst estimates of $294.97 million. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. equities research analysts forecast that Stitch Fix will post 0.23 earnings per share for the current fiscal year.
About Stitch Fix
Stitch Fix, Inc is an online personalized styling service company. The Company offers apparel, shoes and accessories across categories, brands, product types and price points. The Company serves its clients in the following categories: Women’s, Petite, Maternity, Men’s and Plus. The Company also offers a wide variety of product types, including denim, dresses, blouses, skirts, shoes, jewelry and handbags.
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