Stitch Fix’s (SFIX) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Stitch Fix (NASDAQ:SFIX) in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a $6.00 target price on the stock.

Several other equities analysts also recently commented on the stock. William Blair upgraded shares of Stitch Fix from a “market perform” rating to an “outperform” rating in a research note on Monday, July 14th. Zacks Research raised shares of Stitch Fix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stitch Fix in a report on Wednesday, October 8th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $6.00 target price on shares of Stitch Fix in a report on Thursday, September 25th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Stitch Fix in a report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.00.

Stitch Fix Stock Up 3.2%

Stitch Fix stock opened at $4.19 on Wednesday. The stock has a market cap of $561.92 million, a P/E ratio of -9.11 and a beta of 2.08. Stitch Fix has a twelve month low of $2.60 and a twelve month high of $6.99. The company’s 50-day moving average price is $4.88 and its two-hundred day moving average price is $4.43.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Wednesday, September 24th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.03. The firm had revenue of $311.23 million for the quarter, compared to analysts’ expectations of $307.15 million. Stitch Fix had a negative net margin of 2.27% and a negative return on equity of 14.57%. The business’s revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.30) EPS. Stitch Fix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts anticipate that Stitch Fix will post -0.44 earnings per share for the current fiscal year.

Insider Activity at Stitch Fix

In related news, insider Casey O’connor sold 50,000 shares of Stitch Fix stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $4.41, for a total value of $220,500.00. Following the transaction, the insider directly owned 431,441 shares of the company’s stock, valued at $1,902,654.81. This trade represents a 10.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Anthony Bacos sold 90,000 shares of the business’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $5.61, for a total transaction of $504,900.00. Following the sale, the insider directly owned 799,966 shares in the company, valued at approximately $4,487,809.26. The trade was a 10.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 291,150 shares of company stock valued at $1,485,685 over the last three months. 16.95% of the stock is owned by insiders.

Institutional Trading of Stitch Fix

A number of hedge funds and other institutional investors have recently modified their holdings of SFIX. Diversified Trust Co bought a new stake in shares of Stitch Fix during the first quarter worth $99,000. Bank of New York Mellon Corp grew its stake in shares of Stitch Fix by 7.9% during the first quarter. Bank of New York Mellon Corp now owns 278,804 shares of the company’s stock worth $906,000 after buying an additional 20,505 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Stitch Fix by 32.5% during the first quarter. Cerity Partners LLC now owns 39,029 shares of the company’s stock worth $127,000 after buying an additional 9,577 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Stitch Fix by 8.3% during the first quarter. Federated Hermes Inc. now owns 104,495 shares of the company’s stock worth $340,000 after buying an additional 7,991 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Stitch Fix by 7.9% during the first quarter. Vanguard Group Inc. now owns 6,982,536 shares of the company’s stock worth $22,693,000 after purchasing an additional 513,422 shares during the period. Institutional investors own 71.04% of the company’s stock.

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.