Stitch Fix, Inc. (NASDAQ:SFIX) Stock Has Average Target Price of $3.40 According to Brokerages

Stitch Fix, Inc. (NASDAQ:SFIX – Get Free Report) has been given an average recommendation of “Hold” by the eight ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $3.40.

A number of research firms recently issued reports on SFIX. Telsey Advisory Group dropped their price objective on shares of Stitch Fix from $5.00 to $3.00 and set a “market perform” rating on the stock in a report on Thursday, September 24th. Weiss Ratings cut Stitch Fix from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 23rd. UBS Group cut their price objective on Stitch Fix from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Thursday, September 24th. Sanford C. Bernstein restated a “market perform” rating and issued a $4.00 price target on shares of Stitch Fix in a research report on Thursday, September 24th. Finally, William Blair lowered Stitch Fix from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 24th.

Read Our Latest Research Report on Stitch Fix

Hedge Funds Weigh In On Stitch Fix

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its position in Stitch Fix by 4.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 194,440 shares of the company’s stock valued at $498,000 after purchasing an additional 7,720 shares in the last quarter. Simplicity Wealth LLC boosted its position in shares of Stitch Fix by 37.7% in the 3rd quarter. Simplicity Wealth LLC now owns 65,635 shares of the company’s stock worth $168,000 after purchasing an additional 17,972 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of Stitch Fix during the third quarter worth about $202,000. State of Alaska Department of Revenue grew its position in Stitch Fix by 679.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 57,357 shares of the company’s stock worth $146,000 after purchasing an additional 50,000 shares during the last quarter. Finally, State Street Corp increased its position in shares of Stitch Fix by 10.1% in the 2nd quarter. State Street Corp now owns 3,503,504 shares of the company’s stock valued at $14,399,000 after acquiring an additional 322,030 shares during the period. 71.04% of the stock is currently owned by institutional investors.

Stitch Fix Stock Performance

SFIX stock opened at $2.74 on Monday. The company’s 50 day moving average price is $2.75 and its two-hundred day moving average price is $3.48. Stitch Fix has a one year low of $2.10 and a one year high of $5.74. The company has a market capitalization of $366.06 million, a PE ratio of -27.40 and a beta of 2.45.

Stitch Fix (NASDAQ:SFIX – Get Free Report) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The company had revenue of $324.42 million during the quarter, compared to analysts’ expectations of $325.50 million. Stitch Fix had a negative net margin of 0.94% and a negative return on equity of 5.75%. Stitch Fix’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted ($0.07) EPS. On average, research analysts predict that Stitch Fix will post -0.15 EPS for the current year.

Stitch Fix Company Profile

(Get Free Report)

Stitch Fix, Inc is an online personal styling company that uses data science, technology and human stylists to recommend apparel and accessories tailored to individual customers. Its service is designed to help consumers discover clothing through personalized selections based on their stated preferences, fit information, lifestyle and purchase history.

The company’s primary offering is its “Fix” experience, in which customers receive a curated shipment of merchandise selected by Stitch Fix and can keep the items they want while returning the rest.

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Analyst Recommendations for Stitch Fix (NASDAQ:SFIX)

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