Stitch Fix, Inc. (NASDAQ:SFIX) Given Average Recommendation of “Reduce” by Analysts

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have earned an average recommendation of “Reduce” from the six ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $4.50.

A number of brokerages have commented on SFIX. UBS Group boosted their price objective on shares of Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Canaccord Genuity Group boosted their price target on Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday, March 12th.

Hedge Funds Weigh In On Stitch Fix

Hedge funds have recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN grew its position in shares of Stitch Fix by 48.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock worth $38,731,000 after acquiring an additional 4,460,668 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Stitch Fix by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company’s stock worth $27,882,000 after purchasing an additional 457,568 shares during the period. Cooper Creek Partners Management LLC raised its holdings in shares of Stitch Fix by 1,405.2% during the fourth quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company’s stock worth $18,418,000 after purchasing an additional 3,989,362 shares during the period. Hodges Capital Management Inc. lifted its position in shares of Stitch Fix by 34.4% in the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock worth $9,518,000 after buying an additional 864,100 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Stitch Fix by 142.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,464,863 shares of the company’s stock valued at $10,624,000 after buying an additional 1,449,941 shares during the period. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Stitch Fix Price Performance

NASDAQ SFIX opened at $3.66 on Friday. The business’s 50-day simple moving average is $4.70 and its 200-day simple moving average is $4.07. The firm has a market capitalization of $464.23 million, a P/E ratio of -4.41 and a beta of 2.13. Stitch Fix has a 1-year low of $2.06 and a 1-year high of $6.99.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The company had revenue of $312.11 million for the quarter, compared to analyst estimates of $298.04 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.29) earnings per share. On average, equities research analysts expect that Stitch Fix will post -0.44 EPS for the current fiscal year.

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.