Stitch Fix (NASDAQ:SFIX) Earns “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Stitch Fix (NASDAQ:SFIX) in a research note released on Wednesday morning, Benzinga reports. They currently have a $4.00 target price on the stock. Telsey Advisory Group also issued estimates for Stitch Fix’s Q1 2025 earnings at ($0.16) EPS, Q2 2025 earnings at ($0.23) EPS, Q3 2025 earnings at ($0.19) EPS, Q4 2025 earnings at ($0.16) EPS, FY2025 earnings at ($0.73) EPS and FY2026 earnings at ($0.67) EPS.

SFIX has been the topic of a number of other reports. UBS Group lifted their price objective on shares of Stitch Fix from $2.80 to $3.80 and gave the company a neutral rating in a research note on Monday, July 8th. Mizuho increased their price target on Stitch Fix from $2.00 to $3.00 and gave the company an underperform rating in a research note on Monday, June 10th. Wedbush reissued a neutral rating and set a $3.00 target price on shares of Stitch Fix in a research report on Wednesday, June 5th. Canaccord Genuity Group upped their target price on Stitch Fix from $3.50 to $4.50 and gave the company a hold rating in a research report on Thursday, June 27th. Finally, Truist Financial increased their price target on Stitch Fix from $3.50 to $4.00 and gave the stock a hold rating in a report on Wednesday, June 5th. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat.com, Stitch Fix presently has a consensus rating of Hold and an average price target of $3.36.

Stitch Fix Stock Up 12.3 %

Shares of SFIX stock opened at $2.84 on Wednesday. Stitch Fix has a 12-month low of $2.06 and a 12-month high of $5.05. The company has a market capitalization of $347.45 million, a PE ratio of -2.78 and a beta of 1.92. The firm has a 50 day moving average price of $3.76 and a two-hundred day moving average price of $3.23.

Insider Activity

In related news, Director Katrina Lake sold 537,007 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $5.01, for a total value of $2,690,405.07. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Stitch Fix news, insider Anthony Bacos sold 42,381 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $4.13, for a total value of $175,033.53. Following the completion of the transaction, the insider now directly owns 627,957 shares of the company’s stock, valued at approximately $2,593,462.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Katrina Lake sold 537,007 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $5.01, for a total transaction of $2,690,405.07. The disclosure for this sale can be found here. Insiders sold a total of 626,663 shares of company stock valued at $3,101,692 over the last three months. Corporate insiders own 25.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Disciplined Growth Investors Inc. MN boosted its position in Stitch Fix by 34.9% during the second quarter. Disciplined Growth Investors Inc. MN now owns 9,273,817 shares of the company’s stock valued at $38,486,000 after buying an additional 2,396,920 shares during the period. Renaissance Technologies LLC increased its stake in shares of Stitch Fix by 11.7% during the second quarter. Renaissance Technologies LLC now owns 4,432,600 shares of the company’s stock valued at $18,395,000 after buying an additional 465,900 shares during the period. Maple Rock Capital Partners Inc. purchased a new position in shares of Stitch Fix in the 1st quarter valued at approximately $8,994,000. Hodges Capital Management Inc. increased its stake in shares of Stitch Fix by 286.2% in the 2nd quarter. Hodges Capital Management Inc. now owns 2,511,100 shares of the company’s stock worth $10,421,000 after acquiring an additional 1,860,950 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Stitch Fix by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,021,885 shares of the company’s stock worth $7,218,000 after buying an additional 99,914 shares during the last quarter. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

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.