UBS Group Lowers Stitch Fix (NASDAQ:SFIX) Price Target to $2.80

Stitch Fix (NASDAQ:SFIX) had its price objective decreased by UBS Group from $3.80 to $2.80 in a report issued on Friday morning, Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Canaccord Genuity Group lowered their price target on Stitch Fix from $4.50 to $3.50 and set a hold rating on the stock in a research report on Wednesday, September 25th. Telsey Advisory Group reaffirmed a market perform rating and set a $4.00 price objective on shares of Stitch Fix in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and an average price target of $3.27.

Stitch Fix Stock Down 1.1 %

NASDAQ SFIX opened at $2.71 on Friday. The stock’s 50-day simple moving average is $3.40 and its two-hundred day simple moving average is $3.26. Stitch Fix has a twelve month low of $2.06 and a twelve month high of $5.05. The company has a market capitalization of $343.74 million, a price-to-earnings ratio of -2.51 and a beta of 1.90.

Institutional Trading of Stitch Fix

Large investors have recently modified their holdings of the business. Hodges Capital Management Inc. bought a new stake in shares of Stitch Fix in the first quarter worth about $1,716,000. Los Angeles Capital Management LLC grew its stake in shares of Stitch Fix by 673.2% in the first quarter. Los Angeles Capital Management LLC now owns 516,782 shares of the company’s stock worth $1,364,000 after purchasing an additional 449,948 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its stake in shares of Stitch Fix by 34.9% in the second quarter. Disciplined Growth Investors Inc. MN now owns 9,273,817 shares of the company’s stock worth $38,486,000 after purchasing an additional 2,396,920 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Stitch Fix by 116.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 22,378 shares of the company’s stock worth $59,000 after purchasing an additional 12,028 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Stitch Fix by 132.5% in the second quarter. CWM LLC now owns 11,867 shares of the company’s stock worth $49,000 after purchasing an additional 6,762 shares during the last quarter. 71.04% of the stock is owned by institutional investors.

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.