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

Stitch Fix, Inc. (NASDAQ:SFIX) has earned a consensus recommendation of “Reduce” from the nine analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $3.96.

SFIX has been the topic of a number of research reports. Telsey Advisory Group upped their target price on shares of Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a research report on Wednesday, December 11th. Canaccord Genuity Group raised their price target on Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, UBS Group raised their target price on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th.

Stitch Fix Price Performance

SFIX opened at $4.85 on Friday. The company’s 50 day simple moving average is $4.55 and its 200-day simple moving average is $3.91. Stitch Fix has a one year low of $2.06 and a one year high of $6.99. The stock has a market capitalization of $615.17 million, a P/E ratio of -5.84 and a beta of 1.99.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The firm had revenue of $318.82 million for the quarter, compared to analyst estimates of $306.88 million. During the same period last year, the company earned ($0.30) EPS. The business’s quarterly revenue was down 12.6% compared to the same quarter last year. As a group, analysts anticipate that Stitch Fix will post -0.44 EPS for the current year.

Insider Buying and Selling

In related news, Director Katrina Lake sold 725,002 shares of Stitch Fix stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total value of $4,190,511.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Anthony Bacos sold 16,720 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $4.61, for a total transaction of $77,079.20. Following the transaction, the insider now directly owns 913,962 shares of the company’s stock, valued at $4,213,364.82. This represents a 1.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.95% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SFIX. Caprock Group LLC bought a new stake in Stitch Fix during the 3rd quarter worth about $33,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Stitch Fix in the third quarter valued at about $36,000. Meeder Asset Management Inc. bought a new stake in Stitch Fix during the third quarter worth about $44,000. Pallas Capital Advisors LLC acquired a new position in Stitch Fix during the fourth quarter valued at approximately $46,000. Finally, CWM LLC grew its stake in Stitch Fix by 112.1% in the third quarter. CWM LLC now owns 25,175 shares of the company’s stock valued at $71,000 after purchasing an additional 13,308 shares in the last quarter. Institutional investors and hedge funds own 71.04% of the company’s stock.

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.