Stitch Fix (NASDAQ:SFIX) Price Target Raised to $4.00

Stitch Fix (NASDAQ:SFIXGet Free Report) had its target price lifted by analysts at Truist Financial from $3.50 to $4.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target indicates a potential upside of 3.90% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Mizuho started coverage on shares of Stitch Fix in a research report on Tuesday, March 19th. They issued an “underperform” rating and a $2.00 price target for the company. Wedbush restated a “neutral” rating and issued a $3.00 price target on shares of Stitch Fix in a research report on Wednesday, June 5th. Canaccord Genuity Group dropped their price objective on shares of Stitch Fix from $4.00 to $3.50 and set a “hold” rating on the stock in a research note on Tuesday, March 5th. Piper Sandler dropped their price objective on shares of Stitch Fix from $3.00 to $2.25 and set an “underweight” rating on the stock in a research note on Tuesday, March 5th. Finally, Sanford C. Bernstein dropped their price objective on shares of Stitch Fix from $4.00 to $3.40 and set a “market perform” rating on the stock in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat, Stitch Fix presently has a consensus rating of “Hold” and a consensus target price of $3.29.

Get Our Latest Research Report on Stitch Fix

Stitch Fix Trading Up 3.5 %

SFIX stock traded up $0.13 on Wednesday, hitting $3.85. 434,316 shares of the company’s stock traded hands, compared to its average volume of 1,728,313. Stitch Fix has a 1-year low of $2.06 and a 1-year high of $5.20. The stock has a market cap of $462.65 million, a price-to-earnings ratio of -3.65 and a beta of 1.98. The stock has a fifty day moving average of $2.39 and a 200-day moving average of $2.99.

Insider Activity at Stitch Fix

In other Stitch Fix news, CAO Sarah Barkema sold 16,311 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $2.24, for a total value of $36,536.64. Following the completion of the sale, the chief accounting officer now directly owns 138,535 shares of the company’s stock, valued at approximately $310,318.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 25.90% of the stock is currently owned by company insiders.

Institutional Trading of Stitch Fix

Hedge funds have recently bought and sold shares of the stock. New York State Teachers Retirement System bought a new position in shares of Stitch Fix during the 4th quarter worth about $27,000. Tower Research Capital LLC TRC lifted its holdings in shares of Stitch Fix by 232.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,898 shares of the company’s stock worth $39,000 after acquiring an additional 7,617 shares during the period. Lodestar Private Asset Management LLC bought a new position in shares of Stitch Fix during the 1st quarter worth about $29,000. Principal Financial Group Inc. bought a new position in shares of Stitch Fix during the 3rd quarter worth about $38,000. Finally, Victory Capital Management Inc. bought a new position in shares of Stitch Fix during the 4th quarter worth about $42,000. 71.04% of the stock is owned by institutional investors.

About Stitch Fix

(Get Free Report)

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.

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Analyst Recommendations for Stitch Fix (NASDAQ:SFIX)

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