Stitch Fix, Inc. (NASDAQ:SFIX) Receives $4.50 Consensus Target Price from Analysts

Stitch Fix, Inc. (NASDAQ:SFIX) has been assigned a consensus rating of “Reduce” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $4.50.

Several equities analysts recently issued reports on the company. Telsey Advisory Group restated a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a research report on Wednesday, March 12th. 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 lifted their price objective on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th.

Stitch Fix Price Performance

SFIX opened at $3.59 on Friday. The stock’s 50 day simple moving average is $4.82 and its 200 day simple moving average is $4.08. Stitch Fix has a 1 year low of $2.06 and a 1 year high of $6.99. The firm has a market cap of $455.35 million, a price-to-earnings ratio of -4.33 and a beta of 2.13.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.06. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The business had revenue of $312.11 million for the quarter, compared to analyst estimates of $298.04 million. During the same period last year, the company earned ($0.29) EPS. Stitch Fix’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stitch Fix will post -0.44 EPS for the current year.

Institutional Investors Weigh In On Stitch Fix

A number of large investors have recently made changes to their positions in SFIX. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Stitch Fix by 96.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,786 shares of the company’s stock valued at $107,000 after purchasing an additional 12,177 shares during the period. Mackenzie Financial Corp purchased a new position in shares of Stitch Fix in the 4th quarter valued at approximately $474,000. Public Employees Retirement System of Ohio lifted its stake in shares of Stitch Fix by 40.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 206,688 shares of the company’s stock valued at $891,000 after purchasing an additional 59,938 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Stitch Fix by 84.0% in the 4th quarter. Two Sigma Advisers LP now owns 682,900 shares of the company’s stock valued at $2,943,000 after purchasing an additional 311,800 shares during the period. Finally, Two Sigma Investments LP lifted its stake in shares of Stitch Fix by 300.4% in the 4th quarter. Two Sigma Investments LP now owns 911,349 shares of the company’s stock valued at $3,928,000 after purchasing an additional 683,751 shares during the period. 71.04% of the stock is currently 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.