Shares of Stitch Fix Inc (NASDAQ:SFIX) have earned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $25.57.
A number of brokerages have weighed in on SFIX. Buckingham Research assumed coverage on shares of Stitch Fix in a report on Monday. They issued a “neutral” rating and a $22.00 price target for the company. Stifel Nicolaus boosted their price objective on Stitch Fix from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, March 13th. Piper Jaffray Companies set a $29.00 price objective on Stitch Fix and gave the stock a “buy” rating in a report on Monday, January 22nd. Barclays assumed coverage on Stitch Fix in a report on Tuesday, December 12th. They set an “equal weight” rating and a $26.00 price objective on the stock. Finally, Royal Bank of Canada assumed coverage on Stitch Fix in a report on Tuesday, December 12th. They set an “outperform” rating and a $29.00 price objective on the stock.
Shares of Stitch Fix stock opened at $20.36 on Thursday. Stitch Fix has a 1-year low of $14.48 and a 1-year high of $30.07.
Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Monday, March 12th. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The business had revenue of $296.00 million during the quarter, compared to analyst estimates of $291.29 million. Stitch Fix’s revenue for the quarter was up 24.4% on a year-over-year basis. equities analysts forecast that Stitch Fix will post 0.14 earnings per share for the current fiscal year.
In other news, CEO Katrina Lake sold 200,000 shares of the company’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $19.96, for a total value of $3,992,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Marka Hansen sold 14,700 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $21.41, for a total value of $314,727.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 309,050 shares of company stock worth $6,298,936.
Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Stitch Fix in the 4th quarter valued at about $578,000. Advisory Research Inc. acquired a new position in shares of Stitch Fix in the 4th quarter valued at about $662,000. Jane Street Group LLC acquired a new position in shares of Stitch Fix in the 4th quarter valued at about $894,000. Engineers Gate Manager LP acquired a new position in shares of Stitch Fix in the 4th quarter valued at about $1,538,000. Finally, potrero capital research llc acquired a new position in shares of Stitch Fix in the 4th quarter valued at about $1,808,000. Institutional investors own 9.09% of the company’s stock.
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About Stitch Fix
Stitch Fix, Inc is an online personalized styling service company. The Company offers apparel, shoes and accessories across categories, brands, product types and price points. The Company serves its clients in the following categories: Women’s, Petite, Maternity, Men’s and Plus. The Company also offers a wide variety of product types, including denim, dresses, blouses, skirts, shoes, jewelry and handbags.
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