Shares of Stitch Fix (NASDAQ:SFIX) have been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $25.57.
Several analysts have recently commented on SFIX shares. Piper Jaffray set a $29.00 target price on Stitch Fix and gave the stock a “buy” rating in a research report on Monday, January 22nd. Stifel Nicolaus raised their target price on Stitch Fix from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, March 13th. ValuEngine raised Stitch Fix from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. Finally, Buckingham Research started coverage on Stitch Fix in a research report on Monday, March 19th. They issued a “neutral” rating and a $22.00 target price for the company.
Shares of Stitch Fix opened at $23.80 on Friday, Marketbeat.com reports. Stitch Fix has a 12 month low of $23.16 and a 12 month high of $24.79.
Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Monday, March 12th. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ 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. The firm’s revenue was up 24.4% compared to the same quarter last year. research analysts anticipate that Stitch Fix will post 0.14 EPS for the current fiscal year.
In related news, CEO Katrina Lake sold 200,000 shares of Stitch Fix stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $19.96, for a total transaction of $3,992,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marka Hansen sold 14,700 shares of Stitch Fix stock in a transaction on Monday, March 26th. The shares were sold at an average price of $21.04, for a total value of $309,288.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 473,750 shares of company stock valued at $9,860,224.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gilder Gagnon Howe & Co. LLC acquired a new stake in Stitch Fix during the fourth quarter valued at $25,974,000. Virtu Financial LLC acquired a new stake in Stitch Fix during the fourth quarter valued at $578,000. Engineers Gate Manager LP acquired a new stake in Stitch Fix during the fourth quarter valued at $1,538,000. potrero capital research llc acquired a new stake in Stitch Fix during the fourth quarter valued at $1,808,000. Finally, Advisory Research Inc. acquired a new stake in Stitch Fix during the fourth quarter valued at $662,000. 9.00% of the stock is owned by hedge funds and other institutional investors.
About Stitch Fix
Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men and women under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc in October 2011.
Receive News & Ratings for Stitch Fix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stitch Fix and related companies with MarketBeat.com's FREE daily email newsletter.