Analysts Set Stitch Fix, Inc. (NASDAQ:SFIX) Price Target at $3.27

Stitch Fix, Inc. (NASDAQ:SFIX) has been assigned a consensus recommendation of “Reduce” from the eleven brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $3.27.

SFIX has been the topic of several recent research reports. Telsey Advisory Group restated a “market perform” rating and set a $4.00 price target on shares of Stitch Fix in a report on Wednesday, September 25th. Canaccord Genuity Group reduced their target price on shares of Stitch Fix from $4.50 to $3.50 and set a “hold” rating on the stock in a research note on Wednesday, September 25th. Finally, UBS Group dropped their price target on shares of Stitch Fix from $3.80 to $2.80 and set a “neutral” rating for the company in a research note on Friday, October 11th.

Institutional Trading of Stitch Fix

Several institutional investors and hedge funds have recently modified their holdings of SFIX. Caprock Group LLC bought a new stake in shares of Stitch Fix in the third quarter valued at about $33,000. Wealth Enhancement Advisory Services LLC purchased a new position in Stitch Fix during the 3rd quarter valued at about $36,000. Meeder Asset Management Inc. bought a new stake in shares of Stitch Fix in the 3rd quarter valued at about $44,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of Stitch Fix in the 2nd quarter worth approximately $46,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of Stitch Fix during the second quarter valued at approximately $48,000. Institutional investors own 71.04% of the company’s stock.

Stitch Fix Stock Down 3.0 %

Stitch Fix stock opened at $3.84 on Friday. The company’s 50-day moving average price is $3.24 and its 200-day moving average price is $3.40. The company has a market cap of $487.07 million, a PE ratio of -3.56 and a beta of 1.87. Stitch Fix has a twelve month low of $2.06 and a twelve month high of $5.05.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings data on Tuesday, September 24th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.07. Stitch Fix had a negative return on equity of 40.62% and a negative net margin of 9.63%. The company had revenue of $319.55 million for the quarter, compared to analysts’ expectations of $317.48 million. As a group, sell-side analysts expect that Stitch Fix will post -0.61 earnings per share for the current fiscal year.

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.