Stitch Fix’s (SFIX) “Market Perform” Rating Reiterated at Telsey Advisory Group

Stitch Fix (NASDAQ:SFIX)‘s stock had its “market perform” rating reissued by investment analysts at Telsey Advisory Group in a report issued on Wednesday,Benzinga reports. They presently have a $4.00 target price on the stock. Telsey Advisory Group’s target price suggests a potential downside of 11.70% from the company’s current price.

A number of other brokerages have also recently weighed in on SFIX. UBS Group decreased 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 report on Friday, October 11th. Canaccord Genuity Group increased their target price on Stitch Fix from $3.50 to $5.00 and gave the company a “hold” rating in a research note on Monday. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3.60.

Stitch Fix Stock Down 0.4 %

NASDAQ:SFIX opened at $4.53 on Wednesday. Stitch Fix has a fifty-two week low of $2.06 and a fifty-two week high of $5.05. The firm’s 50 day moving average is $3.46 and its two-hundred day moving average is $3.62. The company has a market cap of $574.59 million, a P/E ratio of -4.19 and a beta of 1.99.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings results on Tuesday, September 24th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.07. The firm had revenue of $319.55 million during the quarter, compared to the consensus estimate of $317.48 million. Stitch Fix had a negative return on equity of 40.62% and a negative net margin of 9.63%. Research analysts forecast that Stitch Fix will post -0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stitch Fix

Large investors have recently made changes to their positions in the business. Disciplined Growth Investors Inc. MN increased its stake in Stitch Fix by 34.9% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 9,273,817 shares of the company’s stock valued at $38,486,000 after buying an additional 2,396,920 shares during the period. CWM LLC grew its holdings in shares of Stitch Fix by 132.5% during the 2nd quarter. CWM LLC now owns 11,867 shares of the company’s stock valued at $49,000 after acquiring an additional 6,762 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Stitch Fix by 32.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 499,142 shares of the company’s stock worth $1,408,000 after acquiring an additional 121,084 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in shares of Stitch Fix by 286.2% during the second quarter. Hodges Capital Management Inc. now owns 2,511,100 shares of the company’s stock worth $10,421,000 after acquiring an additional 1,860,950 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Stitch Fix by 11.7% during the second quarter. Renaissance Technologies LLC now owns 4,432,600 shares of the company’s stock valued at $18,395,000 after purchasing an additional 465,900 shares during the last quarter. Institutional investors and hedge funds own 71.04% of the company’s stock.

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.