Analysts Set Stitch Fix, Inc. (NASDAQ:SFIX) Target Price at $3.60

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) have received a consensus recommendation of “Reduce” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $3.57.

A number of research firms recently commented on SFIX. Canaccord Genuity Group raised their price target on shares of Stitch Fix from $3.50 to $5.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $4.00 target price on shares of Stitch Fix in a report on Wednesday. Finally, UBS Group boosted their price target on Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday.

Hedge Funds Weigh In On Stitch Fix

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

Stitch Fix Trading Up 2.2 %

Shares of NASDAQ SFIX opened at $4.63 on Thursday. The firm has a market cap of $587.27 million, a P/E ratio of -4.29 and a beta of 1.99. The business’s 50 day moving average is $3.50 and its 200-day moving average is $3.64. Stitch Fix has a 1-year low of $2.06 and a 1-year high of $5.05.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings data on Tuesday, September 24th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $319.55 million for the quarter, compared to analyst estimates of $317.48 million. Analysts forecast that Stitch Fix will post -0.61 EPS for the current 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.