Brokerages Set Stitch Fix, Inc. (NASDAQ:SFIX) Target Price at $5.67

by · The Cerbat Gem

Shares of Stitch Fix, Inc. (NASDAQ:SFIX – Get Free Report) have been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $5.6667.

A number of equities analysts have commented on SFIX shares. Wall Street Zen lowered Stitch Fix from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Zacks Research raised Stitch Fix to a “hold” rating in a report on Monday, August 11th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 price objective on shares of Stitch Fix in a research report on Wednesday, June 11th. Finally, William Blair upgraded shares of Stitch Fix from a “market perform” rating to an “outperform” rating in a research note on Monday, July 14th.

Check Out Our Latest Research Report on SFIX

Stitch Fix Trading Down 1.6%

Shares of SFIX opened at $5.48 on Wednesday. Stitch Fix has a 12 month low of $2.21 and a 12 month high of $6.99. The firm’s 50 day moving average is $5.00 and its 200-day moving average is $4.19. The stock has a market capitalization of $715.09 million, a PE ratio of -11.91 and a beta of 2.03.

Insider Activity

In related news, insider Casey O’connor sold 31,248 shares of Stitch Fix stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $5.34, for a total value of $166,864.32. Following the transaction, the insider directly owned 498,621 shares of the company’s stock, valued at $2,662,636.14. This trade represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Anthony Bacos sold 90,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $5.00, for a total transaction of $450,000.00. Following the transaction, the insider owned 829,966 shares of the company’s stock, valued at approximately $4,149,830. This represents a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 957,536 shares of company stock worth $4,845,302. Insiders own 16.95% of the company’s stock.

Institutional Trading of Stitch Fix

Several large investors have recently bought and sold shares of SFIX. Raymond James Financial Inc. acquired a new position in Stitch Fix during the fourth quarter worth about $134,000. Price T Rowe Associates Inc. MD increased its position in Stitch Fix by 12.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 98,402 shares of the company’s stock worth $425,000 after purchasing an additional 10,715 shares in the last quarter. Northern Trust Corp lifted its stake in Stitch Fix by 15.2% in the 4th quarter. Northern Trust Corp now owns 876,132 shares of the company’s stock valued at $3,776,000 after purchasing an additional 115,377 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Stitch Fix by 36.3% in the fourth quarter. Ameriprise Financial Inc. now owns 424,182 shares of the company’s stock valued at $1,828,000 after buying an additional 112,974 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Stitch Fix by 1,401.2% during the fourth quarter. BNP Paribas Financial Markets now owns 433,120 shares of the company’s stock worth $1,867,000 after buying an additional 404,269 shares during the last quarter. 71.04% of the stock is owned by institutional investors and hedge funds.

Stitch Fix Company Profile

(Get Free Report)

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.

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