Stitch Fix (NASDAQ:SFIX) PT Lowered to $7.00 – MarketBeat

Written by Amanda

Stitch Fix (NASDAQ:SFIXGet Rating) had its target price reduced by Stifel Nicolaus from $9.00 to $7.00 in a report released on Tuesday, The Fly reports. Stifel Nicolaus’ target price suggests a potential upside of 22.16% from the stock’s previous close.

A number of other analysts also recently weighed in on the company. UBS Group restated a “hold” rating and issued a $10.00 target price on shares of Stitch Fix in a research report on Friday, June 10th. BMO Capital Markets decreased their price target on Stitch Fix from $11.00 to $8.00 in a research note on Friday, June 10th. Truist Financial reduced their target price on Stitch Fix from $12.00 to $8.00 and set a “hold” rating on the stock in a research note on Friday, June 10th. Jefferies Financial Group started coverage on Stitch Fix in a research note on Friday, March 18th. They issued a “hold” rating and a $10.00 price target on the stock. Finally, Sanford C. Bernstein started coverage on Stitch Fix in a report on Tuesday, March 15th. They set a “market perform” rating and a $11.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.45.


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SFIX traded down $0.09 during trading hours on Tuesday, hitting $5.73. The stock had a trading volume of 46,815 shares, compared to its average volume of 4,118,718. The company’s fifty day simple moving average is $8.11 and its 200 day simple moving average is $12.03. Stitch Fix has a 1 year low of $5.70 and a 1 year high of $64.50. The stock has a market cap of $619.81 million, a PE ratio of -6.90 and a beta of 1.74.

Stitch Fix (NASDAQ:SFIXGet Rating) last posted its earnings results on Thursday, June 9th. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.15). The company had revenue of $492.90 million for the quarter, compared to analysts’ expectations of $493.71 million. Stitch Fix had a negative net margin of 4.13% and a negative return on equity of 19.96%. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.18) EPS. Analysts predict that Stitch Fix will post -1.62 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Prospera Financial Services Inc acquired a new position in Stitch Fix in the first quarter valued at approximately $74,000. Gladius Capital Management LP acquired a new position in Stitch Fix during the first quarter worth $76,000. Commonwealth Equity Services LLC acquired a new position in Stitch Fix during the first quarter worth $112,000. CHICAGO TRUST Co NA acquired a new position in Stitch Fix during the first quarter worth $153,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Stitch Fix by 42.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,344 shares of the company’s stock worth $158,000 after purchasing an additional 2,470 shares in the last quarter. Institutional investors and hedge funds own 70.50% of the company’s stock.

Stitch Fix Company Profile (Get Rating)

Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile application in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc.

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Source: marketbeat.com

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Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai