Stitch Fix (NASDAQ:SFIX – Get Rating) had its price objective trimmed by BMO Capital Markets from $6.00 to $5.00 in a research report released on Wednesday, The Fly reports. The brokerage currently has a market perform rating on the stock.
SFIX has been the topic of a number of other reports. Stifel Nicolaus dropped their target price on shares of Stitch Fix from $7.00 to $6.00 and set a hold rating on the stock in a research note on Wednesday. Piper Sandler reiterated an underweight rating on shares of Stitch Fix in a research note on Friday, July 22nd. UBS Group reiterated a hold rating and issued a $10.00 target price on shares of Stitch Fix in a research note on Friday, June 10th. Telsey Advisory Group dropped their target price on shares of Stitch Fix from $8.00 to $6.00 and set a market perform rating on the stock in a research note on Wednesday. Finally, Robert W. Baird dropped their price target on shares of Stitch Fix from $11.00 to $7.00 in a research note on Monday, June 13th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $9.45.
Get Stitch Fix alerts:Stitch Fix Stock Up 2.3 %
SFIX opened at $4.27 on Wednesday. The stock has a market cap of $461.89 million, a price-to-earnings ratio of -2.24 and a beta of 1.96. Stitch Fix has a twelve month low of $3.99 and a twelve month high of $44.65. The company's 50-day moving average price is $5.90 and its two-hundred day moving average price is $7.55.
Insider Transactions at Stitch Fix
In other Stitch Fix news, Director J William Gurley purchased 1,000,000 shares of the stock in a transaction that occurred on Friday, July 8th. The stock was bought at an average cost of $5.43 per share, with a total value of $5,430,000.00. Following the transaction, the director now directly owns 2,149,762 shares in the company, valued at approximately $11,673,207.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 27.01% of the company's stock.Hedge Funds Weigh In On Stitch Fix
Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of Stitch Fix by 64.7% in the fourth quarter. Bank of America Corp DE now owns 145,191 shares of the company's stock worth $2,746,000 after buying an additional 57,038 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Stitch Fix by 20.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,005 shares of the company's stock worth $189,000 after purchasing an additional 1,697 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Stitch Fix by 29.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 139,124 shares of the company's stock valued at $2,632,000 after acquiring an additional 31,394 shares during the last quarter. Principal Financial Group Inc. increased its position in Stitch Fix by 11.7% during the fourth quarter. Principal Financial Group Inc. now owns 13,849 shares of the company's stock valued at $262,000 after acquiring an additional 1,453 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in Stitch Fix by 26.0% during the fourth quarter. Teacher Retirement System of Texas now owns 13,186 shares of the company's stock valued at $249,000 after acquiring an additional 2,725 shares during the last quarter. Hedge funds and other institutional investors own 73.41% of the company's stock.
About Stitch Fix
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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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