Stitch Fix (NASDAQ:SFIX – Get Rating) had its target price cut by Evercore ISI from $10.00 to $7.00 in a report published on Wednesday morning, The Fly reports. They currently have an in-line rating on the stock.
Several other research firms have also commented on SFIX. Truist Financial reduced their price target on Stitch Fix from $12.00 to $8.00 and set a hold rating for the company in a research report on Friday, June 10th. JPMorgan Chase & Co. reduced their price target on Stitch Fix from $10.00 to $8.00 and set a neutral rating for the company in a research report on Friday, June 10th. Wedbush dropped their target price on Stitch Fix from $9.00 to $7.00 and set a neutral rating on the stock in a research note on Friday, June 10th. Wells Fargo & Company decreased their price target on Stitch Fix from $8.00 to $6.00 and set an underweight rating for the company in a research note on Friday, June 10th. Finally, Stifel Nicolaus dropped their price target on Stitch Fix from $7.00 to $6.00 and set a hold rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $9.45.
Get Stitch Fix alerts:Stitch Fix Trading Up 2.3 %
SFIX opened at $4.27 on Wednesday. The firm 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 12 month low of $3.99 and a 12 month high of $44.65. The stock has a fifty day moving average price of $5.90 and a 200-day moving average price of $7.53.
Insiders Place Their Bets
In other Stitch Fix news, Director J William Gurley purchased 1,000,000 shares of Stitch Fix stock in a transaction 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 owns 2,149,762 shares of the company's stock, valued at approximately $11,673,207.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 27.01% of the stock is currently owned by insiders.Institutional Trading of Stitch Fix
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC purchased a new stake in Stitch Fix during the second quarter worth $49,000. Verition Fund Management LLC purchased a new position in Stitch Fix in the second quarter valued at $56,000. Prelude Capital Management LLC acquired a new position in shares of Stitch Fix in the second quarter worth about $63,000. Quantamental Technologies LLC purchased a new stake in shares of Stitch Fix during the 2nd quarter worth about $65,000. Finally, TrinityPoint Wealth LLC acquired a new stake in shares of Stitch Fix during the 2nd quarter valued at about $70,000. 73.41% of the stock is owned by institutional investors and hedge funds.
About Stitch Fix
(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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