Robert W. Baird Trims Stitch Fix (NASDAQ:SFIX) Target Price to $5.50

Stitch Fix (NASDAQ:SFIXGet Rating) had its price target reduced by Robert W. Baird from $7.00 to $5.50 in a research report released on Wednesday morning, The Fly reports.

Other analysts also recently issued research reports about the stock. KeyCorp started coverage on shares of Stitch Fix in a research report on Thursday, July 21st. They set a sector weight rating for the company. Stifel Nicolaus cut their price objective 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. BMO Capital Markets dropped their price target on shares of Stitch Fix from $6.00 to $5.00 and set a market perform rating on the stock in a research report on Wednesday. Telsey Advisory Group dropped their price target on shares of Stitch Fix from $8.00 to $6.00 and set a market perform rating on the stock in a research report on Wednesday. Finally, MKM Partners reissued a neutral rating and issued a $6.00 price target on shares of Stitch Fix in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $12.58.

Stitch Fix Stock Up 2.8 %

SFIX opened at $4.85 on Wednesday. The firm has a market capitalization of $524.63 million, a P/E ratio of -5.84 and a beta of 1.96. The firm’s 50 day moving average is $5.95 and its 200-day moving average is $7.64. Stitch Fix has a 52-week low of $4.40 and a 52-week high of $44.65.

Insider Transactions at Stitch Fix

In other Stitch Fix news, Director J William Gurley purchased 1,000,000 shares of the business’s stock in a transaction dated Friday, July 8th. The stock was bought at an average cost of $5.43 per share, for a total transaction of $5,430,000.00. Following the completion of the acquisition, the director now directly owns 2,149,762 shares in the company, valued at $11,673,207.66. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 27.01% of the company’s stock.

Institutional Trading of Stitch Fix

A number of institutional investors and hedge funds have recently modified their holdings of SFIX. Slate Path Capital LP increased its position in shares of Stitch Fix by 43.6% during the fourth quarter. Slate Path Capital LP now owns 4,282,056 shares of the company’s stock valued at $81,016,000 after purchasing an additional 1,300,000 shares during the period. Federated Hermes Inc. increased its position in shares of Stitch Fix by 212.1% during the first quarter. Federated Hermes Inc. now owns 1,825,064 shares of the company’s stock valued at $18,378,000 after purchasing an additional 1,240,320 shares during the period. Quinn Opportunity Partners LLC increased its position in shares of Stitch Fix by 3,411.1% during the fourth quarter. Quinn Opportunity Partners LLC now owns 1,204,226 shares of the company’s stock valued at $22,784,000 after purchasing an additional 1,169,928 shares during the period. Renaissance Technologies LLC increased its position in shares of Stitch Fix by 59.4% during the second quarter. Renaissance Technologies LLC now owns 2,697,576 shares of the company’s stock valued at $13,326,000 after purchasing an additional 1,005,176 shares during the period. Finally, Bares Capital Management Inc. increased its position in shares of Stitch Fix by 74.6% during the fourth quarter. Bares Capital Management Inc. now owns 2,209,283 shares of the company’s stock valued at $41,800,000 after purchasing an additional 944,240 shares during the period. 73.41% of the stock is currently owned by institutional investors.

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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