Stitch Fix (NASDAQ:SFIX – Get Rating) had its price target decreased by MKM Partners from $6.00 to $5.00 in a research report report published on Wednesday, The Fly reports. MKM Partners currently has a neutral rating on the stock.
A number of other research firms have also recently issued reports on SFIX. KeyCorp assumed coverage on Stitch Fix in a research note on Thursday, July 21st. They issued a sector weight rating on the stock. Stifel Nicolaus cut their target price on Stitch Fix from $7.00 to $6.00 and set a hold rating on the stock in a research note on Wednesday. Telsey Advisory Group cut their target price on Stitch Fix from $8.00 to $6.00 and set a market perform rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Stitch Fix from $10.00 to $8.00 and set a neutral rating on the stock in a research note on Friday, June 10th. Finally, Evercore ISI decreased their target price on shares of Stitch Fix from $10.00 to $7.00 and set an in-line rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of $12.58.
Stitch Fix Stock Performance
SFIX stock opened at $4.85 on Wednesday. The stock has a market capitalization of $524.63 million, a price-to-earnings ratio of -5.84 and a beta of 1.96. Stitch Fix has a 1 year low of $4.40 and a 1 year high of $44.65. The stock’s fifty day moving average is $5.95 and its two-hundred day moving average is $7.64.
Insider Buying and Selling
Institutional Trading of Stitch Fix
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Working Capital Advisors UK Ltd. raised its holdings in shares of Stitch Fix by 8.0% in the 1st quarter. Working Capital Advisors UK Ltd. now owns 11,979,753 shares of the company’s stock worth $120,636,000 after purchasing an additional 891,379 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Stitch Fix by 6.5% during the first quarter. Vanguard Group Inc. now owns 7,964,510 shares of the company’s stock valued at $80,203,000 after acquiring an additional 483,213 shares during the period. Slate Path Capital LP raised its holdings 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 acquiring an additional 1,300,000 shares during the period. Disciplined Growth Investors Inc. MN raised its holdings in shares of Stitch Fix by 3.2% during the first quarter. Disciplined Growth Investors Inc. MN now owns 3,011,295 shares of the company’s stock valued at $30,324,000 after acquiring an additional 93,276 shares during the period. Finally, Federated Hermes Inc. raised its holdings in shares of Stitch Fix by 56.6% during the second quarter. Federated Hermes Inc. now owns 2,858,763 shares of the company’s stock valued at $14,122,000 after acquiring an additional 1,033,699 shares during the period. 73.41% of the stock is currently owned by institutional investors.
About Stitch Fix
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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