Stitch Fix (NASDAQ:SFIX) PT Lowered to $6.00 at Telsey Advisory Group

Stitch Fix (NASDAQ:SFIXGet Rating) had its target price lowered by Telsey Advisory Group from $8.00 to $6.00 in a research report released on Wednesday morning, Marketbeat Ratings reports. The firm currently has a market perform rating on the stock.

Several other analysts have also commented on the stock. UBS Group restated a hold rating and set a $10.00 price target on shares of Stitch Fix in a research report on Friday, June 10th. Truist Financial dropped their price target on shares of Stitch Fix from $12.00 to $8.00 and set a hold rating on the stock in a research report on Friday, June 10th. Barclays dropped their price target on shares of Stitch Fix from $8.00 to $7.00 and set an equal weight rating on the stock in a research report on Monday, August 15th. Robert W. Baird dropped their price target on shares of Stitch Fix from $11.00 to $7.00 in a research report on Monday, June 13th. Finally, Piper Sandler reiterated an underweight rating on shares of Stitch Fix in a research report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $12.58.

Stitch Fix Stock Performance

SFIX stock opened at $4.85 on Wednesday. The firm has a market cap of $524.63 million, a PE ratio of -5.84 and a beta of 1.96. The firm’s fifty day moving average is $5.95 and its 200 day moving average is $7.64. Stitch Fix has a one year low of $4.40 and a one year high of $44.65.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Stitch Fix

A number of institutional investors have recently bought and sold shares of SFIX. Bank of America Corp DE raised its stake in Stitch Fix by 64.7% during the fourth quarter. Bank of America Corp DE now owns 145,191 shares of the company’s stock worth $2,746,000 after purchasing an additional 57,038 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Stitch Fix by 20.4% during 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 period. Dimensional Fund Advisors LP raised its stake in shares of Stitch Fix by 29.1% in the 4th 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 period. Principal Financial Group Inc. raised its stake in shares of Stitch Fix by 11.7% in the 4th 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 period. Finally, Teacher Retirement System of Texas raised its stake in shares of Stitch Fix by 26.0% in the 4th 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 period. 73.41% of the stock is owned by hedge funds and other 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.

Further Reading

Analyst Recommendations for Stitch Fix (NASDAQ:SFIX)

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