Stitch Fix (SFIX) Stock Rating Lowered by TheStreet

Stitch Fix (NASDAQ:SFIX) was downgraded by TheStreet from a “c-” rating to a “d+” rating in a research note issued to investors on Monday, May 6th, TheStreetRatingsTable reports.

A number of other equities analysts also recently weighed in on SFIX. Zacks Investment Research raised shares of Stitch Fix from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Thursday, March 14th. Piper Jaffray Companies raised their target price on shares of Stitch Fix from $20.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Stifel Nicolaus raised their target price on shares of Stitch Fix from $28.00 to $34.00 in a research note on Wednesday, March 13th. Barclays raised their price target on shares of Stitch Fix to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 13th. Finally, KeyCorp raised their price target on shares of Stitch Fix from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, March 12th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $37.00.

Shares of NASDAQ SFIX traded down $0.35 on Monday, reaching $23.16. 1,593,659 shares of the company’s stock traded hands, compared to its average volume of 1,828,599. Stitch Fix has a 12 month low of $16.05 and a 12 month high of $52.44. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 59.38, a P/E/G ratio of 4.90 and a beta of 3.10.

Stitch Fix (NASDAQ:SFIX) last announced its earnings results on Monday, March 11th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.07. Stitch Fix had a net margin of 3.67% and a return on equity of 15.47%. The business had revenue of $370.28 million during the quarter, compared to the consensus estimate of $365.28 million. As a group, research analysts forecast that Stitch Fix will post 0.22 earnings per share for the current year.

In related news, insider Scott Darling sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $28.48, for a total value of $56,960.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Bruce Dunlevie sold 63,444 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $32.00, for a total transaction of $2,030,208.00. The disclosure for this sale can be found here. Insiders have sold 1,209,102 shares of company stock valued at $36,158,400 in the last three months. 56.97% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Marshall Wace North America L.P. purchased a new position in shares of Stitch Fix during the 1st quarter valued at $231,000. Marshall Wace LLP lifted its stake in shares of Stitch Fix by 95.6% during the 1st quarter. Marshall Wace LLP now owns 22,778 shares of the company’s stock valued at $643,000 after buying an additional 11,132 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in shares of Stitch Fix during the 1st quarter valued at $304,000. BlueCrest Capital Management Ltd lifted its stake in shares of Stitch Fix by 79.3% during the 1st quarter. BlueCrest Capital Management Ltd now owns 54,530 shares of the company’s stock valued at $1,539,000 after buying an additional 24,125 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Stitch Fix by 67.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 36,467 shares of the company’s stock valued at $1,029,000 after buying an additional 14,633 shares in the last quarter. Institutional investors own 29.54% of the company’s stock.

About Stitch Fix

Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app 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. and changed its name to Stitch Fix, Inc in October 2011.

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Analyst Recommendations for Stitch Fix (NASDAQ:SFIX)

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