Stocks of Stitch Fix Inc. (NASDAQ:SFIX) traded higher last session on Wall Street, down -5.45% to $3.82.
According to the data, Stitch Fix Inc. (NASDAQ:SFIX) has 19 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $3.00, we find $5.00. Given the previous closing price of $4.04, this indicates a potential upside of 23.76 percent. SFIX stock price is now -2.66% away from the 50-day moving average and -45.80% away from the 200-day moving average. The market capitalization of the company currently stands at $390.56M.
A total of 17 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $5.16 as their price target over the next twelve months.
With the price target maintained at $7, Canaccord Genuity recently Downgraded its rating from Buy to Hold for Stitch Fix Inc. (NASDAQ: SFIX)., while ‘Piper Sandler’ rates the stock as ‘Underweight’.
In other news, GURLEY J WILLIAM, Director bought 1,000,000 shares of the company’s stock on Jul 08. The stock was bought for $5,428,200 at an average price of $5.43. Upon completion of the transaction, the Director now directly owns 2,149,762 shares in the company, valued at $8.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 20, 10% Owner Working Capital Advisors (UK) bought 100,000 shares of the business’s stock. A total of $1,609,790 was incurred on buying the stock at an average price of $16.10. This leaves the insider owning 11,979,753 shares of the company worth $45.76 million. Insiders disposed of 208,198 shares of company stock worth roughly $0.8 million over the past 1 year. A total of 4.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SFIX stock. A new stake in Stitch Fix Inc. shares was purchased by MILLER VALUE PARTNERS, LLC during the first quarter worth $17,130,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC invested $5,289,000 in shares of SFIX during the first quarter. In the first quarter, MAN GROUP PLC acquired a new stake in Stitch Fix Inc. valued at approximately $3,168,000. PATIENT CAPITAL MANAGEMENT, LLC acquired a new stake in SFIX for approximately $2,530,000. QUADRATURE CAPITAL LTD purchased a new stake in SFIX valued at around $857,000 in the second quarter. In total, there are 288 active investors with 90.10% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $4.0700 for Stitch Fix Inc. (NASDAQ: SFIX). During the past 12 months, Stitch Fix Inc. has had a low of $3.09 and a high of $26.25. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.60, and a quick ratio of 0.90. The fifty day moving average price for SFIX is $3.9245 and a two-hundred day moving average price translates $7.0484 for the stock.
The latest earnings results from Stitch Fix Inc. (NASDAQ: SFIX) was released for Jul, 2022. According to the Specialty Retail Company, earnings per share came in at -$0.64, missing analysts’ expectations of -$0.62 by -0.02. This compares to $0.21 EPS in the same period last year. The net profit margin was -10.00% and return on equity was -50.20% for SFIX. The company reported revenue of $481.9 million for the quarter, compared to $571.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.63 percent. For the current quarter, analysts expect SFIX to generate $459.46M in revenue.
Stitch Fix Inc.(SFIX) Company Profile
Stitch Fix, Inc. sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags 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. Stitch Fix, Inc. was incorporated in 2011 and is headquartered in San Francisco, California.