The price of Stitch Fix Inc. (NASDAQ:SFIX) shares last traded on Wall Street fell -1.14% to $3.46.
Based on available information, 17 analysts follow Stitch Fix Inc. (NASDAQ:SFIX). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $3.00, we find $4.00. Given the previous closing price of $3.50, this indicates a potential upside of 14.29 percent. SFIX stock price is now -14.62% away from the 50-day moving average and -20.73% away from the 200-day moving average. The market capitalization of the company currently stands at $399.42M.
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Among analysts, 15 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $4.35 as their price target over the next twelve months.
In other news, Barkema Sarah, Chief Accounting Officer sold 10,000 shares of the company’s stock on Apr 03. The stock was sold for $49,963 at an average price of $5.00. Upon completion of the transaction, the Chief Accounting Officer now directly owns 65,903 shares in the company, valued at $0.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 24, Chief Legal Officer O’Connor Casey sold 12,000 shares of the business’s stock. A total of $61,674 was realized by selling the stock at an average price of $5.14. This leaves the insider owning 318,094 shares of the company worth $1.1 million. Insiders disposed of 309,167 shares of company stock worth roughly $1.07 million over the past 1 year. A total of 4.60% 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 BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $5,117,000. COATUE MANAGEMENT LLC invested $4,646,000 in shares of SFIX during the first quarter. In the first quarter, BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC acquired a new stake in Stitch Fix Inc. valued at approximately $4,226,000. DIVISAR CAPITAL MANAGEMENT LLC acquired a new stake in SFIX for approximately $4,110,000. ALGERT GLOBAL LLC purchased a new stake in SFIX valued at around $850,000 in the second quarter. In total, there are 244 active investors with 90.20% ownership of the company’s stock.
A candlestick chart of Stitch Fix Inc. (NASDAQ: SFIX) showed a price of $3.4800 on Thursday morning. During the past 12 months, Stitch Fix Inc. has had a low of $2.63 and a high of $9.13. 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 1.00. The fifty day moving average price for SFIX is $4.0175 and a two-hundred day moving average price translates $4.3492 for the stock.
The latest earnings results from Stitch Fix Inc. (NASDAQ: SFIX) was released for Jan, 2023. According to the Apparel Retail Company, earnings per share came in at -$0.58, missing analysts’ expectations of -$0.34 by -0.24. This compares to -$0.28 EPS in the same period last year. The net profit margin was -16.10% and return on equity was -93.80% for SFIX. The company reported revenue of $412.12 million for the quarter, compared to $516.72 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.24 percent. For the current quarter, analysts expect SFIX to generate $388.94M 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.
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