In yesterday’s Wall Street session, Stitch Fix Inc. (NASDAQ:SFIX) shares traded at $4.01, down -5.20% from the previous session.
16 analysts cover Stitch Fix Inc. (NASDAQ:SFIX), according to research data. 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 $4.25. Given the previous closing price of $4.23, this indicates a potential upside of 0.47 percent. SFIX stock price is now 10.82% away from the 50-day moving average and -1.93% away from the 200-day moving average. The market capitalization of the company currently stands at $451.33M.
The stock has received a hold rating from 14 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $4.35 as their price target over the next twelve months.
With the price target maintained at $4, Wells Fargo recently Upgraded its rating from Underweight to Equal Weight for Stitch Fix Inc. (NASDAQ: SFIX).
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 $0.26 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 $1.28 million. Insiders disposed of 315,120 shares of company stock worth roughly $1.26 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 $5,930,000. COATUE MANAGEMENT LLC invested $5,385,000 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 $4,898,000. DIVISAR CAPITAL MANAGEMENT LLC acquired a new stake in SFIX for approximately $4,764,000. ALGERT GLOBAL LLC purchased a new stake in SFIX valued at around $985,000 in the second quarter. In total, there are 244 active investors with 90.20% ownership of the company’s stock.
On Wednesday morning Stitch Fix Inc. (NASDAQ: SFIX) stock kicked off with the opening price of $4.2300. During the past 12 months, Stitch Fix Inc. has had a low of $2.63 and a high of $8.85. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.70, and a quick ratio of 1.10. The fifty day moving average price for SFIX is $3.6168 and a two-hundred day moving average price translates $4.0842 for the stock.
The latest earnings results from Stitch Fix Inc. (NASDAQ: SFIX) was released for Apr, 2023. According to the Apparel Retail Company, earnings per share came in at -$0.19, beating analysts’ expectations of -$0.3 by 0.11. This compares to -$0.72 EPS in the same period last year. The net profit margin was -13.70% and return on equity was -85.10% for SFIX. The company reported revenue of $394.91 million for the quarter, compared to $492.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.89 percent. For the current quarter, analysts expect SFIX to generate $371.29M 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.
