In yesterday’s Wall Street session, Stitch Fix Inc. (NASDAQ:SFIX) shares traded at $3.42, up 12.13% from the previous session.
As of this writing, 16 analysts cover 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 $2.50, we find $4.00. Given the previous closing price of $3.05, this indicates a potential upside of 31.15 percent. SFIX stock price is now -17.01% away from the 50-day moving average and -16.98% away from the 200-day moving average. The market capitalization of the company currently stands at $402.98M.
There are 14 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $3.86 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, O’Connor Casey, Chief Legal Officer sold 9,262 shares of the company’s stock on Jul 20. The stock was sold for $39,008 at an average price of $4.21. Upon completion of the transaction, the Chief Legal Officer now directly owns 284,346 shares in the company, valued at $0.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 03, Chief Accounting Officer Barkema Sarah sold 10,000 shares of the business’s stock. A total of $49,963 was realized by selling the stock at an average price of $5.00. This leaves the insider owning 65,903 shares of the company worth $0.23 million. Insiders disposed of 203,535 shares of company stock worth roughly $0.7 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 JACOBS LEVY EQUITY MANAGEMENT, INC during the first quarter worth $4,071,000. CLEARLINE CAPITAL LP invested $1,809,000 in shares of SFIX during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Stitch Fix Inc. valued at approximately $769,000. XTX TOPCO LTD acquired a new stake in SFIX for approximately $727,000. POINT72 MIDDLE EAST FZE purchased a new stake in SFIX valued at around $540,000 in the second quarter.
Tuesday morning saw Stitch Fix Inc. (NASDAQ: SFIX) opened at $2.9000. During the past 12 months, Stitch Fix Inc. has had a low of $2.63 and a high of $6.03. 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 $4.1046 and a two-hundred day moving average price translates $4.1166 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 -$0.24, missing analysts’ expectations of -$0.21 by -0.03. 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 $402.4M 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.
