Shares of Stitch Fix Inc (NASDAQ:SFIX) have been given an average rating of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $25.71.
Several brokerages recently issued reports on SFIX. Stifel Nicolaus boosted their price target on shares of Stitch Fix from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Friday. Buckingham Research began coverage on shares of Stitch Fix in a research report on Monday, March 19th. They set a “neutral” rating and a $22.00 price target on the stock. Finally, ValuEngine upgraded shares of Stitch Fix from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th.
Get Stitch Fix alerts:Shares of Stitch Fix traded up $1.83, reaching $21.50, during mid-day trading on Tuesday, MarketBeat reports. The stock had a trading volume of 119,589 shares, compared to its average volume of 798,354. Stitch Fix has a 52-week low of $14.48 and a 52-week high of $30.07.
Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings results on Thursday, June 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. The company had revenue of $316.70 million for the quarter, compared to analysts’ expectations of $306.67 million. During the same quarter in the prior year, the firm earned ($0.38) EPS. Stitch Fix’s quarterly revenue was up 29.2% compared to the same quarter last year. equities analysts predict that Stitch Fix will post 0.14 EPS for the current year.
In related news, CEO Katrina Lake sold 200,000 shares of the business’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $19.96, for a total transaction of $3,992,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Barry Eggers sold 31,886 shares of the business’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $19.19, for a total transaction of $611,892.34. The disclosure for this sale can be found here. Insiders have sold 833,181 shares of company stock worth $17,149,049 in the last three months.
A number of large investors have recently bought and sold shares of SFIX. Millennium Management LLC bought a new position in shares of Stitch Fix in the first quarter worth approximately $296,000. Element Capital Management LLC bought a new position in shares of Stitch Fix in the first quarter worth approximately $220,000. Barclays PLC lifted its stake in shares of Stitch Fix by 17,113.6% in the first quarter. Barclays PLC now owns 115,503 shares of the company’s stock worth $2,343,000 after buying an additional 114,832 shares in the last quarter. Blair William & Co. IL bought a new position in shares of Stitch Fix in the first quarter worth approximately $1,458,000. Finally, Pier Capital LLC bought a new position in shares of Stitch Fix in the first quarter worth approximately $4,077,000. 12.05% of the stock is currently owned by institutional investors and hedge funds.
Stitch Fix Company Profile
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 and women 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.
No comments:
Post a Comment