UBS Group research analysts have started covering stocks of Point correction (NASDAQ: SFIX) in a report released on Thursday, Briefing.com reports. The company has set a “neutral” rating and a price target of $ 30.00 on the stock. The UBS Group price target would point to a potential rise of 32.92% from the company’s current price.
A number of other research analysts have also recently commented on SFIX. MKM Partners reduced its price target on Stitch Fix from $ 45 to $ 31.00 and set a âsellâ rating on the stock in a research report released on Wednesday, September 15. Truist reduced its price target on Stitch Fix from $ 77.00 to $ 60.00 and set a âbuyâ rating on the stock in a research report published on Wednesday, September 22. Barclays lowered its price target on Stitch Fix from $ 59 to $ 37.00 and set a rating of “equal weight” to the stock in a research report published on Wednesday, September 22. Piper Sandler lowered her Stitch Fix price target from $ 55.00 to $ 46.00 and set the stock “neutral” rating in a research report published on Wednesday, September 22. Finally, Stifel Nicolaus lowered his price target on Stitch Fix from $ 70.00 to $ 46.00 and set a âconservationâ rating on the stock in a research report published on Wednesday, September 22. Three analysts rated the stock with a sell rating, nine assigned a conservation rating, and seven gave the stock a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $ 78.76.
Actions of Stock of fixed points open at $ 22.57 Thursday. The company has a fifty-day simple moving average of $ 33.85 and a two-hundred-day simple moving average of $ 44.85. Stitch Fix has a one-year low at $ 22.53 and a one-year high at $ 113.76. The company has a market cap of $ 2.45 billion, a price-to-earnings ratio of -225.68 and a beta of 1.81.
Stitch Fix (NASDAQ: SFIX) last released its results on Monday, September 20. The company reported earnings per share of $ 0.19 for the quarter, beating Zacks’ consensus estimate ($ 0.12) by $ 0.31. Stitch Fix had a negative return on equity of 2.03% and a negative net margin of 0.42%. The company posted revenue of $ 571.20 million in the quarter, compared to a consensus estimate of $ 548.01 million. In the same quarter of last year, the company made earnings per share ($ 0.44). The company’s revenue increased 28.8% year-over-year. As a group, sell-side analysts expect Stitch Fix to post EPS of -0.71 for the current year.
In related news, COO Mike C. Smith sold 20,000 Stitch Fix shares in a trade that took place on Wednesday, November 10. The stock was sold for an average price of $ 33.36, for a total value of $ 667,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Katrina Lake sold 38,409 Stitch Fix shares in a trade that took place on Friday, September 17th. The stock was sold for an average price of $ 34.43, for a total value of $ 1,322,421.87. Disclosure of this sale can be found here. Insiders sold 265,211 shares of the company valued at $ 8,889,394 in the past three months. Insiders own 45.10% of the shares of the company.
A number of institutional investors and hedge funds have recently changed their holdings in the company. Working Capital Advisors UK Ltd. increased its stake in Stitch Fix by 27.8% in the second quarter. Working Capital Advisors UK Ltd. now owns 6,139,609 shares of the company valued at $ 370,218,000 after purchasing an additional 1,336,989 shares during the period. Vanguard Group Inc. increased its stake in Stitch Fix by 9.3% in the second quarter. Vanguard Group Inc. now owns 6,008,259 shares of the company valued at $ 362,298,000 after purchasing an additional 508,853 shares during the period. Baillie Gifford & Co. increased its stake in Stitch Fix by 5.9% in the second quarter. Baillie Gifford & Co. now owns 5,997,845 shares of the company valued at $ 361,670,000 after purchasing an additional 331,758 shares during the period. BlackRock Inc. increased its holdings of Stitch Fix shares by 22.8% during the third quarter. BlackRock Inc. now owns 5,390,497 shares of the company valued at $ 215,351,000 after acquiring an additional 1,002,554 shares during the last quarter. Finally, Morgan Stanley increased its stake in Stitch Fix shares by 23.8% during the second quarter. Morgan Stanley now owns 4,816,101 shares of the company valued at $ 290,411,000 after acquiring an additional 924,886 shares during the last quarter. 57.37% of the shares are currently held by hedge funds and other institutional investors.
Stitch Fix Company Profile
Stitch Fix, Inc is an online personal styling service that offers personalized clothing and accessories solutions for men, women and children. The company was founded by Katrina Lake and Erin Morrison Flynn in February 2011 and is headquartered in San Francisco, California.
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