Stitch Fix (NASDAQ:SFIX) Rating Reiterated by Telsey Advisory Group

Posted by on Mar 10th, 2023

Stitch Fix (NASDAQ:SFIX – Get Rating)‘s stock had its “market perform” rating reissued by equities researchers at Telsey Advisory Group in a research report issued on Wednesday, Benzinga reports. They currently have a $5.00 price target on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 0.20% from the stock’s current price.

Several other analysts have also weighed in on SFIX. JPMorgan Chase & Co. lowered Stitch Fix from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 20th. Truist Financial cut their price objective on Stitch Fix from $6.00 to $5.00 and set a “hold” rating for the company in a report on Wednesday, December 7th. Wells Fargo & Company raised Stitch Fix from an “underweight” rating to an “equal weight” rating and set a $4.00 target price on the stock in a research report on Friday, January 6th. UBS Group cut their target price on Stitch Fix from $4.30 to $4.20 and set a “neutral” rating on the stock in a research report on Wednesday, December 7th. Finally, Evercore ISI cut their target price on Stitch Fix from $7.00 to $6.00 and set an “in-line” rating on the stock in a research report on Wednesday, December 7th. Two equities research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.34.

Stitch Fix Trading Up 0.8 %

Shares of SFIX stock opened at $4.99 on Wednesday. The stock has a fifty day moving average of $4.51 and a two-hundred day moving average of $4.26. Stitch Fix has a 1 year low of $2.63 and a 1 year high of $11.50.

Stitch Fix (NASDAQ:SFIX – Get Rating) last announced its quarterly earnings data on Tuesday, March 7th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.01). The firm had revenue of $412.12 million during the quarter, compared to analyst estimates of $412.94 million. Stitch Fix had a negative net margin of 16.06% and a negative return on equity of 70.72%. The company’s quarterly revenue was down 20.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) EPS. As a group, research analysts predict that Stitch Fix will post -1.36 earnings per share for the current year.

Hedge Funds Weigh In On Stitch Fix

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its holdings in shares of Stitch Fix by 64.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,515 shares of the company’s stock worth $26,000 after buying an additional 2,543 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Stitch Fix by 73.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,652 shares of the company’s stock worth $34,000 after buying an additional 3,667 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Stitch Fix in the 2nd quarter worth approximately $49,000. Creative Planning acquired a new position in shares of Stitch Fix in the 4th quarter worth approximately $32,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Stitch Fix in the 4th quarter worth approximately $32,000. 68.38% of the stock is owned by institutional investors and hedge funds.

Stitch Fix Company Profile

(Get Rating)

Stitch Fix, Inc engages in the provision of personalized shipments of apparel, shoes, and accessories. The firm also delivers personalization to clients through the pairing of data science and human judgment. The company was founded by Katrina Lake and Erin Morrison Flynn in February 2011 and is headquartered in San Francisco, CA.

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