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

Stitch Fix (NASDAQ:SFIX)‘s stock had its “market perform” rating reiterated by Telsey Advisory Group in a report released on Wednesday, Benzinga reports. They presently have a $4.00 target price on the stock. Telsey Advisory Group’s price target points to a potential upside of 64.61% from the stock’s current price.

SFIX has been the topic of a number of other reports. UBS Group raised their target price on Stitch Fix from $2.80 to $3.80 and gave the company a “neutral” rating in a research note on Monday, July 8th. Truist Financial boosted their target price on shares of Stitch Fix from $3.50 to $4.00 and gave the company a “hold” rating in a research note on Wednesday, June 5th. Mizuho raised their price target on shares of Stitch Fix from $2.00 to $3.00 and gave the company an “underperform” rating in a research note on Monday, June 10th. Canaccord Genuity Group boosted their price objective on Stitch Fix from $3.50 to $4.50 and gave the stock a “hold” rating in a research report on Thursday, June 27th. Finally, Wedbush restated a “neutral” rating and issued a $3.00 target price on shares of Stitch Fix in a research report on Wednesday, June 5th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.45.

Stitch Fix Stock Performance

Shares of Stitch Fix stock traded down $1.32 on Wednesday, reaching $2.43. 3,679,291 shares of the company were exchanged, compared to its average volume of 1,741,501. The firm has a market cap of $297.29 million, a price-to-earnings ratio of -2.38 and a beta of 1.92. Stitch Fix has a 1-year low of $2.06 and a 1-year high of $5.05. The company’s 50-day moving average is $3.88 and its two-hundred day moving average is $3.23.

Insider Transactions at Stitch Fix

In related news, Director Katrina Lake sold 537,007 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $5.01, for a total transaction of $2,690,405.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Stitch Fix news, Director Katrina Lake sold 537,007 shares of Stitch Fix stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $5.01, for a total value of $2,690,405.07. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matt Baer sold 44,230 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $5.00, for a total value of $221,150.00. Following the sale, the chief executive officer now owns 973,769 shares of the company’s stock, valued at approximately $4,868,845. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 626,663 shares of company stock valued at $3,101,692. Corporate insiders own 25.90% of the company’s stock.

Hedge Funds Weigh In On Stitch Fix

A number of institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC acquired a new position in shares of Stitch Fix in the second quarter worth about $99,000. Disciplined Growth Investors Inc. MN grew its position in Stitch Fix by 34.9% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 9,273,817 shares of the company’s stock worth $38,486,000 after purchasing an additional 2,396,920 shares in the last quarter. Algert Global LLC acquired a new stake in Stitch Fix during the 2nd quarter valued at $290,000. Susquehanna Fundamental Investments LLC boosted its position in shares of Stitch Fix by 56.4% in the second quarter. Susquehanna Fundamental Investments LLC now owns 153,360 shares of the company’s stock worth $636,000 after buying an additional 55,290 shares during the period. Finally, Sei Investments Co. acquired a new stake in shares of Stitch Fix in the second quarter worth $81,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.

About Stitch Fix

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.