Stitch Fix (NASDAQ:SFIX) Stock Price Expected to Rise, UBS Group Analyst Says

Stitch Fix (NASDAQ:SFIX) had its price target boosted by UBS Group from $2.80 to $5.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 10.38% from the company’s current price.

A number of other equities research analysts also recently weighed in on SFIX. Canaccord Genuity Group lifted their target price on Stitch Fix from $3.50 to $5.00 and gave the stock a “hold” rating in a report on Monday. Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 price objective on shares of Stitch Fix in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.60.

Stitch Fix Trading Down 0.4 %

NASDAQ SFIX opened at $4.53 on Wednesday. Stitch Fix has a 12 month low of $2.06 and a 12 month high of $5.05. The stock has a 50 day moving average of $3.46 and a 200-day moving average of $3.62. The company has a market cap of $574.59 million, a PE ratio of -4.19 and a beta of 1.99.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Tuesday, September 24th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.07. Stitch Fix had a negative return on equity of 40.62% and a negative net margin of 9.63%. The company had revenue of $319.55 million during the quarter, compared to analysts’ expectations of $317.48 million. As a group, sell-side analysts predict that Stitch Fix will post -0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Pallas Capital Advisors LLC purchased a new stake in shares of Stitch Fix in the second quarter worth approximately $48,000. Baader Bank Aktiengesellschaft purchased a new stake in Stitch Fix in the 2nd quarter valued at $46,000. Caprock Group LLC bought a new position in Stitch Fix during the 3rd quarter valued at $33,000. CWM LLC boosted its holdings in Stitch Fix by 132.5% during the 2nd quarter. CWM LLC now owns 11,867 shares of the company’s stock worth $49,000 after acquiring an additional 6,762 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Stitch Fix during the 3rd quarter worth $36,000. 71.04% of the stock is owned by institutional investors.

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.