Stitch Fix (NASDAQ:SFIX) Price Target Lowered to $2.80 at UBS Group

Stitch Fix (NASDAQ:SFIX) had its target price trimmed by UBS Group from $3.80 to $2.80 in a report published on Friday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Telsey Advisory Group restated a market perform rating and issued a $4.00 price target on shares of Stitch Fix in a report on Wednesday, September 25th. Canaccord Genuity Group lowered their target price on Stitch Fix from $4.50 to $3.50 and set a hold rating on the stock in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $3.27.

Stitch Fix Stock Performance

Shares of SFIX opened at $2.74 on Friday. The company has a market capitalization of $347.54 million, a price-to-earnings ratio of -2.54 and a beta of 1.90. Stitch Fix has a fifty-two week low of $2.06 and a fifty-two week high of $5.05. The firm has a 50-day simple moving average of $3.40 and a 200-day simple moving average of $3.25.

Insider Transactions at Stitch Fix

In other news, CEO Matt Baer sold 44,230 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $5.00, for a total transaction of $221,150.00. Following the transaction, the chief executive officer now owns 973,769 shares of the company’s stock, valued at approximately $4,868,845. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Stitch Fix news, Director Katrina Lake sold 537,007 shares of the business’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matt Baer sold 44,230 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $5.00, for a total value of $221,150.00. Following the completion of the transaction, the chief executive officer now directly owns 973,769 shares of the company’s stock, valued at approximately $4,868,845. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 584,282 shares of company stock valued at $2,926,658. 25.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Stitch Fix

Several large investors have recently bought and sold shares of the stock. Hodges Capital Management Inc. acquired a new position in shares of Stitch Fix during the 1st quarter valued at $1,716,000. Los Angeles Capital Management LLC raised its position in Stitch Fix by 673.2% in the first quarter. Los Angeles Capital Management LLC now owns 516,782 shares of the company’s stock worth $1,364,000 after acquiring an additional 449,948 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in Stitch Fix by 34.9% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 9,273,817 shares of the company’s stock valued at $38,486,000 after acquiring an additional 2,396,920 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Stitch Fix by 116.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 22,378 shares of the company’s stock valued at $59,000 after purchasing an additional 12,028 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Stitch Fix by 132.5% in the second quarter. CWM LLC now owns 11,867 shares of the company’s stock valued at $49,000 after buying an additional 6,762 shares in the last quarter. Institutional investors and hedge funds own 71.04% of the company’s stock.

Stitch Fix Company Profile

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.