Stitch Fix Inc (NASDAQ:SFIX)’s stock price was down 8% during trading on Tuesday . The stock traded as low as $17.70 and last traded at $18.20, approximately 4,759,920 shares traded hands during trading. An increase of 99% from the average daily volume of 2,387,897 shares. The stock had previously closed at $19.78.
Several equities research analysts recently commented on SFIX shares. Stifel Nicolaus raised shares of Stitch Fix from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Monday, July 22nd. Royal Bank of Canada dropped their price objective on shares of Stitch Fix from $52.00 to $43.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Stitch Fix from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. Zacks Investment Research lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, Goldman Sachs Group raised shares of Stitch Fix from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Friday, July 12th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Stitch Fix presently has a consensus rating of “Hold” and an average price target of $35.50.
The firm has a market capitalization of $1.98 billion, a PE ratio of 46.67, a PEG ratio of 2.44 and a beta of 3.35. The firm’s fifty day simple moving average is $20.25 and its 200-day simple moving average is $25.63.
Institutional investors have recently modified their holdings of the business. Weaver Consulting Group purchased a new position in Stitch Fix in the first quarter worth about $28,000. Captrust Financial Advisors raised its holdings in shares of Stitch Fix by 392.0% during the second quarter. Captrust Financial Advisors now owns 1,230 shares of the company’s stock valued at $39,000 after purchasing an additional 980 shares during the last quarter. Bell Rock Capital LLC purchased a new position in shares of Stitch Fix during the second quarter valued at approximately $51,000. Griffin Asset Management Inc. purchased a new position in shares of Stitch Fix during the second quarter valued at approximately $63,000. Finally, Botty Investors LLC purchased a new position in shares of Stitch Fix during the first quarter valued at approximately $61,000. 39.43% of the stock is owned by institutional investors and hedge funds.
About Stitch Fix (NASDAQ:SFIX)
Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc in October 2011.
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