The ticker symbol for Stitch Fix, Inc., which can be found on the NASDAQ exchange, is SFIX. In a research report distributed on September 14th, Telsey Advisory Group lowered their expectations for the earnings per share Stitch Fix will generate for the fiscal year 2023. Analyst D. Telsey of the Telsey Advisory Group has increased his earlier prediction of the company’s profits per share to $0.89, an increase from his previous projection of $0.84. The Telsey Advisory Group has assigned the firm the rating of “Market Perform,” and the price objective for the company has been determined to be $8.00. The consensus estimate for Stitch Fix’s annual earnings per share is now set at $1.62.
On Friday, the NASDAQ SFIX opened for trade for $4.93. The company’s moving averages over the past 50 days and the last 200 days are $6.00 and $7.84.
The 52-week low for Stitch Fix is $4.66, and the 52-week high for the firm is $44.65. Over the past few months, there has been a rise in the number of research experts interested in SFIX. In research that was made public on Friday, June 10th, JPMorgan Chase & Co. cut their price objective for Stitch Fix shares from $10.00 to $8.00 and categorized the company as “neutral” in a research note. In a research report released on Friday, June 10th, Truist Financial graded Stitch Fix stock as a “hold” and dropped their price objective for the firm from $12.00 to $8.00. In addition, the price target for the stock was decreased.
In a research note made public on Friday, June 10th, BMO Capital Markets revealed that they would be dropping their price target for Stitch Fix shares from $11.00 to $8.00. The new price objective was released about the company’s decision to lower its price goal. In a research report released on Friday, June 10th, Wells Fargo & Company lowered their price objective on Stitch Fix shares from $8.00 to $6.00 and rated the company as “underweight.”
This move came after the firm had set its price target at $8.00. Finally, Stifel Nicolaus lowered their price objective on Stitch Fix shares from $9.00 to $7.00 in a report distributed on Tuesday, June 28th. This was the final relocation for the company. There have been two analysts who have suggested selling the stock, sixteen who have made the recommendation to hold onto the stock, and two who have made the recommendation to buy the stock. According to Bloomberg, the current general opinion regarding Stitch Fix is to “Hold” the stock, and the average price objective has been established at $13.95. On Friday, July 8th, Director J. William Gurley purchased one million shares of company stock. This is only one of the many changes in this topic. The shares were acquired at an average price of $5.43 per share, resulting in the cost of buying them being $5,430,000.00. Because of the transaction, the director now has direct ownership of 2,149,762 shares of the firm, and the total value of those shares is $11,673,207.66. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to get additional information regarding the transaction.
The company’s executives and other key employees own 27.01% of the total shares outstanding.
Recent months have seen significant adjustments implemented by large investors in how they retain ownership of the shares. Corton Capital Inc. increased its stake in Stitch Fix by approximately $200,000 during the fourth quarter of the fiscal year by purchasing more company shares. In addition, Gotham Asset Management LLC spent roughly $580,000 over the last three months of 2018 to acquire a new stake in Stitch Fix. The total value of Engineers Gate Manager LP’s holdings in Stitch Fix grew by 1,153.6% during the first three months of 2018. The most recent quarter saw Engineers Gate Manager LP acquire an additional 412,727 shares of the company’s stock, bringing their total number of shares owned in the company to 448,505, with a value of $4,516,000. This brings their total number of shares owned in the business to a total of 448,505 shares. The holdings in Stitch Fix managed by the California Public Employees’ Retirement System increased by 10.6% during the fourth quarter.
The California Public Employees’ Retirement System now has a total of 153,913 shares of the company’s stock, which are currently valued at $2,912,000 after the purchase of an additional 14,763 shares during the most recent quarter. These shares were purchased for a total of $2,912,000. During the first three months of this year, the State of Michigan Retirement System boosted the number of Stitch Fix shares that it holds by 175.7%. This was done to compete with other retirement systems in the state. The State of Michigan Retirement System now has 1,176,983 shares of the company’s stock, which are presently valued at $11,852,000 following the purchase of an additional 750,000 shares during the most recent quarter. This brings the total number of shares owned by the system to 1. Institutional investors hold 73.41% of the company’s shares, making up the entire percentage.
Customers can make purchases from Stitch Fix, Inc. by utilizing either the company’s website or its mobile app to complete their apparel, footwear, and accessories purchases. Under the brand name “Stitch Fix,” this company offers a variety of women’s apparel, including jeans, dresses, blouses, skirts, shoes, jewelry, and handbags, for sale. These things are stocked for males, females, and younger customers alike. In the past, this business was known to the public under the name Rack Habit Inc.