In a report released yesterday, Youssef Squali from SunTrust Robinson reiterated a Buy rating on Stitch Fix (SFIX), with a price target of $38.00. The company’s shares closed last Monday at $25.02.
According to TipRanks.com, Squali is a top 25 analyst with an average return of 28.3% and a 71.6% success rate. Squali covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, ANGI Homeservices, and Uber Technologies.
Stitch Fix has an analyst consensus of Moderate Buy, with a price target consensus of $27.90, representing a 16.0% upside. In a report issued on December 3, Stifel Nicolaus also reiterated a Buy rating on the stock with a $28.00 price target.
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Based on Stitch Fix’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $7.18 million. In comparison, last year the company had a net profit of $10.66 million.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SFIX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Stitch Fix, Inc. is an online personal styling service that delivers personalized Fixes of apparel and accessories to men, women and kids. The company was founded by Katrina Lake and Erin Morrison Flynn in February 2011 and is headquartered in San Francisco, CA.
