Needham Maintains Their Hold Rating on Stitch Fix (SFIX)

By Ryan Adsit

Needham analyst Rick Patel maintained a Hold rating on Stitch Fix (SFIXResearch Report) on December 6. The company’s shares closed last Monday at $24.09.

According to TipRanks.com, Patel is a 1-star analyst with an average return of -3.5% and a 46.1% success rate. Patel covers the Services sector, focusing on stocks such as Designer Brands, Capri Holdings, and Ralph Lauren.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Stitch Fix with a $27.90 average price target, representing a 18.9% upside. In a report issued on December 6, Wells Fargo also maintained a Hold rating on the stock.

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Stitch Fix’s market cap is currently $2.45B and has a P/E ratio of 67.80. The company has a Price to Book ratio of 6.17.

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.