Stitch Fix Inc (SFIX) Gets a Buy Rating from Stifel Nicolaus

By Ryan Adsit

In a report released yesterday, Scott Devitt from Stifel Nicolaus reiterated a Buy rating on Stitch Fix Inc (SFIXResearch Report), with a price target of $28.00. The company’s shares closed last Monday at $20.14.

According to, Devitt is a top 100 analyst with an average return of 19.0% and a 66.4% success rate. Devitt covers the Technology sector, focusing on stocks such as Uber Technologies Inc, Jumia Technologies AG, and Eventbrite Inc.

Currently, the analyst consensus on Stitch Fix Inc is a Moderate Buy with an average price target of $26.89, a 37.7% upside from current levels. In a report issued on October 2, RBC Capital also maintained a Buy rating on the stock with a $38.00 price target.

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Stitch Fix Inc’s market cap is currently $2.05B and has a P/E ratio of 56.68. The company has a Price to Book ratio of 5.16.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SFIX in relation to earlier this year.

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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.