<div id="readability-page-1"><p>Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $4.69, but opened at $4.40. Stitch Fix shares last traded at $5.1160, with a volume of 961,209 shares.</p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Affirm Stock: Should You Buy the Dip After Walmart Setback?</li></ul><p>SFIX has been the topic of several analyst reports. Telsey Advisory Group  reaffirmed a &#34;market perform&#34; rating and issued a $6.00 target price on shares of Stitch Fix in a report on Monday. Sanford C. Bernstein  reissued a &#34;market perform&#34; rating and issued a $6.00 target price on shares of Stitch Fix in a report on Thursday, September 25th. UBS Group  reaffirmed a &#34;neutral&#34; rating on shares of Stitch Fix in a report on Wednesday, September 17th. Zacks Research upgraded Stitch Fix from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings  reaffirmed a &#34;sell (d-)&#34; rating on shares of Stitch Fix in a research report on Wednesday, October 8th. One research analyst  has rated the stock with a Strong Buy rating, one  has given a Buy rating, four have given a Hold rating and one  has given a Sell rating to the stock. According to data from MarketBeat, Stitch Fix  has a consensus rating of &#34;Hold&#34; and an average price target of $6.00.</p><p><b>Get Our Latest Stock Analysis on Stitch Fix</b></p><h2>Stitch Fix Stock Performance</h2><ul><li>Don’t Bet On A Rally In Stitch Fix, Invest In The Future</li></ul><p>The company has a market capitalization of $714.14 million, a price-to-earnings ratio of -11.55 and a beta of 2.22. The company's fifty day simple moving average is $4.29 and its two-hundred day simple moving average is $4.56. </p><p>Stitch Fix (NASDAQ:SFIX - Get Free Report) last posted its quarterly earnings results on Thursday, December 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.05). Stitch Fix had a negative net margin of 2.27% and a negative return on equity of 14.57%. The company had revenue of $342.13 million for the quarter, compared to the consensus estimate of $335.74 million. During the same period last year, the firm posted ($0.03) EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis.  Sell-side analysts anticipate that  Stitch Fix, Inc. will post -0.44 EPS for the current year. </p><h2>Insider Buying and Selling at Stitch Fix</h2><ul><li>Is There a Reasonable Price to Buy Stitch Fix Stock? </li></ul><p>In other news, insider Anthony Bacos sold 90,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $5.61, for a total value of $504,900.00. Following the completion of the transaction, the insider owned 799,966 shares of the company's stock, valued at approximately $4,487,809.26. This represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Casey O'connor sold 50,000 shares of the company's stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $4.41, for a total transaction of $220,500.00. Following the completion of the sale, the insider directly owned 431,441 shares of the company's stock, valued at $1,902,654.81. The trade was a 10.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 16.09% of the stock is owned by insiders. </p><h2>Institutional Investors Weigh In On Stitch Fix</h2><p>Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFIX. Ameritas Investment Partners Inc. lifted its position in  Stitch Fix by 32.3% in the second quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company's stock worth $40,000 after purchasing an additional 2,645 shares during the period.  Fuller &amp; Thaler Asset Management Inc. increased its position in shares of  Stitch Fix by 3.3% in the first quarter. Fuller &amp; Thaler Asset Management Inc. now owns 84,760 shares of the company's stock worth $275,000 after acquiring an additional 2,700 shares in the last quarter.  Wescott Financial Advisory Group LLC raised its stake in  Stitch Fix by 30.0% during the 2nd quarter. Wescott Financial Advisory Group LLC now owns 13,000 shares of the company's stock valued at $48,000 after purchasing an additional 3,000 shares during the period.  MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in  Stitch Fix by 7.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,270 shares of the company's stock valued at $199,000 after buying an additional 3,993 shares during the period.  Finally, The Manufacturers Life Insurance Company lifted its position in shares of  Stitch Fix by 12.1% in the second quarter. The Manufacturers Life Insurance Company now owns 39,807 shares of the company's stock worth $147,000 after purchasing an additional 4,303 shares in the last quarter. Institutional investors own  71.04% of the company's stock. </p><h2>Stitch Fix Company Profile</h2> (Get Free Report)<p>Stitch Fix, Inc sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc.</p><h2>See Also</h2><ul><li>Five stocks we like better than Stitch Fix</li><li>How to trade using analyst ratings</li><li>Will Crypto Miners Pivot to AI? Latest on 3 Key Players</li><li>Conference Calls and Individual Investors</li><li>Salesforce Stock Is Coiled Like a Spring and Ready to Rebound</li><li>What Are Earnings Reports?</li><li>Marvell's Rally Extends: Data Centers and AMZN Chips Boost Shares</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Stitch Fix Right Now?</h2><p>Before you consider Stitch Fix, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stitch Fix wasn't on the list.</p><p>While Stitch Fix currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SFIX

<p>Stitch Fix (NASDAQ:SFIX) shares gapped down, opening at $4.40 from a previous close of $4.69. Analysts have mixed ratings, with a consensus "Hold" and a $6.00 target price. The company reported quarterly earnings with a negative net margin and return on equity. Insider trading shows significant stock sales. Institutional investors have adjusted their stakes in the company.</p>

Stitch Fix (NASDAQ:SFIX) Shares Gap Down - Here's Why