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Stitch Fix (SFIX) Gets a Sell Rating from Wells Fargo

In a report issued on February 1, Ike Boruchow from Wells Fargo maintained a Sell rating on Stitch Fix (SFIXResearch Report), with a price target of $14.00. The company’s shares closed last Monday at $14.89, close to its 52-week low of $13.81.

According to TipRanks.com, Boruchow is a 3-star analyst with an average return of 2.8% and a 45.5% success rate. Boruchow covers the Consumer Goods sector, focusing on stocks such as aka Brands Holding Corp, Canada Goose Holdings, and Lululemon Athletica.

The word on The Street in general, suggests a Hold analyst consensus rating for Stitch Fix with a $25.20 average price target.

See today’s best-performing stocks on TipRanks >>

Based on Stitch Fix’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $581 million and GAAP net loss of $1.83 million. In comparison, last year the company earned revenue of $490 million and had a net profit of $9.54 million.

Based on the recent corporate insider activity of 109 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.

Read More on SFIX:

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