Stitch Fix (SFIX) Sinks as Analysts Throw Shade

SFIX investors were likely spooked this aftermarket by Barrons's report: "Hold Stitch Fix. It 'Is Not the Stock You're Looking for,' Analyst Says. ..." For more coverage, read the full article here. On the back of this news, Stitch Fix sank -7.24% to a price of $4.61. Are the markets overreacting?

Stitch Fix, Inc. sells a variety of clothing, shoes, and accessories through its website and mobile app in the United States. The company belongs to the Consumer Discretionary sector, which has an average price to earnings (P/E) ratio of 22.33 and an average price to book (P/B) ratio of 3.12. In contrast, Stitch Fix has a trailing 12 month P/E ratio of -1.79 and a P/B ratio of 1.534.

Stitch Fix has moved -54.86% over the last year compared to -6.814355% for the S&P 500 -- a difference of -48.05%. Stitch Fix has a 52 week high of $11.5 and a 52 week low of $2.63. At today's price of $4.61 per share, Stitch Fix is 3.6% away from its target price of $4.45, and on average, analysts give the stock a rating of hold. 18% of the company's shares are linked to short positions, and 91% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.