Stitch Fix Faces Price Target Cuts By Analysts Following Q4 Results, Shares Slide

Stitch Fix Faces Price Target Cuts By Analysts Following Q4 Results, Shares Slide

Stitch Fix, Inc. SFIX reported a wider-than-expected loss for its fourth quarter and issued weak Q1 sales guidance.

Stitch Fix said it expects fiscal first-quarter revenue to be between $455 million and $465 million versus the estimate of $522.68 million.

Stitch Fix shares fell 5.1% to $4.48 in pre-market trading.

These analysts made changes to their price targets on Stitch Fix following the release of results.

  • Telsey Advisory Group cut price target on Stitch Fix from $8 to $6. Telsey Advisory Group analyst Dana Telsey maintained the stock with a Market Perform.
  • Stifel lowered Stitch Fix price target from $7 to $6. Stifel analyst Lamont Williams maintained the stock with a Hold.
  • BMO Capital reduced Stitch Fix price target from $6 to $5. BMO Capital analyst Simeon Siegel maintained a Market Perform rating on the stock.
  • Morgan Stanley lowered price target on the stock from $5 to $4. Morgan Stanley analyst Lauren Schenk maintained Stitch Fix with an Equal-Weight.
  • Canaccord Genuity cut the price target on the stock from $12 to $7. Canaccord Genuity analyst Maria Ripps downgraded the stock from Buy to Hold.
  • MKM Partners reduced Stitch Fix’s price target from $6 to $5. MKM Partners analyst David Bellinger maintained a Neutral rating on the stock.
  • Evercore ISI Group cut Stitch Fix’s price target from $10 to $7. Evercore ISI Group analyst Mark Mahaney maintained the stock with an In-Line.

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