Stitch Fix (SFIX) Receives a Rating Update from a Top Analyst

In a report released today, Scott Devitt from Stifel Nicolaus reiterated a Buy rating on Stitch Fix (SFIXResearch Report), with a price target of $28.00. The company’s shares closed last Monday at $24.15.

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 19.3% and a 66.3% success rate. Devitt covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies, and Mercadolibre.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Stitch Fix with a $27.55 average price target, which is a 19.8% upside from current levels. In a report released today, SunTrust Robinson also maintained a Buy rating on the stock with a $36.00 price target.

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Stitch Fix’s market cap is currently $2.42B and has a P/E ratio of 66.84. The company has a Price to Book ratio of 6.08.

Based on the recent corporate insider activity of 68 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.