Analysts forecast that Stitch Fix Inc (NASDAQ:SFIX) will post earnings of $0.03 per share for the current quarter, Zacks reports. Seven analysts have made estimates for Stitch Fix’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.02. The business is scheduled to report its next earnings report after the market closes on Monday, December 10th.
On average, analysts expect that Stitch Fix will report full year earnings of $0.13 per share for the current year, with EPS estimates ranging from $0.11 to $0.16. For the next fiscal year, analysts anticipate that the business will report earnings of $0.20 per share, with EPS estimates ranging from $0.16 to $0.32. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Stitch Fix.
Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings results on Monday, October 1st. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.14. Stitch Fix had a return on equity of 19.95% and a net margin of 3.66%. The firm had revenue of $318.30 million during the quarter, compared to the consensus estimate of $318.93 million. The business’s revenue for the quarter was up 23.2% on a year-over-year basis.
Several equities research analysts have recently weighed in on the company. SunTrust Banks assumed coverage on Stitch Fix in a research report on Friday, August 10th. They issued a “buy” rating and a $38.00 target price for the company. Zacks Investment Research downgraded Stitch Fix from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. KeyCorp decreased their target price on Stitch Fix from $53.00 to $45.00 and set an “overweight” rating for the company in a research report on Tuesday, October 2nd. Piper Jaffray Companies downgraded Stitch Fix from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $29.00 to $43.00 in a research report on Thursday, September 20th. Finally, ValuEngine downgraded Stitch Fix from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Stitch Fix currently has a consensus rating of “Hold” and an average target price of $33.18.
In related news, insider Mike C. Smith sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $26.78, for a total value of $669,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Paul Yee sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $29.48, for a total value of $147,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 409,621 shares of company stock worth $11,439,264. Insiders own 56.97% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its stake in shares of Stitch Fix by 2,302.5% in the third quarter. IFP Advisors Inc now owns 2,883 shares of the company’s stock worth $126,000 after acquiring an additional 2,763 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of Stitch Fix in the third quarter worth about $153,000. Hsbc Holdings PLC acquired a new position in shares of Stitch Fix in the third quarter worth about $202,000. D.A. Davidson & CO. acquired a new position in shares of Stitch Fix in the second quarter worth about $203,000. Finally, California Public Employees Retirement System acquired a new position in shares of Stitch Fix in the second quarter worth about $228,000. Institutional investors and hedge funds own 22.36% of the company’s stock.
SFIX stock traded down $2.28 during trading on Monday, reaching $26.36. 2,744,607 shares of the stock traded hands, compared to its average volume of 997,600. Stitch Fix has a 52-week low of $18.00 and a 52-week high of $52.44. The company has a market cap of $2.84 billion and a PE ratio of 67.59.
About Stitch Fix
Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc in October 2011.
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