Stitch Fix (NASDAQ:SFIX) is scheduled to release its earnings data after the market closes on Monday, December 9th. Analysts expect Stitch Fix to post earnings of ($0.06) per share for the quarter. Stitch Fix has set its Q1 2020 guidance at EPS and its FY 2020 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.
Stitch Fix (NASDAQ:SFIX) last released its earnings results on Tuesday, October 1st. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $432.10 million during the quarter, compared to the consensus estimate of $432.44 million. Stitch Fix had a net margin of 2.34% and a return on equity of 10.11%. The company’s revenue was up 35.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, analysts expect Stitch Fix to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NASDAQ:SFIX opened at $24.09 on Friday. The firm has a fifty day moving average of $23.03 and a two-hundred day moving average of $23.82. Stitch Fix has a 12-month low of $16.05 and a 12-month high of $37.72. The firm has a market capitalization of $2.45 billion, a P/E ratio of 66.92, a price-to-earnings-growth ratio of 28.96 and a beta of 3.31.
In other Stitch Fix news, CEO Katrina Lake sold 100,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $20.98, for a total transaction of $2,098,000.00. Also, Director J William Gurley purchased 150,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was purchased at an average cost of $23.41 per share, for a total transaction of $3,511,500.00. Insiders sold 311,667 shares of company stock valued at $6,933,640 in the last ninety days. Insiders own 47.52% of the company’s stock.
A number of research firms recently issued reports on SFIX. Piper Jaffray Companies reduced their price objective on Stitch Fix from $28.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price target on Stitch Fix from $34.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Robert W. Baird started coverage on Stitch Fix in a report on Tuesday, October 15th. They issued an “outperform” rating and a $28.00 price objective on the stock. TheStreet lowered shares of Stitch Fix from a “c-” rating to a “d” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada reduced their target price on shares of Stitch Fix from $43.00 to $38.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $29.00.
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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