Stitch Fix (NASDAQ:SFIX) Issues Earnings Results

Stitch Fix (NASDAQ:SFIX) issued its earnings results on Tuesday. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06, Zacks reports. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The business had revenue of $325.02 million during the quarter, compared to the consensus estimate of $315.03 million. During the same period in the previous year, the company posted ($0.15) earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Stitch Fix updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Stitch Fix Price Performance

Shares of SFIX opened at $4.28 on Thursday. The firm has a market cap of $551.25 million, a PE ratio of -5.16 and a beta of 2.00. The stock’s fifty day moving average price is $3.74 and its two-hundred day moving average price is $4.21. Stitch Fix has a 1 year low of $2.21 and a 1 year high of $6.99.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday.

Insider Buying and Selling at Stitch Fix

In related news, insider Casey O’connor sold 50,000 shares of the business’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $3.04, for a total transaction of $152,000.00. Following the sale, the insider now directly owns 575,755 shares in the company, valued at approximately $1,750,295.20. The trade was a 7.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Working Capital Advisors (Uk) sold 1,370,931 shares of the business’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $4.68, for a total value of $6,415,957.08. Following the sale, the insider now owns 10,608,822 shares in the company, valued at approximately $49,649,286.96. The trade was a 11.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.95% of the company’s stock.

Hedge Funds Weigh In On Stitch Fix

An institutional investor recently raised its position in Stitch Fix stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Stitch Fix, Inc. (NASDAQ:SFIX) by 7.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,270 shares of the company’s stock after purchasing an additional 3,993 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Stitch Fix were worth $199,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Stitch Fix Company Profile

Stitch Fix, Inc sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc.