Analysts Anticipate Stitch Fix Inc (SFIX) Will Post Earnings of $0.03 Per Share

Analysts forecast that Stitch Fix Inc (NASDAQ:SFIX) will report earnings of $0.03 per share for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Stitch Fix’s earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at $0.02. The firm is expected to issue its next earnings results after the market closes on Monday, December 10th.

According to Zacks, analysts expect that Stitch Fix will report full year earnings of $0.13 per share for the current fiscal year, with EPS estimates ranging from $0.11 to $0.16. For the next fiscal year, analysts anticipate that the company will report earnings of $0.20 per share, with EPS estimates ranging from $0.16 to $0.32. Zacks’ EPS averages are an average based on a survey of analysts that follow Stitch Fix.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings data on Monday, October 1st. The company reported $0.18 earnings per share 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 business had revenue of $318.30 million during the quarter, compared to analysts’ expectations of $318.93 million. The firm’s revenue was up 23.2% compared to the same quarter last year.

A number of brokerages have recently weighed in on SFIX. Stifel Nicolaus lifted their price objective on Stitch Fix from $26.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Wells Fargo & Co began coverage on Stitch Fix in a research note on Thursday, August 2nd. They issued a “market perform” rating and a $30.00 price objective for the company. Piper Jaffray Companies set a $31.00 price objective on Stitch Fix and gave the company a “hold” rating in a research note on Tuesday, October 2nd. ValuEngine raised Stitch Fix from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. Finally, KeyCorp lowered their target price on Stitch Fix from $53.00 to $45.00 and set an “overweight” rating for the company in a research note on Tuesday, October 2nd. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $33.18.

Shares of NASDAQ SFIX traded down $0.09 during trading on Friday, reaching $26.79. The stock had a trading volume of 1,043,979 shares, compared to its average volume of 1,478,618. Stitch Fix has a fifty-two week low of $14.48 and a fifty-two week high of $52.44. The stock has a market capitalization of $2.62 billion and a PE ratio of 68.69.

In other Stitch Fix news, COO Mike C. Smith sold 25,000 shares of Stitch Fix stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $50.04, for a total transaction of $1,251,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Steven M. Spurlock sold 329,621 shares of Stitch Fix stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $26.48, for a total value of $8,728,364.08. The disclosure for this sale can be found here. Insiders have sold a total of 466,507 shares of company stock valued at $13,714,264 over the last three months. 56.97% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in SFIX. IFP Advisors Inc lifted its holdings in Stitch Fix by 2,302.5% during the 3rd quarter. IFP Advisors Inc now owns 2,883 shares of the company’s stock worth $126,000 after buying an additional 2,763 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Stitch Fix during the 3rd quarter worth about $153,000. Hsbc Holdings PLC purchased a new stake in Stitch Fix during the 3rd quarter worth about $202,000. D.A. Davidson & CO. purchased a new stake in Stitch Fix during the 2nd quarter worth about $203,000. Finally, California Public Employees Retirement System purchased a new stake in Stitch Fix during the 2nd quarter worth about $228,000. 21.63% of the stock is owned by institutional investors.

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.

Read More: What is the Dividend Aristocrat Index?

Get a free copy of the Zacks research report on Stitch Fix (SFIX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Stitch Fix (NASDAQ:SFIX)

Receive News & Ratings for Stitch Fix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stitch Fix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply