Stitch Fix Inc (NASDAQ:SFIX) – Equities researchers at William Blair issued their Q3 2019 earnings per share (EPS) estimates for shares of Stitch Fix in a research note issued to investors on Tuesday, March 12th. William Blair analyst R. Schackart forecasts that the company will post earnings of ($0.03) per share for the quarter. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for Stitch Fix’s Q4 2019 earnings at $0.04 EPS and FY2019 earnings at $0.23 EPS.
Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Monday, March 11th. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.07. The company had revenue of $370.28 million for the quarter, compared to analyst estimates of $365.28 million. Stitch Fix had a return on equity of 15.99% and a net margin of 3.67%.
Other equities research analysts have also issued research reports about the company. Royal Bank of Canada lifted their target price on Stitch Fix from $39.00 to $52.00 and gave the company an “outperform” rating in a research report on Tuesday. KeyCorp dropped their target price on Stitch Fix from $45.00 to $38.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 11th. Barclays dropped their target price on Stitch Fix from $33.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 11th. Piper Jaffray Companies dropped their target price on Stitch Fix to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 11th. Finally, ValuEngine lowered Stitch Fix from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $35.50.
NASDAQ SFIX opened at $31.63 on Friday. The stock has a market cap of $3.36 billion, a PE ratio of 81.10, a price-to-earnings-growth ratio of 7.56 and a beta of 3.37. Stitch Fix has a one year low of $16.05 and a one year high of $52.44.
Hedge funds have recently bought and sold shares of the business. AdvisorNet Financial Inc bought a new position in Stitch Fix in the fourth quarter valued at approximately $29,000. Stratos Wealth Partners LTD. bought a new position in Stitch Fix in the third quarter valued at approximately $153,000. Capital Investment Advisory Services LLC bought a new position in Stitch Fix in the fourth quarter valued at approximately $62,000. Hsbc Holdings PLC bought a new position in Stitch Fix in the third quarter valued at approximately $202,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Stitch Fix in the third quarter valued at approximately $244,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.
In other Stitch Fix news, insider Mike C. Smith sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $19.03, for a total value of $475,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Steven M. Spurlock sold 510,588 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $32.05, for a total value of $16,364,345.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 819,520 shares of company stock valued at $24,067,313. Corporate insiders own 56.97% of the company’s stock.
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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