Stitch Fix Inc (NASDAQ:SFIX) – Research analysts at KeyCorp upped their FY2020 earnings per share estimates for Stitch Fix in a report released on Monday, December 9th. KeyCorp analyst E. Yruma now anticipates that the company will earn $0.12 per share for the year, up from their previous forecast of $0.10. KeyCorp has a “Overweight” rating and a $34.00 price objective on the stock. KeyCorp also issued estimates for Stitch Fix’s Q1 2021 earnings at ($0.04) EPS, Q2 2021 earnings at $0.13 EPS, Q3 2021 earnings at $0.01 EPS, Q4 2021 earnings at $0.08 EPS and FY2021 earnings at $0.19 EPS.
A number of other equities research analysts also recently weighed in on SFIX. Robert W. Baird reaffirmed a “buy” rating and set a $33.00 price objective (up from $28.00) on shares of Stitch Fix in a report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and set a $32.00 price objective (up from $28.00) on shares of Stitch Fix in a report on Tuesday. TheStreet raised Stitch Fix from a “d” rating to a “c” rating in a report on Monday. Barclays cut their target price on shares of Stitch Fix from $32.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Finally, Telsey Advisory Group began coverage on shares of Stitch Fix in a research note on Friday, October 18th. They issued an “outperform” rating and a $29.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $29.69.
Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Tuesday, October 1st. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $432.10 million for the quarter, compared to the consensus estimate of $432.44 million. Stitch Fix had a return on equity of 6.94% and a net margin of 1.57%. The company’s quarterly revenue was up 35.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share.
In other news, insider Scott Darling sold 4,000 shares of Stitch Fix stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $25.00, for a total value of $100,000.00. Following the completion of the transaction, the insider now owns 63,157 shares in the company, valued at $1,578,925. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder J William Gurley bought 1,612 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was purchased at an average price of $87.25 per share, with a total value of $140,647.00. Insiders sold 328,167 shares of company stock valued at $7,346,140 in the last quarter. 47.52% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its position in Stitch Fix by 3.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 14,359 shares of the company’s stock worth $459,000 after purchasing an additional 465 shares during the last quarter. Rhumbline Advisers raised its position in Stitch Fix by 1.0% in the 3rd quarter. Rhumbline Advisers now owns 52,552 shares of the company’s stock worth $1,012,000 after purchasing an additional 502 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Stitch Fix by 7.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 7,688 shares of the company’s stock worth $246,000 after purchasing an additional 551 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Stitch Fix by 27.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 2,749 shares of the company’s stock worth $53,000 after purchasing an additional 590 shares during the last quarter. Finally, Brighton Jones LLC raised its position in Stitch Fix by 2.8% in the 3rd quarter. Brighton Jones LLC now owns 23,911 shares of the company’s stock worth $460,000 after purchasing an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 41.77% of the company’s stock.
Stitch Fix Company Profile
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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