Stitch Fix (NASDAQ:SFIX) Posts Quarterly Earnings Results, Misses Expectations By $0.26 EPS

Stitch Fix (NASDAQ:SFIX) posted its quarterly earnings data on Tuesday. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.26), MarketWatch Earnings reports. The business had revenue of $443.40 million for the quarter, compared to analyst estimates of $415.52 million. Stitch Fix had a negative return on equity of 3.71% and a negative net margin of 0.91%. Stitch Fix’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 EPS.

Shares of Stitch Fix stock opened at $26.51 on Thursday. The business has a 50-day moving average of $25.32 and a 200-day moving average of $21.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.25 and a quick ratio of 1.44. The company has a market capitalization of $2.72 billion, a PE ratio of -176.72 and a beta of 2.73. Stitch Fix has a 1-year low of $10.90 and a 1-year high of $31.60.

In related news, COO Mike C. Smith sold 20,000 shares of Stitch Fix stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $23.95, for a total value of $479,000.00. Following the completion of the transaction, the chief operating officer now directly owns 101,340 shares in the company, valued at $2,427,093. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Darling sold 8,000 shares of Stitch Fix stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $27.44, for a total value of $219,520.00. Following the completion of the transaction, the insider now owns 90,074 shares of the company’s stock, valued at $2,471,630.56. The disclosure for this sale can be found here. Insiders have sold 360,904 shares of company stock valued at $9,645,609 over the last 90 days. Insiders own 47.52% of the company’s stock.

SFIX has been the topic of several research reports. BidaskClub raised Stitch Fix from a “sell” rating to a “hold” rating in a research report on Wednesday, September 9th. Nomura increased their target price on Stitch Fix from $18.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. MKM Partners initiated coverage on Stitch Fix in a research report on Thursday, September 17th. They issued a “neutral” rating and a $25.00 target price on the stock. Telsey Advisory Group increased their target price on Stitch Fix from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, September 18th. Finally, SunTrust Banks increased their target price on Stitch Fix from $22.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $25.70.

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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Earnings History for Stitch Fix (NASDAQ:SFIX)

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