Stitch Fix (NASDAQ:SFIX) posted its quarterly earnings data on Sunday. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.09, Fidelity Earnings reports. Stitch Fix had a negative return on equity of 21.32% and a negative net margin of 4.97%.
NASDAQ SFIX traded up $7.68 during mid-day trading on Tuesday, hitting $65.62. The company’s stock had a trading volume of 324,900 shares, compared to its average volume of 2,588,661. Stitch Fix has a 52-week low of $21.60 and a 52-week high of $113.76. The company has a fifty day moving average price of $47.38. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of -74.56 and a beta of 2.04.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Stitch Fix from a “sell” rating to a “hold” rating and set a $42.00 price target for the company in a report on Tuesday, May 11th. Robert W. Baird boosted their price target on Stitch Fix from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday. KeyCorp decreased their price objective on Stitch Fix to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, March 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $54.00 target price on shares of Stitch Fix in a research note on Monday, March 15th. Finally, Telsey Advisory Group increased their target price on Stitch Fix from $54.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, March 4th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $82.73.
About Stitch Fix
Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile application 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.
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