Stitch Fix (NASDAQ:SFIX) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

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.

In related news, CEO Katrina Lake sold 33,360 shares of the firm’s stock in a transaction that occurred on Wednesday, May 19th. The shares were sold at an average price of $43.58, for a total value of $1,453,828.80. Following the transaction, the chief executive officer now owns 15,437 shares in the company, valued at $672,744.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Marka Hansen sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 5th. The shares were sold at an average price of $42.19, for a total transaction of $421,900.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $421,900. The disclosure for this sale can be found here. Insiders sold 427,753 shares of company stock worth $20,610,102 in the last 90 days. 45.10% of the stock is currently owned by insiders.

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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Earnings History for Stitch Fix (NASDAQ:SFIX)

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