Stitch Fix, Inc. (NASDAQ:SFIX – Free Report) – William Blair cut their FY2026 earnings per share estimates for shares of Stitch Fix in a report issued on Wednesday, January 8th. William Blair analyst D. Carden now forecasts that the company will post earnings of ($0.48) per share for the year, down from their previous forecast of ($0.41). The consensus estimate for Stitch Fix’s current full-year earnings is ($0.46) per share.
Stitch Fix (NASDAQ:SFIX – Get Free Report) last issued its quarterly earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.09. The firm had revenue of $318.82 million during the quarter, compared to the consensus estimate of $306.88 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. During the same period last year, the company earned ($0.30) earnings per share. The company’s revenue for the quarter was down 12.6% on a year-over-year basis.
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Stitch Fix Stock Up 2.7 %
NASDAQ SFIX opened at $4.93 on Friday. Stitch Fix has a 52-week low of $2.06 and a 52-week high of $6.99. The firm has a 50-day moving average price of $4.22 and a 200 day moving average price of $3.84. The stock has a market capitalization of $625.31 million, a P/E ratio of -5.94 and a beta of 1.99.
Hedge Funds Weigh In On Stitch Fix
Institutional investors have recently added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN boosted its holdings in Stitch Fix by 48.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock valued at $38,731,000 after purchasing an additional 4,460,668 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Stitch Fix during the 3rd quarter worth $2,862,000. Hodges Capital Management Inc. increased its position in shares of Stitch Fix by 34.4% in the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock worth $9,518,000 after purchasing an additional 864,100 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Stitch Fix by 11.7% in the 2nd quarter. Renaissance Technologies LLC now owns 4,432,600 shares of the company’s stock valued at $18,395,000 after purchasing an additional 465,900 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Stitch Fix by 2,253.6% during the third quarter. Public Employees Retirement System of Ohio now owns 146,750 shares of the company’s stock worth $414,000 after purchasing an additional 140,515 shares during the last quarter. Institutional investors and hedge funds own 71.04% of the company’s stock.
Insiders Place Their Bets
In other Stitch Fix news, insider Anthony Bacos sold 16,720 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $4.61, for a total value of $77,079.20. Following the completion of the sale, the insider now owns 913,962 shares of the company’s stock, valued at $4,213,364.82. This trade represents a 1.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Katrina Lake sold 725,002 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total transaction of $4,190,511.56. The disclosure for this sale can be found here. 16.95% of the stock is owned by insiders.
Stitch Fix Company Profile
Stitch Fix, Inc sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc.
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