Stitch Fix (SFIX) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Stitch Fix (NASDAQ:SFIX) issued its earnings results on Monday. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01, Briefing.com reports. The firm had revenue of $296.00 million during the quarter, compared to analysts’ expectations of $291.29 million. The firm’s revenue for the quarter was up 24.4% compared to the same quarter last year.
Stitch Fix (NASDAQ:SFIX) opened at $23.25 on Wednesday. Stitch Fix has a 1 year low of $14.48 and a 1 year high of $30.07.
Several research analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Stitch Fix from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Tuesday. Barclays assumed coverage on shares of Stitch Fix in a research note on Tuesday, December 12th. They issued an “equal weight” rating and a $26.00 target price on the stock. William Blair assumed coverage on shares of Stitch Fix in a research note on Tuesday, December 12th. They issued an “outperform” rating on the stock. Piper Jaffray Companies set a $29.00 target price on shares of Stitch Fix and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Finally, JPMorgan Chase & Co. began coverage on shares of Stitch Fix in a research report on Tuesday, December 12th. They set a “neutral” rating and a $25.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $26.17.
Stitch Fix, Inc is an online personalized styling service company. The Company offers apparel, shoes and accessories across categories, brands, product types and price points. The Company serves its clients in the following categories: Women’s, Petite, Maternity, Men’s and Plus. The Company also offers a wide variety of product types, including denim, dresses, blouses, skirts, shoes, jewelry and handbags.
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