Brokerages predict that Stitch Fix Inc (NASDAQ:SFIX) will announce earnings of $0.03 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Stitch Fix’s earnings. The lowest EPS estimate is $0.02 and the highest is $0.04. The business is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Stitch Fix will report full-year earnings of $0.13 per share for the current year, with EPS estimates ranging from $0.11 to $0.16. For the next fiscal year, analysts anticipate that the business will report earnings of $0.20 per share, with EPS estimates ranging from $0.16 to $0.32. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Stitch Fix.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings results on Monday, October 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.14. The business had revenue of $318.30 million during the quarter, compared to analyst estimates of $318.93 million. Stitch Fix had a net margin of 3.66% and a return on equity of 19.95%. Stitch Fix’s revenue for the quarter was up 23.2% compared to the same quarter last year.

Several brokerages recently weighed in on SFIX. SunTrust Banks began coverage on shares of Stitch Fix in a research report on Friday, August 10th. They set a “buy” rating and a $38.00 price objective on the stock. Zacks Investment Research lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. KeyCorp cut their price objective on shares of Stitch Fix from $53.00 to $45.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 2nd. Piper Jaffray Companies lowered shares of Stitch Fix from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $29.00 to $43.00 in a research report on Thursday, September 20th. Finally, Wells Fargo & Co began coverage on shares of Stitch Fix in a research report on Thursday, August 2nd. They set a “market perform” rating and a $30.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $33.18.

In other news, CFO Paul Yee sold 5,000 shares of Stitch Fix stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $29.48, for a total value of $147,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Katrina Lake sold 50,000 shares of Stitch Fix stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $32.82, for a total transaction of $1,641,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 491,507 shares of company stock worth $14,531,514.

Several large investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its position in shares of Stitch Fix by 18.5% in the second quarter. Baillie Gifford & Co. now owns 2,290,113 shares of the company’s stock valued at $62,841,000 after purchasing an additional 357,686 shares during the period. Light Street Capital Management LLC raised its position in shares of Stitch Fix by 18.6% in the second quarter. Light Street Capital Management LLC now owns 2,010,516 shares of the company’s stock valued at $55,169,000 after purchasing an additional 315,101 shares during the period. Penserra Capital Management LLC raised its position in shares of Stitch Fix by 20.2% in the third quarter. Penserra Capital Management LLC now owns 721,068 shares of the company’s stock valued at $31,561,000 after purchasing an additional 121,284 shares during the period. Pier Capital LLC raised its position in shares of Stitch Fix by 52.8% in the second quarter. Pier Capital LLC now owns 307,150 shares of the company’s stock valued at $8,428,000 after purchasing an additional 106,101 shares during the period. Finally, Scopus Asset Management L.P. bought a new position in shares of Stitch Fix in the second quarter valued at approximately $6,860,000. 21.45% of the stock is currently owned by institutional investors.

SFIX traded down $0.75 during midday trading on Friday, hitting $26.26. 1,431,790 shares of the company’s stock traded hands, compared to its average volume of 1,932,166. The firm has a market cap of $2.79 billion and a PE ratio of 67.33. Stitch Fix has a one year low of $14.48 and a one year high of $52.44.

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 and Estimates for Stitch Fix (NASDAQ:SFIX)

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