Q2 Earnings Estimate for Stitch Fix Issued By Zacks Research

Stitch Fix, Inc. (NASDAQ:SFIX) – Equities research analysts at Zacks Research issued their Q2 2028 EPS estimates for Stitch Fix in a note issued to investors on Wednesday, October 14th. Zacks Research analyst Team anticipates that the company will post earnings per share of ($0.01) for the quarter. The consensus estimate for Stitch Fix’s current full-year earnings is ($0.14) per share. Zacks Research also issued estimates for Stitch Fix’s Q3 2028 earnings at ($0.01) EPS and FY2029 earnings at ($0.05) EPS.

Several other equities analysts have also recently commented on the stock. Northland Securities set a $4.00 price target on shares of Stitch Fix in a report on Thursday, September 24th. UBS Group dropped their price target on shares of Stitch Fix from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, September 24th. William Blair lowered Stitch Fix from an “outperform” rating to a “market perform” rating in a report on Thursday, September 24th. Mizuho raised Stitch Fix from an “underperform” rating to a “neutral” rating and reduced their price objective for the company from $3.00 to $2.50 in a research report on Tuesday, September 29th. Finally, Telsey Advisory Group reduced their price objective on Stitch Fix from $5.00 to $3.00 and set a “market perform” rating for the company in a research report on Thursday, September 24th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Stitch Fix currently has a consensus rating of “Hold” and a consensus target price of $3.40.

Stitch Fix Stock Down 2.4%

SFIX stock opened at $2.39 on Thursday. The company has a 50 day moving average of $3.02 and a two-hundred day moving average of $3.45. The company has a market cap of $319.31 million, a price-to-earnings ratio of -23.90 and a beta of 2.34. Stitch Fix has a 12-month low of $2.10 and a 12-month high of $5.74.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $324.42 million for the quarter, compared to the consensus estimate of $325.50 million. Stitch Fix had a negative net margin of 0.94% and a negative return on equity of 5.75%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in Stitch Fix in the 2nd quarter valued at $37,000. Caerus Investment Advisors LLC bought a new position in Stitch Fix in the 1st quarter worth $36,000. HB Wealth Management LLC bought a new position in Stitch Fix in the 2nd quarter worth $45,000. First Dallas Securities Inc. bought a new position in Stitch Fix in the 1st quarter worth $38,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Stitch Fix in the 2nd quarter worth $48,000. 71.04% of the stock is owned by institutional investors.

Insider Buying and Selling at Stitch Fix

In other news, insider Anthony Bacos sold 70,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $4.09, for a total transaction of $286,300.00. Following the completion of the sale, the insider owned 951,994 shares in the company, valued at approximately $3,893,655.46. This represents a 6.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 210,000 shares of company stock valued at $814,800 over the last ninety days. 16.09% of the stock is owned by insiders.

Stitch Fix Company Profile

Stitch Fix, Inc is an online personal styling company that uses data science, customer preferences and human expertise to recommend apparel and accessories. Customers complete a style profile and can receive personalized selections, known as “Fixes,” featuring clothing, shoes and accessories chosen for their individual preferences, sizes and budgets.

The company also operates Stitch Fix Freestyle, which allows customers to shop directly from a personalized online assortment rather than receiving a curated shipment.