Stitch Fix (NASDAQ:SFIX) issued its quarterly earnings data on Monday. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01, Briefing.com reports. The company had revenue of $296.00 million during the quarter, compared to analyst estimates of $291.29 million. Stitch Fix’s revenue was up 24.4% on a year-over-year basis.
Shares of Stitch Fix (NASDAQ SFIX) traded up $1.55 during mid-day trading on Monday, hitting $24.12. The stock had a trading volume of 1,420,353 shares, compared to its average volume of 448,270. Stitch Fix has a fifty-two week low of $14.48 and a fifty-two week high of $30.07.
Several equities analysts have recently issued reports on SFIX shares. Piper Jaffray Companies set a $29.00 price objective on Stitch Fix and gave the company a “buy” rating in a report on Monday, January 22nd. Goldman Sachs Group started coverage on Stitch Fix in a report on Tuesday, December 12th. They issued a “neutral” rating and a $23.00 price objective for the company. Royal Bank of Canada started coverage on Stitch Fix in a report on Tuesday, December 12th. They issued an “outperform” rating and a $29.00 price objective for the company. JPMorgan Chase & Co. started coverage on Stitch Fix in a report on Tuesday, December 12th. They issued a “neutral” rating and a $25.00 price objective for the company. Finally, Stifel Nicolaus boosted their price objective on Stitch Fix from $22.00 to $23.00 and gave the company a “hold” rating in a report on Wednesday, December 20th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Stitch Fix currently has a consensus rating of “Hold” and an average price target of $25.83.
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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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