Stitch Fix (SFIX) Announces Quarterly Earnings Results

Stitch Fix (NASDAQ:SFIX) released its earnings results on Thursday. The company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.06, Bloomberg Earnings reports. The firm had revenue of $316.70 million during the quarter, compared to analysts’ expectations of $306.67 million. The firm’s revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.38) earnings per share.

Shares of Stitch Fix opened at $24.88 on Friday, according to MarketBeat.com. Stitch Fix has a fifty-two week low of $14.48 and a fifty-two week high of $30.07.

In other Stitch Fix news, Director Marka Hansen sold 14,700 shares of Stitch Fix stock in a transaction on Friday, March 16th. The shares were sold at an average price of $21.41, for a total value of $314,727.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Katrina Lake sold 200,000 shares of Stitch Fix stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $19.96, for a total transaction of $3,992,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 865,067 shares of company stock worth $17,867,759.

Several research firms have commented on SFIX. Stifel Nicolaus lifted their target price on shares of Stitch Fix from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday. Buckingham Research began coverage on shares of Stitch Fix in a research note on Monday, March 19th. They issued a “neutral” rating and a $22.00 target price for the company. Finally, ValuEngine raised shares of Stitch Fix from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $25.71.

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 and women 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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