News articles about Stitch Fix (NASDAQ:SFIX) have trended positive on Monday, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Stitch Fix earned a news sentiment score of 2.67 on their scale. InfoTrie also assigned headlines about the company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have effected Stitch Fix’s ranking:
- Stitch Fix (NASDAQ:SFIX) Coverage Initiated by Analysts at Needham & Company LLC (americanbankingnews.com)
- Short Interest in Stitch Fix Inc (NASDAQ:SFIX) Expands By 5.1% (americanbankingnews.com)
- Stitch Fix Inc (NASDAQ:SFIX) Expected to Announce Quarterly Sales of $432.10 Million (americanbankingnews.com)
- PLCE or SFIX: Which Is the Better Value Stock Right Now? (finance.yahoo.com)
- $0.04 EPS Expected for Stitch Fix Inc (NASDAQ:SFIX) This Quarter (americanbankingnews.com)
SFIX has been the subject of a number of research reports. TheStreet downgraded Stitch Fix from a “c-” rating to a “d+” rating in a report on Monday, May 6th. Zacks Investment Research downgraded Stitch Fix from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Barclays lifted their target price on Stitch Fix to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 13th. SunTrust Banks lifted their target price on Stitch Fix to $43.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, Needham & Company LLC initiated coverage on Stitch Fix in a research report on Monday. They issued a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $36.11.
Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.10. The company had revenue of $409.00 million for the quarter, compared to analyst estimates of $395.06 million. Stitch Fix had a return on equity of 13.77% and a net margin of 3.27%. The firm’s quarterly revenue was up 29.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 earnings per share. Sell-side analysts expect that Stitch Fix will post 0.32 earnings per share for the current year.
In related news, major shareholder Matt Cohler sold 148,820 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $31.28, for a total transaction of $4,655,089.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Steven M. Spurlock sold 130,980 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $28.38, for a total value of $3,717,212.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,047,661 shares of company stock worth $29,578,905. 56.97% of the stock is owned by insiders.
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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