Stitch Fix Inc (NASDAQ:SFIX) – Stock analysts at William Blair raised their FY2019 EPS estimates for Stitch Fix in a research report issued on Thursday, June 6th, Zacks Investment Research reports. William Blair analyst R. Schackart now forecasts that the company will post earnings per share of $0.33 for the year, up from their previous estimate of $0.23. William Blair also issued estimates for Stitch Fix’s Q4 2019 earnings at $0.05 EPS and FY2020 earnings at $0.33 EPS.
Stitch Fix (NASDAQ:SFIX) last released its earnings results on Wednesday, June 5th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.10. Stitch Fix had a net margin of 3.27% and a return on equity of 13.77%. The business had revenue of $409.00 million for the quarter, compared to analyst estimates of $395.06 million. During the same period last year, the company posted $0.09 EPS. The business’s revenue was up 29.1% on a year-over-year basis.
Stitch Fix stock traded down $0.73 during trading on Friday, hitting $31.26. The company had a trading volume of 2,299,174 shares, compared to its average volume of 2,236,503. The company has a 50 day simple moving average of $26.66. The stock has a market cap of $3.23 billion, a PE ratio of 80.15, a price-to-earnings-growth ratio of 4.40 and a beta of 3.25. Stitch Fix has a 1-year low of $16.05 and a 1-year high of $52.44.
Several institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its position in shares of Stitch Fix by 0.6% in the first quarter. California Public Employees Retirement System now owns 87,981 shares of the company’s stock worth $2,484,000 after acquiring an additional 537 shares in the last quarter. Weaver Consulting Group purchased a new position in shares of Stitch Fix in the first quarter worth approximately $28,000. AdvisorNet Financial Inc purchased a new position in Stitch Fix during the fourth quarter valued at approximately $29,000. Creative Planning grew its position in Stitch Fix by 18.3% during the first quarter. Creative Planning now owns 13,138 shares of the company’s stock valued at $371,000 after purchasing an additional 2,028 shares in the last quarter. Finally, Botty Investors LLC purchased a new position in Stitch Fix during the first quarter valued at approximately $61,000. 29.24% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Katrina Lake sold 100,000 shares of Stitch Fix stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $26.18, for a total value of $2,618,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott Darling sold 2,000 shares of Stitch Fix stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $27.08, for a total transaction of $54,160.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,047,661 shares of company stock worth $29,578,905. 56.97% of the stock is currently 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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