Analysts Expect Stitch Fix Inc (NASDAQ:SFIX) Will Announce Earnings of -$0.17 Per Share

Wall Street brokerages expect that Stitch Fix Inc (NASDAQ:SFIX) will post ($0.17) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Stitch Fix’s earnings. The lowest EPS estimate is ($0.24) and the highest is ($0.06). Stitch Fix reported earnings of $0.07 per share in the same quarter last year, which would suggest a negative year over year growth rate of 342.9%. The firm is expected to report its next earnings report on Tuesday, October 6th.

On average, analysts expect that Stitch Fix will report full-year earnings of ($0.39) per share for the current year, with EPS estimates ranging from ($0.47) to ($0.27). For the next financial year, analysts forecast that the business will post earnings of ($0.14) per share, with EPS estimates ranging from ($0.45) to $0.04. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Stitch Fix.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Monday, June 8th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.18). Stitch Fix had a negative net margin of 0.91% and a negative return on equity of 3.71%. The business had revenue of $371.70 million for the quarter, compared to the consensus estimate of $414.54 million. During the same period in the prior year, the company earned $0.07 EPS. Stitch Fix’s quarterly revenue was down 9.1% on a year-over-year basis.

SFIX has been the subject of a number of analyst reports. Needham & Company LLC began coverage on shares of Stitch Fix in a research note on Tuesday, June 9th. They set a “hold” rating for the company. ValuEngine raised shares of Stitch Fix from a “hold” rating to a “buy” rating in a research note on Tuesday, June 9th. Goldman Sachs Group reduced their price target on shares of Stitch Fix from $32.00 to $20.00 in a research note on Tuesday, March 10th. JPMorgan Chase & Co. began coverage on shares of Stitch Fix in a research note on Tuesday, March 10th. They issued a “hold” rating and a $17.00 price target for the company. Finally, BMO Capital Markets reduced their price target on shares of Stitch Fix from $24.00 to $15.00 in a research note on Tuesday, March 10th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.68.

In other Stitch Fix news, CEO Katrina Lake sold 256,491 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $22.01, for a total value of $5,645,366.91. Following the completion of the sale, the chief executive officer now directly owns 46,310 shares of the company’s stock, valued at $1,019,283.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Darling sold 5,537 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $25.00, for a total transaction of $138,425.00. Following the completion of the sale, the insider now directly owns 95,649 shares of the company’s stock, valued at $2,391,225. The disclosure for this sale can be found here. In the last quarter, insiders sold 431,507 shares of company stock worth $9,843,248. Company insiders own 47.52% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP increased its holdings in Stitch Fix by 25.4% during the first quarter. First Trust Advisors LP now owns 104,279 shares of the company’s stock worth $2,944,000 after buying an additional 21,153 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Stitch Fix by 65.8% in the fourth quarter. Victory Capital Management Inc. now owns 6,726 shares of the company’s stock valued at $154,000 after acquiring an additional 2,670 shares during the last quarter. Rhumbline Advisers boosted its holdings in Stitch Fix by 10.6% in the fourth quarter. Rhumbline Advisers now owns 58,114 shares of the company’s stock valued at $1,491,000 after acquiring an additional 5,562 shares during the last quarter. Swiss National Bank boosted its holdings in Stitch Fix by 15.1% in the fourth quarter. Swiss National Bank now owns 90,500 shares of the company’s stock valued at $2,322,000 after acquiring an additional 11,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Stitch Fix by 6.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 211,582 shares of the company’s stock valued at $5,430,000 after acquiring an additional 12,862 shares during the last quarter. 43.45% of the stock is owned by institutional investors and hedge funds.

Stitch Fix stock traded up $1.96 during midday trading on Friday, reaching $28.56. 188,571 shares of the stock traded hands, compared to its average volume of 2,992,550. The company has a current ratio of 2.25, a quick ratio of 1.44 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average price of $23.28 and a two-hundred day moving average price of $21.39. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of -189.65 and a beta of 2.97. Stitch Fix has a fifty-two week low of $10.90 and a fifty-two week high of $31.65.

About Stitch Fix

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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