William Blair Decreases Earnings Estimates for Stitch Fix

Stitch Fix, Inc. (NASDAQ:SFIX) – William Blair cut their FY2026 EPS estimates for Stitch Fix in a research note issued to investors on Wednesday, January 8th. William Blair analyst D. Carden now expects that the company will post earnings of ($0.48) per share for the year, down from their previous forecast of ($0.41). The consensus estimate for Stitch Fix’s current full-year earnings is ($0.46) per share.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.09. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The firm had revenue of $318.82 million for the quarter, compared to analyst estimates of $306.88 million. During the same quarter in the prior year, the business earned ($0.30) earnings per share. Stitch Fix’s quarterly revenue was down 12.6% on a year-over-year basis.

A number of other research analysts have also issued reports on the stock. Telsey Advisory Group boosted their target price on shares of Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. Canaccord Genuity Group lifted their target price on Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Finally, UBS Group increased their price target on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Stitch Fix currently has an average rating of “Hold” and a consensus target price of $3.96.

Stitch Fix Stock Performance

SFIX stock opened at $4.93 on Friday. The stock’s fifty day moving average is $4.22 and its two-hundred day moving average is $3.84. The stock has a market capitalization of $625.31 million, a price-to-earnings ratio of -5.94 and a beta of 1.99. Stitch Fix has a 1 year low of $2.06 and a 1 year high of $6.99.

Insiders Place Their Bets

In other Stitch Fix news, Director Katrina Lake sold 725,002 shares of Stitch Fix stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $5.78, for a total transaction of $4,190,511.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony Bacos sold 16,720 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $4.61, for a total transaction of $77,079.20. Following the transaction, the insider now owns 913,962 shares in the company, valued at approximately $4,213,364.82. This represents a 1.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SFIX. Disciplined Growth Investors Inc. MN raised its holdings in shares of Stitch Fix by 48.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock valued at $38,731,000 after purchasing an additional 4,460,668 shares in the last quarter. Hodges Capital Management Inc. raised its stake in shares of Stitch Fix by 34.4% in the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock valued at $9,518,000 after acquiring an additional 864,100 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Stitch Fix by 2,253.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 146,750 shares of the company’s stock worth $414,000 after purchasing an additional 140,515 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Stitch Fix by 32.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 499,142 shares of the company’s stock worth $1,408,000 after purchasing an additional 121,084 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Stitch Fix by 11.7% during the second quarter. Renaissance Technologies LLC now owns 4,432,600 shares of the company’s stock valued at $18,395,000 after purchasing an additional 465,900 shares during the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

About Stitch Fix

Stitch Fix, Inc sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc.