Stitch Fix (NASDAQ:SFIX) Announces Quarterly Earnings Results

Stitch Fix (NASDAQ:SFIX) announced its quarterly earnings results on Tuesday. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09, Zacks reports. Stitch Fix had a negative return on equity of 40.62% and a negative net margin of 9.63%. The firm had revenue of $318.82 million during the quarter, compared to the consensus estimate of $306.88 million. During the same period in the prior year, the firm earned ($0.30) EPS. The firm’s quarterly revenue was down 12.6% compared to the same quarter last year.

Stitch Fix Price Performance

NASDAQ:SFIX traded up $0.02 during midday trading on Tuesday, reaching $4.60. 7,994,630 shares of the company traded hands, compared to its average volume of 1,892,090. The firm has a market capitalization of $583.45 million, a price-to-earnings ratio of -4.24 and a beta of 1.99. The company has a fifty day moving average price of $3.53 and a 200 day moving average price of $3.67. Stitch Fix has a twelve month low of $2.06 and a twelve month high of $5.05.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SFIX shares. Canaccord Genuity Group boosted their target price on shares of Stitch Fix from $3.50 to $5.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. UBS Group raised their target price on Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 price target on shares of Stitch Fix in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.57.

Stitch Fix Company Profile

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.