Stitch Fix’s (NASDAQ:SFIX) quiet period will expire on Wednesday, December 27th. Stitch Fix had issued 8,000,000 shares in its public offering on November 17th. The total size of the offering was $120,000,000 based on an initial share price of $15.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Several research analysts have recently commented on SFIX shares. Piper Jaffray Companies set a $29.00 target price on Stitch Fix and gave the company a “buy” rating in a research report on Wednesday, December 20th. Barclays started coverage on Stitch Fix in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $26.00 target price on the stock. Stifel Nicolaus upped their target price on Stitch Fix from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Wednesday, December 20th. JPMorgan Chase & Co. started coverage on Stitch Fix in a research report on Tuesday, December 12th. They set a “neutral” rating and a $25.00 target price on the stock. Finally, Goldman Sachs Group started coverage on Stitch Fix in a report on Tuesday, December 12th. They issued a “neutral” rating and a $23.00 price objective on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Stitch Fix presently has an average rating of “Hold” and an average price target of $25.83.
Shares of Stitch Fix (NASDAQ:SFIX) traded down $0.24 on Thursday, hitting $25.15. The stock had a trading volume of 470,117 shares, compared to its average volume of 564,715. Stitch Fix has a 1 year low of $14.48 and a 1 year high of $30.07.
Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Tuesday, December 19th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $295.60 million for the quarter, compared to analysts’ expectations of $294.97 million. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. research analysts expect that Stitch Fix will post 0.23 EPS for the current fiscal year.
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Stitch Fix Company Profile
Stitch Fix, Inc is an online personalized styling service company. The Company offers apparel, shoes and accessories across categories, brands, product types and price points. The Company serves its clients in the following categories: Women’s, Petite, Maternity, Men’s and Plus. The Company also offers a wide variety of product types, including denim, dresses, blouses, skirts, shoes, jewelry and handbags.
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