Analysts predict that Stitch Fix Inc (NASDAQ:SFIX) will post sales of $291.54 million for the current quarter, according to Zacks. Three analysts have issued estimates for Stitch Fix’s earnings. The highest sales estimate is $292.90 million and the lowest is $290.39 million. The firm is expected to report its next earnings report after the market closes on Monday, March 12th.
On average, analysts expect that Stitch Fix will report full-year sales of $291.54 million for the current fiscal year, with estimates ranging from $1.19 billion to $1.21 billion. For the next year, analysts anticipate that the company will post sales of $1.44 billion per share, with estimates ranging from $1.42 billion to $1.47 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Stitch Fix.
Stitch Fix (NASDAQ:SFIX) last posted its earnings results on Tuesday, December 19th. The company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The company had revenue of $295.60 million during the quarter, compared to analyst estimates of $294.97 million. The business’s quarterly revenue was up 25.3% on a year-over-year basis.
Several equities research analysts recently weighed in on the company. Piper Jaffray Companies set a $29.00 target price on Stitch Fix and gave the stock a “buy” rating in a report on Monday, January 22nd. Stifel Nicolaus boosted their target price on Stitch Fix from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Wednesday, December 20th. Barclays assumed coverage on Stitch Fix in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $26.00 target price for the company. Royal Bank of Canada assumed coverage on Stitch Fix in a report on Tuesday, December 12th. They issued an “outperform” rating and a $29.00 target price for the company. Finally, JPMorgan Chase & Co. assumed coverage on Stitch Fix in a report on Tuesday, December 12th. They issued a “neutral” rating and a $25.00 target price for the company. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $25.83.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Stitch Fix during the fourth quarter worth approximately $25,974,000. Honeycomb Asset Management LP acquired a new position in shares of Stitch Fix during the fourth quarter worth approximately $3,874,000. Two Sigma Investments LP acquired a new position in shares of Stitch Fix during the fourth quarter worth approximately $2,342,000. First Trust Advisors LP acquired a new position in shares of Stitch Fix during the fourth quarter worth approximately $2,087,000. Finally, Brandywine Global Investment Management LLC acquired a new position in shares of Stitch Fix during the fourth quarter worth approximately $1,960,000. Hedge funds and other institutional investors own 3.38% of the company’s stock.
Stitch Fix (NASDAQ SFIX) traded up $0.25 on Tuesday, reaching $19.49. The company had a trading volume of 160,910 shares, compared to its average volume of 402,533. Stitch Fix has a 12-month low of $14.48 and a 12-month high of $30.07.
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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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