Equities research analysts forecast that Stitch Fix (NASDAQ:SFIX) will announce sales of $306.45 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Stitch Fix’s earnings, with the highest sales estimate coming in at $307.90 million and the lowest estimate coming in at $305.20 million. The company is expected to announce its next earnings report on Monday, January 1st.
On average, analysts expect that Stitch Fix will report full-year sales of $1.21 billion for the current fiscal year, with estimates ranging from $1.21 billion to $1.22 billion. For the next year, analysts expect that the business will report sales of $1.46 billion per share, with estimates ranging from $1.44 billion to $1.48 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Stitch Fix.
Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Monday, March 12th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The company had revenue of $296.00 million during the quarter, compared to analyst estimates of $291.29 million. The firm’s revenue was up 24.4% on a year-over-year basis.
A number of research firms have recently commented on SFIX. Piper Jaffray set a $29.00 price target on Stitch Fix and gave the stock a “buy” rating in a report on Wednesday, December 20th. Stifel Nicolaus boosted their price target on Stitch Fix from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Wednesday, December 20th. Buckingham Research began coverage on Stitch Fix in a report on Monday, March 19th. They set a “neutral” rating and a $22.00 price target for the company. Finally, ValuEngine raised Stitch Fix from a “sell” rating to a “hold” rating in a report on Wednesday, April 4th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Stitch Fix presently has a consensus rating of “Hold” and an average price target of $25.57.
NASDAQ SFIX traded down $0.22 during midday trading on Thursday, hitting $21.53. The company had a trading volume of 456,222 shares, compared to its average volume of 540,985. Stitch Fix has a twelve month low of $14.48 and a twelve month high of $30.07.
In other news, CEO Katrina Lake sold 200,000 shares of the business’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $19.96, for a total transaction of $3,992,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marka Hansen sold 14,700 shares of the business’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $21.04, for a total value of $309,288.00. The disclosure for this sale can be found here. Insiders have sold a total of 323,750 shares of company stock valued at $6,608,224 in the last three months.
A number of hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in Stitch Fix during the 4th quarter worth $894,000. Two Sigma Investments LP bought a new stake in Stitch Fix during the 4th quarter worth $2,342,000. Honeycomb Asset Management LP bought a new stake in Stitch Fix during the 4th quarter worth $3,874,000. Goldman Sachs Group Inc. bought a new stake in Stitch Fix during the 4th quarter worth $1,899,000. Finally, potrero capital research llc bought a new stake in Stitch Fix during the 4th quarter worth $1,808,000. Institutional investors and hedge funds own 9.07% of the company’s stock.
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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 and women 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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