Stitch Fix, Inc. to Post FY2021 Earnings of ($0.40) Per Share, Truist Securiti Forecasts (NASDAQ:SFIX)

Stitch Fix, Inc. (NASDAQ:SFIX) – Investment analysts at Truist Securiti lifted their FY2021 earnings estimates for shares of Stitch Fix in a research report issued on Monday, June 7th. Truist Securiti analyst Y. Squali now forecasts that the company will post earnings per share of ($0.40) for the year, up from their previous forecast of ($0.63). Truist Securiti also issued estimates for Stitch Fix’s Q4 2021 earnings at ($0.11) EPS, FY2022 earnings at ($0.17) EPS, FY2023 earnings at $0.58 EPS, FY2024 earnings at $1.55 EPS and FY2025 earnings at $2.76 EPS.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings data on Sunday, June 6th. The company reported ($0.18) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.09. Stitch Fix had a negative net margin of 4.97% and a negative return on equity of 21.32%.

Several other research analysts also recently weighed in on SFIX. TheStreet downgraded Stitch Fix from a “c” rating to a “d+” rating in a research note on Monday, March 8th. Piper Sandler increased their price objective on shares of Stitch Fix from $47.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday. KeyCorp dropped their target price on Stitch Fix to $75.00 and set an “overweight” rating for the company in a report on Tuesday, March 9th. Robert W. Baird upped their price target on shares of Stitch Fix from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, BMO Capital Markets upped their price objective on Stitch Fix from $35.00 to $40.00 in a research report on Tuesday, March 9th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $88.30.

Shares of NASDAQ SFIX opened at $63.03 on Thursday. The stock has a market capitalization of $6.70 billion, a PE ratio of -71.63 and a beta of 2.04. Stitch Fix has a 1 year low of $21.60 and a 1 year high of $113.76. The stock has a fifty day moving average price of $48.31.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. raised its stake in Stitch Fix by 58.1% during the 1st quarter. Alliancebernstein L.P. now owns 137,380 shares of the company’s stock valued at $6,806,000 after purchasing an additional 50,510 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Stitch Fix in the first quarter worth $1,109,000. Scout Investments Inc. acquired a new position in Stitch Fix during the 1st quarter worth $13,393,000. New York State Common Retirement Fund grew its holdings in Stitch Fix by 5.8% in the 4th quarter. New York State Common Retirement Fund now owns 54,500 shares of the company’s stock valued at $3,200,000 after buying an additional 3,000 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Stitch Fix by 7.6% in the first quarter. Swiss National Bank now owns 131,800 shares of the company’s stock worth $6,529,000 after acquiring an additional 9,300 shares during the last quarter. Institutional investors and hedge funds own 54.58% of the company’s stock.

In other Stitch Fix news, CEO Katrina Lake sold 136,366 shares of Stitch Fix stock in a transaction on Friday, March 19th. The stock was sold at an average price of $53.19, for a total transaction of $7,253,307.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mike C. Smith sold 40,000 shares of the stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $45.81, for a total transaction of $1,832,400.00. Following the completion of the transaction, the director now owns 87,356 shares of the company’s stock, valued at approximately $4,001,778.36. The disclosure for this sale can be found here. Insiders have sold 434,093 shares of company stock worth $21,090,607 over the last three months. 45.10% of the stock is owned by corporate insiders.

Stitch Fix Company Profile

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

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Earnings History and Estimates for Stitch Fix (NASDAQ:SFIX)

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