Stitch Fix (NASDAQ:SFIX) Releases Earnings Results, Beats Estimates By $0.09 EPS

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

Stitch Fix Stock Up 0.4 %

Shares of SFIX stock traded up $0.02 on Tuesday, reaching $4.60. The company’s stock had a trading volume of 7,709,142 shares, compared to its average volume of 1,878,501. The company has a market capitalization of $583.45 million, a P/E ratio of -4.24 and a beta of 1.99. Stitch Fix has a 12-month low of $2.06 and a 12-month high of $5.05. The stock’s 50 day simple moving average is $3.53 and its 200-day simple moving average is $3.67.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 price objective on shares of Stitch Fix in a research note on Wednesday, December 4th. Canaccord Genuity Group increased their price target on Stitch Fix from $3.50 to $5.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Finally, UBS Group boosted their price objective on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.