SunTrust Banks Comments on Stitch Fix Inc’s Q3 2020 Earnings (NASDAQ:SFIX)

Share on StockTwits

Stitch Fix Inc (NASDAQ:SFIX) – Investment analysts at SunTrust Banks increased their Q3 2020 earnings per share (EPS) estimates for Stitch Fix in a research note issued on Monday, February 10th. SunTrust Banks analyst Y. Squali now anticipates that the company will post earnings of ($0.06) per share for the quarter, up from their prior forecast of ($0.07). SunTrust Banks currently has a “Buy” rating and a $38.00 target price on the stock.

Several other research firms have also recently issued reports on SFIX. DA Davidson raised shares of Stitch Fix from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $27.00 to $29.00 in a research report on Thursday, January 30th. TheStreet raised shares of Stitch Fix from a “d” rating to a “c” rating in a research report on Monday, December 9th. BidaskClub cut shares of Stitch Fix from a “hold” rating to a “sell” rating in a research report on Tuesday. Robert W. Baird reissued a “buy” rating and issued a $33.00 price objective (up from $28.00) on shares of Stitch Fix in a research report on Tuesday, December 10th. Finally, Zacks Investment Research raised shares of Stitch Fix from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $29.43.

Stitch Fix stock opened at $26.63 on Thursday. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 102.43, a price-to-earnings-growth ratio of 21.62 and a beta of 3.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.00 and a quick ratio of 1.39. Stitch Fix has a 1 year low of $16.99 and a 1 year high of $37.72. The firm has a 50-day moving average of $24.24 and a two-hundred day moving average of $22.71.

Several large investors have recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Stitch Fix by 1.9% in the 4th quarter. Brighton Jones LLC now owns 24,365 shares of the company’s stock valued at $625,000 after purchasing an additional 454 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Stitch Fix by 1.0% during the 3rd quarter. Rhumbline Advisers now owns 52,552 shares of the company’s stock worth $1,012,000 after acquiring an additional 502 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Stitch Fix by 27.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 2,749 shares of the company’s stock worth $53,000 after acquiring an additional 590 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Stitch Fix by 12.1% during the 4th quarter. Advisor Group Inc. now owns 6,473 shares of the company’s stock worth $166,000 after acquiring an additional 700 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Stitch Fix by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 65,352 shares of the company’s stock worth $1,258,000 after acquiring an additional 781 shares in the last quarter. Institutional investors and hedge funds own 42.14% of the company’s stock.

In other news, CEO Katrina Lake sold 33,333 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $21.99, for a total value of $732,992.67. Following the completion of the sale, the chief executive officer now owns 61,746 shares in the company, valued at approximately $1,357,794.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Scott Darling sold 4,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $25.00, for a total transaction of $100,000.00. Following the completion of the sale, the insider now owns 63,157 shares of the company’s stock, valued at approximately $1,578,925. The disclosure for this sale can be found here. In the last 90 days, insiders sold 324,454 shares of company stock valued at $8,057,687. Company insiders own 47.52% of the company’s stock.

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, women, and kids 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.

Featured Article: How To Calculate Debt-to-Equity Ratio

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

Receive News & Ratings for Stitch Fix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stitch Fix and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Fiera Capital Corp Sells 7,525 Shares of Lincoln Electric Holdings, Inc.
Fiera Capital Corp Sells 7,525 Shares of Lincoln Electric Holdings, Inc.
Fiera Capital Corp Sells 7,599 Shares of Workday Inc
Fiera Capital Corp Sells 7,599 Shares of Workday Inc
J B Hunt Transport Services Inc  Expected to Announce Quarterly Sales of $2.23 Billion
J B Hunt Transport Services Inc Expected to Announce Quarterly Sales of $2.23 Billion
Teck Resources Ltd  Shares Sold by Fiera Capital Corp
Teck Resources Ltd Shares Sold by Fiera Capital Corp
Analysts Anticipate Schlumberger Limited.  Will Announce Quarterly Sales of $7.77 Billion
Analysts Anticipate Schlumberger Limited. Will Announce Quarterly Sales of $7.77 Billion
Fiera Capital Corp Has $1.12 Million Position in Home Depot Inc
Fiera Capital Corp Has $1.12 Million Position in Home Depot Inc


 
© 2006-2020 Zolmax.