FY2024 EPS Estimates for Stitch Fix, Inc. (NASDAQ:SFIX) Lifted by Analyst

Stitch Fix, Inc. (NASDAQ:SFIXFree Report) – Equities researchers at Telsey Advisory Group raised their FY2024 earnings per share estimates for Stitch Fix in a note issued to investors on Wednesday, June 5th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will earn ($0.71) per share for the year, up from their previous forecast of ($0.84). Telsey Advisory Group currently has a “Market Perform” rating and a $4.00 target price on the stock. The consensus estimate for Stitch Fix’s current full-year earnings is ($0.81) per share. Telsey Advisory Group also issued estimates for Stitch Fix’s Q4 2024 earnings at ($0.17) EPS and FY2025 earnings at ($0.68) EPS.

Stitch Fix (NASDAQ:SFIXGet Free Report) last released its quarterly earnings results on Monday, March 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.21). The company had revenue of $330.40 million for the quarter, compared to analysts’ expectations of $331.73 million. Stitch Fix had a negative net margin of 8.68% and a negative return on equity of 40.43%.

Several other brokerages also recently weighed in on SFIX. Mizuho initiated coverage on Stitch Fix in a report on Tuesday, March 19th. They issued an “underperform” rating and a $2.00 price target for the company. Canaccord Genuity Group dropped their target price on Stitch Fix from $4.00 to $3.50 and set a “hold” rating for the company in a research note on Tuesday, March 5th. Wedbush reissued a “neutral” rating and issued a $3.00 price target on shares of Stitch Fix in a research note on Wednesday. UBS Group initiated coverage on shares of Stitch Fix in a research note on Monday, April 8th. They set a “neutral” rating and a $2.80 price objective for the company. Finally, Wells Fargo & Company decreased their target price on shares of Stitch Fix from $3.50 to $3.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.20.

View Our Latest Stock Report on Stitch Fix

Stitch Fix Stock Performance

Shares of SFIX opened at $3.80 on Friday. Stitch Fix has a 1 year low of $2.06 and a 1 year high of $5.20. The company’s 50 day simple moving average is $2.37 and its 200 day simple moving average is $3.00. The company has a market capitalization of $456.65 million, a price-to-earnings ratio of -3.73 and a beta of 1.98.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in shares of Stitch Fix during the fourth quarter valued at about $27,000. Tower Research Capital LLC TRC grew its stake in Stitch Fix by 232.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,898 shares of the company’s stock worth $39,000 after purchasing an additional 7,617 shares in the last quarter. Lodestar Private Asset Management LLC acquired a new position in shares of Stitch Fix in the 1st quarter worth approximately $29,000. Principal Financial Group Inc. bought a new stake in shares of Stitch Fix in the 3rd quarter valued at approximately $38,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Stitch Fix during the 4th quarter valued at approximately $42,000. 71.04% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Stitch Fix

In other news, CAO Sarah Barkema sold 16,311 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $2.24, for a total value of $36,536.64. Following the completion of the sale, the chief accounting officer now owns 138,535 shares in the company, valued at $310,318.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 25.90% of the company’s stock.

Stitch Fix Company Profile

(Get Free Report)

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.

See Also

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.