Analysts Set Expectations for Stitch Fix Q2 Earnings

Stitch Fix, Inc. (NASDAQ:SFIX) – Equities research analysts at Zacks Research issued their Q2 2028 earnings per share estimates for shares of Stitch Fix in a research report issued on Wednesday, October 14th. Zacks Research analyst Team anticipates that the company will post earnings per share of ($0.01) for the quarter. The consensus estimate for Stitch Fix’s current full-year earnings is ($0.14) per share. Zacks Research also issued estimates for Stitch Fix’s Q3 2028 earnings at ($0.01) EPS and FY2029 earnings at ($0.05) EPS.

Several other analysts have also issued reports on SFIX. Northland Securities set a $4.00 price target on shares of Stitch Fix in a research report on Thursday, September 24th. William Blair downgraded shares of Stitch Fix from an “outperform” rating to a “market perform” rating in a report on Thursday, September 24th. UBS Group cut their price objective on shares of Stitch Fix from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Thursday, September 24th. Mizuho raised shares of Stitch Fix from an “underperform” rating to a “neutral” rating and cut their price objective for the company from $3.00 to $2.50 in a research report on Tuesday, September 29th. Finally, Telsey Advisory Group reduced their target price on shares of Stitch Fix from $5.00 to $3.00 and set a “market perform” rating for the company in a research note on Thursday, September 24th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.40.

Stitch Fix Stock Down 2.4%

Shares of SFIX stock opened at $2.39 on Thursday. Stitch Fix has a 12 month low of $2.10 and a 12 month high of $5.74. The firm has a market cap of $319.31 million, a PE ratio of -23.90 and a beta of 2.34. The stock has a 50 day moving average of $3.02 and a 200-day moving average of $3.45.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. Stitch Fix had a negative return on equity of 5.75% and a negative net margin of 0.94%. The company had revenue of $324.42 million for the quarter, compared to the consensus estimate of $325.50 million. During the same period in the previous year, the business posted ($0.07) EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis.

Insider Activity at Stitch Fix

In other news, insider Anthony Bacos sold 70,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $4.09, for a total value of $286,300.00. Following the transaction, the insider directly owned 951,994 shares of the company’s stock, valued at $3,893,655.46. The trade was a 6.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 210,000 shares of company stock valued at $814,800. 16.09% of the stock is owned by insiders.

Hedge Funds Weigh In On Stitch Fix

A number of institutional investors and hedge funds have recently bought and sold shares of SFIX. Allworth Financial LP grew its holdings in shares of Stitch Fix by 44.4% during the second quarter. Allworth Financial LP now owns 12,793 shares of the company’s stock worth $53,000 after purchasing an additional 3,932 shares during the last quarter. Algert Global LLC increased its stake in shares of Stitch Fix by 8.6% in the second quarter. Algert Global LLC now owns 87,900 shares of the company’s stock valued at $361,000 after buying an additional 6,970 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Stitch Fix in the second quarter valued at $37,000. Caerus Investment Advisors LLC acquired a new stake in shares of Stitch Fix in the first quarter valued at $36,000. Finally, HB Wealth Management LLC bought a new position in shares of Stitch Fix in the second quarter valued at about $45,000. Institutional investors and hedge funds own 71.04% of the company’s stock.

Stitch Fix Company Profile

Stitch Fix, Inc is an online personal styling company that uses data science, customer preferences and human expertise to recommend apparel and accessories. Customers complete a style profile and can receive personalized selections, known as “Fixes,” featuring clothing, shoes and accessories chosen for their individual preferences, sizes and budgets.

The company also operates Stitch Fix Freestyle, which allows customers to shop directly from a personalized online assortment rather than receiving a curated shipment.