Zacks: Analysts Anticipate Stitch Fix Inc (SFIX) to Post $0.03 Earnings Per Share

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Brokerages expect Stitch Fix Inc (NASDAQ:SFIX) to post earnings per share of $0.03 for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Stitch Fix’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.02. The company is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Stitch Fix will report full-year earnings of $0.13 per share for the current fiscal year, with EPS estimates ranging from $0.11 to $0.16. For the next year, analysts anticipate that the firm will post earnings of $0.20 per share, with EPS estimates ranging from $0.16 to $0.32. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Stitch Fix.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Monday, October 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.14. Stitch Fix had a net margin of 3.66% and a return on equity of 19.95%. The firm had revenue of $318.30 million during the quarter, compared to analysts’ expectations of $318.93 million. The business’s revenue for the quarter was up 23.2% on a year-over-year basis.

Several brokerages recently issued reports on SFIX. Stifel Nicolaus raised their target price on shares of Stitch Fix from $26.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, October 2nd. Wells Fargo & Co began coverage on shares of Stitch Fix in a report on Thursday, August 2nd. They set a “market perform” rating and a $30.00 target price for the company. Piper Jaffray Companies set a $31.00 target price on shares of Stitch Fix and gave the stock a “hold” rating in a report on Tuesday, October 2nd. ValuEngine raised shares of Stitch Fix from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Finally, KeyCorp reduced their target price on shares of Stitch Fix from $53.00 to $45.00 and set an “overweight” rating for the company in a report on Tuesday, October 2nd. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $33.18.

In other Stitch Fix news, major shareholder Steven M. Spurlock sold 329,621 shares of Stitch Fix stock in a transaction on Friday, October 5th. The shares were sold at an average price of $26.48, for a total value of $8,728,364.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Barry Eggers sold 31,886 shares of Stitch Fix stock in a transaction on Friday, August 31st. The shares were sold at an average price of $40.88, for a total transaction of $1,303,499.68. The disclosure for this sale can be found here. Insiders sold 491,507 shares of company stock valued at $14,531,514 in the last ninety days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eidelman Virant Capital purchased a new position in Stitch Fix in the second quarter valued at $2,663,000. Essex Investment Management Co. LLC purchased a new position in Stitch Fix in the third quarter valued at $306,000. Zevenbergen Capital Investments LLC increased its holdings in Stitch Fix by 63.4% in the second quarter. Zevenbergen Capital Investments LLC now owns 67,220 shares of the company’s stock valued at $1,845,000 after buying an additional 26,070 shares in the last quarter. Pier Capital LLC increased its holdings in Stitch Fix by 52.8% in the second quarter. Pier Capital LLC now owns 307,150 shares of the company’s stock valued at $8,428,000 after buying an additional 106,101 shares in the last quarter. Finally, Raymond James & Associates purchased a new position in Stitch Fix in the second quarter valued at $414,000. 21.45% of the stock is owned by institutional investors.

Shares of Stitch Fix stock traded down $0.75 during trading on Friday, hitting $26.26. 1,431,790 shares of the company’s stock were exchanged, compared to its average volume of 1,932,166. Stitch Fix has a 52-week low of $14.48 and a 52-week high of $52.44. The stock has a market cap of $2.79 billion and a PE ratio of 67.33.

Stitch Fix Company Profile

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.

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