Research Analysts Issue Forecasts for Stitch Fix, Inc.’s FY2024 Earnings (NASDAQ:SFIX)

Stitch Fix, Inc. (NASDAQ:SFIXFree Report) – Analysts at Wedbush lifted their FY2024 EPS estimates for Stitch Fix in a note issued to investors on Wednesday, June 5th. Wedbush analyst T. Nikic now anticipates that the company will earn ($0.74) per share for the year, up from their prior estimate of ($0.87). Wedbush currently has a “Neutral” rating and a $3.00 price target on the stock. The consensus estimate for Stitch Fix’s current full-year earnings is ($0.81) per share. Wedbush also issued estimates for Stitch Fix’s Q4 2024 earnings at ($0.20) EPS, Q1 2025 earnings at ($0.19) EPS, Q2 2025 earnings at ($0.18) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.66) EPS and FY2026 earnings at ($0.48) EPS.

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

Several other brokerages have also commented on SFIX. Piper Sandler decreased their price target on Stitch Fix from $3.00 to $2.25 and set an “underweight” rating on the stock in a research note on Tuesday, March 5th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $4.00 target price on shares of Stitch Fix in a research note on Thursday, May 30th. Canaccord Genuity Group reduced their price target on shares of Stitch Fix from $4.00 to $3.50 and set a “hold” rating on the stock in a research note on Tuesday, March 5th. Truist Financial increased their price objective on shares of Stitch Fix from $3.50 to $4.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Sanford C. Bernstein cut their target price on Stitch Fix from $4.00 to $3.40 and set a “market perform” rating on the stock in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $3.20.

Read Our Latest Stock Analysis on SFIX

Stitch Fix Trading Up 10.0 %

Shares of Stitch Fix stock opened at $3.80 on Friday. The stock has a 50 day moving average of $2.37 and a 200 day moving average of $3.00. Stitch Fix has a fifty-two week low of $2.06 and a fifty-two week high of $5.20.

Insider Activity at Stitch Fix

In other Stitch Fix news, CAO Sarah Barkema sold 16,311 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $2.24, for a total transaction of $36,536.64. Following the sale, the chief accounting officer now owns 138,535 shares in the company, valued at approximately $310,318.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 25.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new stake in shares of Stitch Fix in the 3rd quarter valued at $38,000. Swiss National Bank lifted its holdings in Stitch Fix by 2.4% during the 3rd quarter. Swiss National Bank now owns 155,400 shares of the company’s stock worth $536,000 after buying an additional 3,700 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Stitch Fix by 12.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,921,971 shares of the company’s stock worth $6,631,000 after acquiring an additional 216,988 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Stitch Fix in the 3rd quarter valued at about $1,182,000. Finally, Kent Lake Capital LLC acquired a new stake in shares of Stitch Fix during the 3rd quarter worth about $2,932,000. Hedge funds and other institutional investors own 71.04% 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)

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