William Blair Weighs in on Stitch Fix Inc’s FY2020 Earnings (SFIX)

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Stitch Fix Inc (NASDAQ:SFIX) – Analysts at William Blair upped their FY2020 earnings estimates for shares of Stitch Fix in a note issued to investors on Tuesday, March 12th. William Blair analyst R. Schackart now expects that the company will earn $0.26 per share for the year, up from their previous estimate of $0.23. William Blair has a “Market Perform” rating on the stock.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Monday, March 11th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.07. The business had revenue of $370.28 million during the quarter, compared to analyst estimates of $365.28 million. Stitch Fix had a return on equity of 15.99% and a net margin of 3.67%.

Several other research analysts have also commented on SFIX. Wolfe Research initiated coverage on Stitch Fix in a research report on Monday, November 19th. They issued a “peer perform” rating for the company. ValuEngine lowered Stitch Fix from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Piper Jaffray Companies reduced their price target on Stitch Fix to $20.00 and set a “neutral” rating for the company in a research report on Tuesday, December 11th. Barclays reduced their price target on Stitch Fix from $33.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 11th. Finally, Royal Bank of Canada reduced their price target on Stitch Fix to $39.00 and set an “outperform” rating for the company in a research report on Tuesday, December 11th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Stitch Fix has an average rating of “Hold” and a consensus price target of $35.50.

Shares of NASDAQ SFIX opened at $31.63 on Thursday. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 81.10, a PEG ratio of 7.56 and a beta of 3.37. Stitch Fix has a twelve month low of $16.05 and a twelve month high of $52.44.

Hedge funds have recently made changes to their positions in the stock. AdvisorNet Financial Inc purchased a new position in Stitch Fix during the 4th quarter worth $29,000. Capital Investment Advisory Services LLC purchased a new position in Stitch Fix during the 4th quarter worth $62,000. Stratos Wealth Partners LTD. purchased a new position in Stitch Fix during the 3rd quarter worth $153,000. Advisor Group Inc. grew its stake in Stitch Fix by 39.5% during the 4th quarter. Advisor Group Inc. now owns 9,541 shares of the company’s stock worth $163,000 after buying an additional 2,701 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new position in Stitch Fix during the 4th quarter worth $171,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

In related news, major shareholder Steven M. Spurlock sold 510,588 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $32.05, for a total transaction of $16,364,345.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Katrina Lake sold 8,673 shares of the business’s stock in a transaction on Wednesday, December 19th. The stock was sold at an average price of $20.00, for a total value of $173,460.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 819,520 shares of company stock valued at $24,067,313. Corporate insiders own 56.97% 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.

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

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