Stitch Fix (SFIX) Scheduled to Post Earnings on Tuesday

Stitch Fix (NASDAQ:SFIX) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, September 24th. Analysts expect Stitch Fix to post earnings of ($0.19) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Stitch Fix Price Performance

SFIX stock opened at $3.94 on Friday. Stitch Fix has a 1-year low of $2.06 and a 1-year high of $5.05. The business has a fifty day moving average price of $3.93 and a 200-day moving average price of $3.21. The stock has a market capitalization of $482.02 million, a P/E ratio of -3.86 and a beta of 1.92.

Insider Activity

In other Stitch Fix news, insider Anthony Bacos sold 42,381 shares of Stitch Fix stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $4.13, for a total transaction of $175,033.53. Following the completion of the transaction, the insider now directly owns 627,957 shares of the company’s stock, valued at $2,593,462.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Katrina Lake sold 537,007 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $5.01, for a total value of $2,690,405.07. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anthony Bacos sold 42,381 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $4.13, for a total transaction of $175,033.53. Following the transaction, the insider now directly owns 627,957 shares in the company, valued at $2,593,462.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 626,663 shares of company stock worth $3,101,692. 25.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SFIX has been the topic of several research reports. Wedbush restated a “neutral” rating and issued a $3.00 target price on shares of Stitch Fix in a report on Wednesday, June 5th. Mizuho boosted their price objective on shares of Stitch Fix from $2.00 to $3.00 and gave the company an “underperform” rating in a research report on Monday, June 10th. Canaccord Genuity Group raised their price objective on Stitch Fix from $3.50 to $4.50 and gave the stock a “hold” rating in a research note on Thursday, June 27th. UBS Group lifted their target price on shares of Stitch Fix from $2.80 to $3.80 and gave the company a “neutral” rating in a research note on Monday, July 8th. Finally, Truist Financial boosted their price target on Stitch Fix from $3.50 to $4.00 and gave the stock a “hold” rating in a report on Wednesday, June 5th. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.45.

Stitch Fix Company Profile

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.