Analysts expect Stitch Fix Inc (NASDAQ:SFIX) to post earnings per share (EPS) of $0.03 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Stitch Fix’s earnings. The lowest EPS estimate is $0.02 and the highest is $0.04. The business is expected to issue its next earnings report after the market closes on Monday, December 10th.

On average, analysts expect that Stitch Fix will report full year earnings of $0.13 per share for the current financial year, with EPS estimates ranging from $0.11 to $0.16. For the next fiscal year, analysts forecast that the firm will post earnings of $0.20 per share, with EPS estimates ranging from $0.16 to $0.32. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Stitch Fix.

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

A number of equities analysts have recently commented on SFIX shares. Zacks Investment Research upgraded Stitch Fix from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Saturday, September 15th. KeyCorp reiterated a “buy” rating and issued a $53.00 target price (up previously from $38.00) on shares of Stitch Fix in a report on Thursday, September 13th. ValuEngine upgraded Stitch Fix from a “hold” rating to a “buy” rating in a report on Friday, August 10th. SunTrust Banks started coverage on Stitch Fix in a report on Friday, August 10th. They issued a “buy” rating and a $38.00 target price for the company. Finally, Wells Fargo & Co dropped coverage on Stitch Fix in a report on Tuesday, October 2nd. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $33.18.

In other news, COO Mike C. Smith sold 25,000 shares of the business’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $50.04, for a total value of $1,251,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul Yee sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of $29.48, for a total value of $147,400.00. The disclosure for this sale can be found here. Insiders sold a total of 409,621 shares of company stock valued at $11,439,264 over the last quarter. Company insiders own 56.97% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SFIX. BlackRock Inc. acquired a new position in Stitch Fix during the 2nd quarter valued at about $4,147,000. Picton Mahoney Asset Management acquired a new position in Stitch Fix during the 3rd quarter valued at about $1,126,000. Raymond James & Associates acquired a new position in Stitch Fix during the 2nd quarter valued at about $414,000. Essex Investment Management Co. LLC acquired a new position in Stitch Fix during the 3rd quarter valued at about $306,000. Finally, Zevenbergen Capital Investments LLC increased its position in Stitch Fix by 63.4% during the 2nd 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. 22.36% of the stock is owned by hedge funds and other institutional investors.

Shares of Stitch Fix stock opened at $26.69 on Monday. The company has a market capitalization of $2.65 billion and a PE ratio of 68.44. Stitch Fix has a one year low of $18.00 and a one year high of $52.44.

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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