William Blair Decreases Earnings Estimates for Stitch Fix

Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) - Stock analysts at William Blair dropped their FY2026 earnings estimates for shares of Stitch Fix in a research note issued on Wednesday, January 8th. William Blair analyst D. Carden now anticipates that the company will earn ($0.48) per share for the year, down from their prior forecast of ($0.41). The consensus estimate for Stitch Fix's current full-year earnings is ($0.46) per share.

Other research analysts have also recently issued research reports about the stock. Telsey Advisory Group raised their price target on shares of Stitch Fix from $4.00 to $6.00 and gave the stock a "market perform" rating in a report on Wednesday, December 11th. UBS Group lifted their price objective on shares of Stitch Fix from $2.80 to $5.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Finally, Canaccord Genuity Group lifted their target price on shares of Stitch Fix from $5.00 to $6.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, Stitch Fix presently has an average rating of "Hold" and a consensus price target of $3.96.

Stitch Fix Trading Down 4.1 %

Shares of NASDAQ SFIX traded down $0.20 during midday trading on Friday, reaching $4.73. The company had a trading volume of 3,589,564 shares, compared to its average volume of 3,333,531. The business's 50-day simple moving average is $4.22 and its 200 day simple moving average is $3.84. The stock has a market cap of $599.94 million, a P/E ratio of -5.70 and a beta of 1.99. Stitch Fix has a 1 year low of $2.06 and a 1 year high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.09. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The firm had revenue of $318.82 million for the quarter, compared to the consensus estimate of $306.88 million. During the same period last year, the firm earned ($0.30) earnings per share. The company's quarterly revenue was down 12.6% on a year-over-year basis.

Institutional Investors Weigh In On Stitch Fix

Several large investors have recently added to or reduced their stakes in the business. Creative Planning increased its stake in Stitch Fix by 32.1% during the 3rd quarter. Creative Planning now owns 25,477 shares of the company's stock worth $72,000 after buying an additional 6,194 shares during the period. Federated Hermes Inc. grew its holdings in Stitch Fix by 7.7% during the 2nd quarter. Federated Hermes Inc. now owns 94,624 shares of the company's stock worth $393,000 after acquiring an additional 6,739 shares in the last quarter. Virtus Investment Advisers Inc. grew its holdings in Stitch Fix by 11.1% during the 3rd quarter. Virtus Investment Advisers Inc. now owns 117,185 shares of the company's stock worth $330,000 after acquiring an additional 11,735 shares in the last quarter. Caprock Group LLC acquired a new position in Stitch Fix during the 3rd quarter worth approximately $33,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Stitch Fix during the 3rd quarter worth approximately $36,000. 71.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Anthony Bacos sold 16,720 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $4.61, for a total transaction of $77,079.20. Following the sale, the insider now directly owns 913,962 shares of the company's stock, valued at $4,213,364.82. This represents a 1.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Katrina Lake sold 725,002 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total transaction of $4,190,511.56. The disclosure for this sale can be found here. 16.95% of the stock is owned by insiders.

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.