Stitch Fix (NASDAQ:SFIX - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03, Zacks reports. Stitch Fix had a negative net margin of 4.44% and a negative return on equity of 18.15%. During the same quarter in the previous year, the firm posted ($0.30) earnings per share. The firm's revenue for the quarter was down 2.6% on a year-over-year basis. Stitch Fix updated its Q1 2026 guidance to EPS and its FY 2026 guidance to EPS.
Stitch Fix Trading Up 3.3%
SFIX stock traded up $0.18 during mid-day trading on Wednesday, reaching $5.64. 7,684,444 shares of the stock traded hands, compared to its average volume of 2,295,946. Stitch Fix has a 52-week low of $2.21 and a 52-week high of $6.99. The stock's fifty day moving average is $5.17 and its 200-day moving average is $4.24. The company has a market cap of $735.96 million, a P/E ratio of -12.26 and a beta of 2.03.
Analysts Set New Price Targets
A number of equities analysts have recently commented on SFIX shares. UBS Group restated a "neutral" rating on shares of Stitch Fix in a report on Wednesday, September 17th. Telsey Advisory Group reissued a "market perform" rating and issued a $6.00 price objective on shares of Stitch Fix in a research report on Thursday, September 18th. William Blair raised Stitch Fix from a "market perform" rating to an "outperform" rating in a research report on Monday, July 14th. Wall Street Zen lowered shares of Stitch Fix from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Zacks Research upgraded Stitch Fix to a "hold" rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $6.00.
Read Our Latest Research Report on SFIX
Insiders Place Their Bets
In related news, CFO David Aufderhaar sold 20,538 shares of Stitch Fix stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $5.10, for a total transaction of $104,743.80. Following the completion of the sale, the chief financial officer owned 937,338 shares of the company's stock, valued at approximately $4,780,423.80. This trade represents a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Casey O'connor sold 31,248 shares of Stitch Fix stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $5.34, for a total transaction of $166,864.32. Following the completion of the sale, the insider owned 498,621 shares of the company's stock, valued at $2,662,636.14. This trade represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,047,536 shares of company stock worth $5,350,202. 16.95% of the stock is currently owned by corporate insiders.
Institutional Trading of Stitch Fix
A number of hedge funds have recently modified their holdings of SFIX. Creative Planning acquired a new stake in shares of Stitch Fix in the 2nd quarter valued at $46,000. Tower Research Capital LLC TRC increased its position in Stitch Fix by 171.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 36,553 shares of the company's stock valued at $135,000 after acquiring an additional 23,066 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Stitch Fix by 12.1% during the second quarter. The Manufacturers Life Insurance Company now owns 39,807 shares of the company's stock valued at $147,000 after purchasing an additional 4,303 shares during the last quarter. Norges Bank bought a new stake in shares of Stitch Fix during the second quarter valued at approximately $189,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Stitch Fix by 7.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,270 shares of the company's stock worth $199,000 after buying an additional 3,993 shares in the last quarter. Institutional investors own 71.04% of the company's stock.
About Stitch Fix
(
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.
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