Stitch Fix (NASDAQ:SFIX) Posts Earnings Results, Beats Estimates By $0.06 EPS

Stitch Fix (NASDAQ:SFIX - Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.06, Zacks reports. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The company had revenue of $325.02 million for the quarter, compared to analyst estimates of $315.03 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The firm's revenue for the quarter was up .7% compared to the same quarter last year. Stitch Fix updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Stitch Fix Price Performance

Shares of NASDAQ SFIX traded down $0.51 during midday trading on Wednesday, hitting $4.28. 8,999,082 shares of the company's stock were exchanged, compared to its average volume of 2,421,423. The firm's fifty day simple moving average is $3.71 and its 200-day simple moving average is $4.21. The company has a market cap of $551.25 million, a PE ratio of -5.16 and a beta of 2.00. Stitch Fix has a twelve month low of $2.21 and a twelve month high of $6.99.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and set a $6.00 price target on shares of Stitch Fix in a research report on Wednesday.

Insider Buying and Selling at Stitch Fix

In related news, insider Casey O'connor sold 50,000 shares of the business's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $3.04, for a total transaction of $152,000.00. Following the sale, the insider now owns 575,755 shares of the company's stock, valued at approximately $1,750,295.20. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Working Capital Advisors (Uk) sold 1,370,931 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $4.68, for a total value of $6,415,957.08. Following the completion of the sale, the insider now owns 10,608,822 shares in the company, valued at approximately $49,649,286.96. This represents a 11.44% decrease in their position. The disclosure for this sale can be found here. 16.95% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Stitch Fix

A hedge fund recently raised its stake in Stitch Fix stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,270 shares of the company's stock after purchasing an additional 3,993 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Stitch Fix were worth $199,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 71.04% of the company's stock.

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.