Stitch Fix (SFIX) Issues Earnings Results

Cornelia Mascio
Marzo 13, 2018

(NASDAQ:SFIX) to report earnings on Mar, 12 for the fiscal quarter ending Jan 2018. They issued a "neutral" rating and a $25.00 price objective on the stock.

Katrina Lake, Stitch Fix founder and chief executive, described the numbers as "strong results". They set a "hold" rating and a $22.00 price target on the stock. The company had revenue of $295.60 million for the quarter, compared to analysts' expectations of $294.97 million.

In terms of earnings per share, 4 analysts have a 0.02 EPS mean target for the quarter ending Oct-18, for the quarter ending Jan-18, 7 analysts have a 0.06 EPS mean target and for the quarter ending Jan-18 there are 7 estimates of 0.20 EPS. The firm's revenue for the quarter was up 24.4% compared to the same quarter a year ago. Piper Jaffray Companies initiated coverage on shares of Stitch Fix in a research note on Tuesday, December 12th. They set an "overweight" rating and a $29.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Stitch Fix presently has a consensus rating of "Hold" and a consensus price target of $25.83.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Research Inc. purchased a new stake in Stitch Fix in the fourth quarter worth about $662,000. Engineers Gate Manager LP purchased a new stake in shares of Stitch Fix in the 4th quarter worth approximately $1,538,000. Barclays assumed coverage on shares of Stitch Fix in a report on Tuesday, December 12th.

WARNING: This article was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online. The legal version of this article can be read at https://www.thelincolnianonline.com/2018/03/13/investors-buy-large-volume-of-stitch-fix-call-options-sfix.html. If you are accessing this report on another website, it was illegally stolen and republished in violation of global copyright laws. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stitch Fix, Inc. with MarketBeat.com's FREE daily email newsletter. The Company also offers a wide variety of product types, including denim, dresses, blouses, skirts, shoes, jewelry and handbags.

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