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 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'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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