Stitch Fix (SFIX) Scheduled to Post Earnings on Tuesday

Stitch Fix (NASDAQ:SFIX) will issue its quarterly earnings data after the market closes on Tuesday, September 24th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Stitch Fix Stock Down 4.1 %

Shares of NASDAQ:SFIX opened at $3.76 on Tuesday. The firm has a market cap of $460.00 million, a P/E ratio of -3.69 and a beta of 1.92. Stitch Fix has a 12 month low of $2.06 and a 12 month high of $5.05. The company’s 50-day moving average price is $3.96 and its two-hundred day moving average price is $3.18.

Insider Transactions at Stitch Fix

In other Stitch Fix news, Director Katrina Lake sold 537,007 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $5.01, for a total value of $2,690,405.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Anthony Bacos sold 42,381 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $4.13, for a total value of $175,033.53. Following the completion of the sale, the insider now directly owns 627,957 shares of the company’s stock, valued at approximately $2,593,462.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Katrina Lake sold 537,007 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $5.01, for a total value of $2,690,405.07. The disclosure for this sale can be found here. Insiders sold 626,663 shares of company stock worth $3,101,692 over the last quarter. 25.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SFIX shares. Canaccord Genuity Group lifted their price objective on shares of Stitch Fix from $3.50 to $4.50 and gave the company a “hold” rating in a report on Thursday, June 27th. Truist Financial lifted their target price on Stitch Fix from $3.50 to $4.00 and gave the stock a “hold” rating in a report on Wednesday, June 5th. Mizuho lifted their target price on Stitch Fix from $2.00 to $3.00 and gave the stock an “underperform” rating in a report on Monday, June 10th. UBS Group boosted their price target on Stitch Fix from $2.80 to $3.80 and gave the company a “neutral” rating in a research note on Monday, July 8th. Finally, Wedbush reissued a “neutral” rating and set a $3.00 target price on shares of Stitch Fix in a research note on Wednesday, June 5th. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $3.45.

About Stitch Fix

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.