Brokerages Expect Stitch Fix Inc (SFIX) Will Announce Quarterly Sales of $291.54 Million

Wall Street brokerages forecast that Stitch Fix Inc (NASDAQ:SFIX) will report $291.54 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Stitch Fix’s earnings, with the lowest sales estimate coming in at $290.39 million and the highest estimate coming in at $292.90 million. The company is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Stitch Fix will report full-year sales of $291.54 million for the current fiscal year, with estimates ranging from $1.19 billion to $1.21 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.44 billion per share, with estimates ranging from $1.42 billion to $1.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Stitch Fix.

Stitch Fix (NASDAQ:SFIX) last posted its earnings results on Tuesday, December 19th. The company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The company had revenue of $295.60 million during the quarter, compared to analysts’ expectations of $294.97 million. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis.

Several equities research analysts have recently commented on SFIX shares. Piper Jaffray Companies set a $29.00 target price on shares of Stitch Fix and gave the stock a “buy” rating in a research report on Monday, January 22nd. Barclays assumed coverage on shares of Stitch Fix in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $26.00 price target for the company. Stifel Nicolaus lifted their price target on shares of Stitch Fix from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Wednesday, December 20th. Goldman Sachs Group assumed coverage on shares of Stitch Fix in a research report on Tuesday, December 12th. They set a “neutral” rating and a $23.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Stitch Fix in a research report on Tuesday, December 12th. They set a “neutral” rating and a $25.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Stitch Fix has a consensus rating of “Hold” and a consensus price target of $25.83.

An institutional investor recently bought a new position in Stitch Fix stock. Engineers Gate Manager LP purchased a new stake in shares of Stitch Fix Inc (NASDAQ:SFIX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 59,532 shares of the company’s stock, valued at approximately $1,538,000. Engineers Gate Manager LP owned 0.06% of Stitch Fix at the end of the most recent reporting period. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Stitch Fix (SFIX) opened at $20.07 on Friday. Stitch Fix has a 12-month low of $14.48 and a 12-month high of $30.07.

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Stitch Fix Company Profile

Stitch Fix, Inc is an online personalized styling service company. The Company offers apparel, shoes and accessories across categories, brands, product types and price points. The Company serves its clients in the following categories: Women’s, Petite, Maternity, Men’s and Plus. The Company also offers a wide variety of product types, including denim, dresses, blouses, skirts, shoes, jewelry and handbags.

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