William Blair Decreases Earnings Estimates for Stitch Fix

Stitch Fix, Inc. (NASDAQ:SFIX) – Equities research analysts at William Blair reduced their FY2026 earnings per share (EPS) estimates for Stitch Fix in a research note issued to investors on Wednesday, January 8th. William Blair analyst D. Carden now anticipates that the company will earn ($0.48) per share for the year, down from their previous forecast of ($0.41). The consensus estimate for Stitch Fix’s current full-year earnings is ($0.46) per share.

Stitch Fix (NASDAQ:SFIX) last released its earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The business had revenue of $318.82 million during the quarter, compared to the consensus estimate of $306.88 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.30) EPS.

SFIX has been the topic of several other reports. Telsey Advisory Group raised their price objective on Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. UBS Group raised their price objective on Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, Canaccord Genuity Group raised their price objective on Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, Stitch Fix currently has a consensus rating of “Hold” and an average target price of $3.96.

Stitch Fix Stock Down 4.1 %

Shares of SFIX opened at $4.73 on Friday. Stitch Fix has a 12-month low of $2.06 and a 12-month high of $6.99. The business’s fifty day moving average is $4.25 and its 200 day moving average is $3.85. The stock has a market cap of $599.94 million, a P/E ratio of -5.70 and a beta of 1.99.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Caprock Group LLC purchased a new stake in Stitch Fix in the third quarter worth about $33,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Stitch Fix in the third quarter worth about $36,000. Meeder Asset Management Inc. purchased a new stake in Stitch Fix in the third quarter worth about $44,000. CWM LLC increased its position in Stitch Fix by 112.1% in the third quarter. CWM LLC now owns 25,175 shares of the company’s stock worth $71,000 after buying an additional 13,308 shares in the last quarter. Finally, Creative Planning increased its position in Stitch Fix by 32.1% in the third quarter. Creative Planning now owns 25,477 shares of the company’s stock worth $72,000 after buying an additional 6,194 shares in the last quarter. 71.04% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Katrina Lake sold 725,002 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total value of $4,190,511.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anthony Bacos sold 16,720 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $4.61, for a total value of $77,079.20. Following the completion of the sale, the insider now directly owns 913,962 shares in the company, valued at approximately $4,213,364.82. The trade was a 1.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 16.95% 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.