Streetbeat News

SFIX

Stitch Fix, Inc.

https://www.stitchfix.com

Industry

Apparel - Retail

Stitch Fix, Inc. sells a range of apparel, shoes, and accessories through its Website and mobile application in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc. in October 2011. Stitch Fix, Inc. was incorporated in 2011 and is headquartered in San Francisco, California.

Open

3.65

Mkt cap

476M

Volume

328K

High

3.78

P/E Ratio

-3.79

52-wk high

5.04

Low

3.60

Div yield

N/A

52-wk low

2.06

Over the last quarter, Stitch Fix (NASDAQ:SFIX) received predominantly indifferent analyst ratings, with 9 indifferent and 1 somewhat bearish out of 10 total ratings. The average 12-month price target for SFIX is $3.73, a decrease of 15.03% from the previous target of $4.39. The high target is $5.00 and the low target is $2.50. Analysts typically review stocks quarterly or after major company updates, basing their ratings on financial predictions and company performance.

Portfolio Pulse from Benzinga Insights

November 29, 2023 | 12:00 pm

Telsey Advisory Group analyst Dana Telsey has reiterated a 'Market Perform' rating on Stitch Fix (NASDAQ:SFIX) and maintained a price target of $4. This indicates that the analyst believes the stock will perform in line with the market and is not changing the previously set target price.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:31 am

Stitch Fix has hired Tony Bacos, a former Amazon Fashion executive, as its new Chief Product and Technology Officer. Bacos will lead the company's technology, product, data science, security, and IT teams, with a focus on utilizing data science and stylist expertise to improve personalization efforts and unlock new growth opportunities. This move comes as Stitch Fix continues to struggle financially, with a 21% year-over-year net revenue decrease and a 13% drop in active clients for fiscal 2023.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 4:54 pm

The article lists the stocks that have gained and lost the most in Tuesday's mid-day session. Some of the top gainers include InMed Pharmaceuticals, LianBio, Ascent Solar Technologies, and Falcon's Beyond Global. On the other hand, reAlpha Tech Corp, LumiraDx Limited, INVO Bioscience, and Markforged Holding Corporation were among the biggest losers.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 6:12 pm

The article discusses the potential of an unnamed oversold industrial stock that insiders are buying ahead of its earnings release this week. The stock has a Relative Strength Index (RSI) below 20 and a Piotroski F-Score of 8, indicating it is oversold but financially strong. The company's shares plummeted about 25% after mixed earnings last quarter, but five directors, including the chairman, bought more shares in the open market. The article suggests that the stock could bounce if the earnings are less terrible than the market has already priced in.

Portfolio Pulse from David Pinsen

October 24, 2023 | 4:41 pm

Shares of retail, apparel and e-commerce stocks are trading higher amid broader strength in consumer discretionary stocks. Companies such as AEO, BURL, FTCH, GPS, KSS, NKE, ROST, SBH, SFIX, UAA, VFC are mentioned.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 6:36 pm

Nike, Inc. (NYSE:NKE) and Stitch Fix, Inc. (NASDAQ: SFIX) were mentioned in an article discussing the use of the Relative Strength Index (RSI) to identify oversold stocks. Nike, which had an RSI of less than 20, indicating it was oversold, reported mixed earnings, beating on earnings but missing on revenue. Despite the mixed report, the stock spiked nearly 8% after hours. The article suggests that another oversold company with stronger fundamentals than Nike is likely to experience a similar bounce on slightly-better-than-expected earnings.

Portfolio Pulse from David Pinsen

September 29, 2023 | 4:49 pm

The article discusses the use of the Relative Strength Index (RSI) as a technical indicator in stock trading. It highlights how RSI helped avoid a potentially losing trade on Stitch Fix (NASDAQ:SFIX) and identified an opportunity in Big Lots (NYSE:BIG). The RSI indicated that SFIX was oversold, despite other indicators suggesting a bearish outlook. SFIX's stock spiked after mixed earnings, but ended the week flat. BIG, on the other hand, showed a short-lived bounce after poor earnings, presenting a trading opportunity.

Portfolio Pulse from David Pinsen

September 26, 2023 | 4:06 pm

Stitch Fix Inc (NASDAQ:SFIX) reported a 22% YoY revenue drop to $375.8 million for Q4, with a net loss of $28.7 million, a 70% improvement from last year. The annual revenue fell 21% YoY to $1.6 billion, with a net loss of $172 million. The number of active clients dropped 13% YoY. Stitch Fix confirmed it will be shutting its operations in the UK. The company expects further hits, with Q1 revenue expected to decline between 18% and 20%. Amazon.com Inc (NASDAQ:AMZN) announced it will be adding 250,000 U.S. workers. Target Corporation (NYSE:TGT) plans to add 100,000 employees, flat YoY growth. Macy’s Inc (NYSE:M) will be hiring less people compared to last year’s holiday season.

Portfolio Pulse from Upwallstreet

September 19, 2023 | 7:04 pm

During Tuesday's intraday session, several consumer discretionary stocks experienced significant movements. Gainers included Connexa Sports Techs (CNXA), Elys Game Technology (ELYS), Stitch Fix (SFIX), Tupperware Brands (TUP), Unique Fabricating (UFAB), and Sportsman's Warehouse (SPWH). Losers included NIO (NIO), Digital Brands Group (DBGI), Faraday Future (FFIE), Alliance Entertainment (AENT), REE Automotive (REE), and Carvana (CVNA).

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 5:31 pm

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