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

Wells Fargo analyst Ike Boruchow has maintained an Equal-Weight rating on Stitch Fix (NASDAQ:SFIX) and reduced the price target from $3.5 to $3.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 12:04 pm

Nasdaq futures are down due to mega-cap tech weakness, with analysts suggesting profit-taking ahead of key events like Federal Reserve Chair Jerome Powell's testimony. The S&P 500 and Nasdaq Composite retreated from all-time highs, while defensive sectors gained. Louis Navellier remains bullish, comparing 2024 to 1999's market. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket declines. AeroVironment surged post-earnings, while GitLab, Paymentus, and Stitch Fix showed significant moves. Target and others are set to report earnings.

Portfolio Pulse from Shanthi Rexaline

March 05, 2024 | 11:38 am

Bernstein analyst Aneesha Sherman maintains a Market Perform rating on Stitch Fix (NASDAQ:SFIX) and lowers the price target from $4 to $3.4.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:03 am

Telsey Advisory Group analyst Dana Telsey has reiterated a 'Market Perform' rating on Stitch Fix (NASDAQ:SFIX) and maintained a $4 price target.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:38 am

GitLab Inc. (GTLB) shares fell 22.4% in pre-market trading after issuing a weak earnings forecast for FY25, below analyst expectations. Other stocks such as Stitch Fix (SFIX), Semrush Holdings (SEMR), MicroStrategy (MSTR), Ethereal Tech (FUFU), CleanSpark (CLSK), Albemarle Corporation (ALB), Marathon Digital Holdings (MARA), and Super Micro Computer (SMCI) also recorded losses in pre-market trading due to various factors including disappointing financial results, proposed offerings, and market volatility.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 10:00 am

U.S. stock futures traded lower, with focus on Target's expected earnings, AeroVironment's Q4 results, Ross Stores' earnings anticipation, Stitch Fix's disappointing Q2 results, and Nordstrom's expected earnings. Target and AeroVironment shares rose in after-hours trading, while Stitch Fix shares dipped significantly.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 7:20 am

Stitch Fix, Inc. (NASDAQ:SFIX) reported Q2 financial results with losses of 30 cents per share, missing the analyst consensus of 20 cents per share losses. Quarterly sales were $330.4 million, below the expected $330.85 million, marking a 19.83% decrease from the previous year. Active clients decreased by 6% quarter-over-quarter and 17% year-over-year. The company's Q3 revenue outlook is between $300 million and $310 million, below the $322.29 million estimate, with fiscal year 2024 revenue expected to be between $1.29 billion and $1.32 billion, under the $1.35 billion consensus. Stitch Fix shares fell 13.7% after-hours to $2.83.

Portfolio Pulse from Erica Kollmann

March 04, 2024 | 9:44 pm

In Monday's after-market session, several consumer discretionary stocks showed notable movements. Aterian, Fossil Group, Interactive Strength, Rent the Runway, EpicQuest Education Group, and Newegg Commerce were among the gainers, with increases in their stock prices. On the other hand, ThredUp, Stitch Fix, BowFlex, BurgerFi International, Cato, and AMMO experienced declines, with ThredUp and Stitch Fix specifically reacting to their earnings releases.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:32 pm

Stitch Fix shares dropped following the announcement of disappointing Q2 financial results and lower than expected revenue guidance for Q3 and FY24.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:10 pm

Stitch Fix reported Q2 earnings with losses of $(0.30) per share, missing the $(0.20) estimate, and sales of $330.40M, slightly below the $330.85M estimate. This represents a decrease in performance compared to the same period last year.

Portfolio Pulse from Happy Mohamed

March 04, 2024 | 9:07 pm

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