Stitch Fix (SFIX) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Stitch Fix (NASDAQ:SFIX) issued its earnings results on Tuesday. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01, Briefing.com reports. The firm had revenue of $295.60 million during the quarter, compared to the consensus estimate of $294.97 million. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year.

Stitch Fix (SFIX) traded up $0.91 during trading on Tuesday, reaching $24.76. The company’s stock had a trading volume of 1,705,600 shares, compared to its average volume of 1,546,681. Stitch Fix has a 1 year low of $14.48 and a 1 year high of $25.98.

Several research analysts recently commented on SFIX shares. Stifel Nicolaus started coverage on Stitch Fix in a research report on Tuesday, December 12th. They issued a “hold” rating and a $22.00 target price for the company. William Blair started coverage on Stitch Fix in a research report on Tuesday, December 12th. They issued an “outperform” rating for the company. Goldman Sachs Group started coverage on Stitch Fix in a research report on Tuesday, December 12th. They issued a “neutral” rating and a $23.00 target price for the company. Piper Jaffray Companies started coverage on Stitch Fix in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $29.00 target price for the company. Finally, Royal Bank of Canada initiated coverage on Stitch Fix in a research report on Tuesday, December 12th. They issued an “outperform” rating and a $29.00 target price for the company. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Stitch Fix presently has an average rating of “Hold” and an average target price of $25.67.

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