Stitch Fix, Inc. (SFIX) PT Lowered to $9 at Wedbush
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Go back to Stitch Fix, Inc. (SFIX) PT Lowered to $9 at Wedbush
March 9, 2022 6:42 AM EST
Stifel analyst Scott Devitt lowered the price target on Stitch Fix, Inc. (NASDAQ: SFIX) to $12.00 (from $23.00) while maintaining a Hold rating following results and a reduced outlook.
The analyst commented, "Stitch Fix reported in-line F2Q revenue (+2.5% y/y growth) and adj. EBITDA... More
March 9, 2022 6:33 AM EST
Shares of Stitch Fix (NASDAQ: SFIX) are down more than 24% in premarket trading Wednesday after the company reported a weak Q3 forecast.
Stitch Fix reported a Q2 loss per share of 28c, compared with 20c loss per share in the year-ago period and consensus estimates of loss per share of 27c.
Net revenue came in at $516.7 million, up 2.5% YOY and slightly above the analyst consensus of $514.8 million. The company reported 4.02 million active clients in the quarter, up 3.1% YOY.
Adjusted EBITDA in the fourth quarter was reported at $10.1 million, compared with... More
