Stitch Fix, Inc. (SFIX) PT Lowered to $12 at Stifel
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Stitch Fix (SFIX) Shares Collapse 25% After Earnings, Light Forecast Prompts Two Downgrades
March 9, 2022 6:33 AM ESTShares 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
Telsey Downgrades Stitch Fix, Inc. (SFIX) to Market Perform
March 9, 2022 6:16 AM ESTTelsey analyst Dana Telsey downgraded Stitch Fix, Inc. (NASDAQ: SFIX) from Outperform to Market Perform with a price target of $14.00 (from $25.00).
For an analyst ratings summary and ratings history on Stitch Fix, Inc.... More
Stitch Fix, Inc. (SFIX) PT Lowered to $9 at Wedbush
March 9, 2022 6:10 AM ESTWedbush analyst Tom Nikic lowered the price target on Stitch Fix, Inc. (NASDAQ: SFIX) to $9.00 (from $21.00) while maintaining a Neutral rating.... More
Stitch Fix, Inc. (SFIX) PT Lowered to $12 at Barclays
March 9, 2022 5:30 AM ESTBarclays analyst Ross Sandler lowered the price target on Stitch Fix, Inc. (NASDAQ: SFIX) to $12.00 (from $22.00) while maintaining a Equalweight rating.... More
Stitch Fix, Inc. (SFIX) PT Lowered to $13 at Evercore ISI
March 9, 2022 4:30 AM ESTEvercore ISI analyst Mark Mahaney lowered the price target on Stitch Fix, Inc. (NASDAQ: SFIX) to $13.00 (from $24.00) while maintaining a In Line rating.... More
UPDATE: Truist Securities Downgrades Stitch Fix, Inc. (SFIX) to Hold
March 9, 2022 4:08 AM EST(Updated - March 9, 2022 5:29 AM EST)
Truist Securities analyst Youssef Squali downgraded Stitch Fix, Inc. (NASDAQ: SFIX) from Buy to Hold with a price target of $12.00 (from $40.00).
The analyst comments "Friction in the onboarding process and lack of conversion from the... More
Stitch Fix (SFIX) Reports In-Line Q2 EPS
March 8, 2022 4:05 PM ESTStitch Fix (NASDAQ: SFIX) reported Q2 EPS of ($0.28), in-line with the analyst estimate of ($0.28). Revenue for the quarter came in at $516.7 million versus the consensus estimate of $514.8 million.
The company sees Q3 revenue of $485-$500 million, versus the consensus of $560.54 million.
For... More
