Stitch Fix (SFIX) to Release Quarterly Earnings on Monday

Posted by on Sep 11th, 2023

Stitch Fix (NASDAQ:SFIX – Get Free Report) will be announcing its earnings results after the market closes on Monday, September 18th. Analysts expect the company to announce earnings of ($0.22) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Stitch Fix Trading Down 1.5 %

Shares of SFIX stock opened at $3.98 on Monday. The stock has a 50 day simple moving average of $4.20 and a 200-day simple moving average of $4.16. The company has a market cap of $452.79 million, a price-to-earnings ratio of -1.84 and a beta of 2.24. Stitch Fix has a 12-month low of $2.63 and a 12-month high of $6.03.

Insiders Place Their Bets

In other news, insider Casey O’connor sold 9,262 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $4.21, for a total value of $38,993.02. Following the completion of the transaction, the insider now owns 284,346 shares in the company, valued at approximately $1,197,096.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 28.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SFIX. Balyasny Asset Management L.P. purchased a new position in Stitch Fix during the 1st quarter valued at about $7,557,000. Federated Hermes Inc. grew its position in shares of Stitch Fix by 212.1% in the first quarter. Federated Hermes Inc. now owns 1,825,064 shares of the company’s stock valued at $18,378,000 after purchasing an additional 1,240,320 shares during the last quarter. BlackRock Inc. increased its stake in shares of Stitch Fix by 14.5% during the 2nd quarter. BlackRock Inc. now owns 9,414,481 shares of the company’s stock worth $36,246,000 after purchasing an additional 1,190,244 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Stitch Fix by 95.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,248,400 shares of the company’s stock worth $8,656,000 after purchasing an additional 1,097,000 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Stitch Fix by 50.3% in the 4th quarter. Millennium Management LLC now owns 3,088,465 shares of the company’s stock valued at $9,605,000 after buying an additional 1,033,703 shares in the last quarter. Institutional investors and hedge funds own 67.49% of the company’s stock.

Stitch Fix Company Profile

(Get Free Report)

Stitch Fix, Inc sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc.

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Earnings History for Stitch Fix (NASDAQ:SFIX)

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