|Bid||20.25 x 900|
|Ask||20.35 x 1100|
|Day's Range||19.78 - 20.61|
|52 Week Range||18.00 - 52.44|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||55.15|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.44|
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Both apparel retailers outperformed on the bottom line last quarter, but the old-school company's stock is the one you’d rather own.
Personalized online apparel company Stitch Fix (NASDAQ:SFIX) reported largely better than expected first-quarter numbers after the bell on Monday. For all intents and purposes, it was a double-beat-and-raise report that sent SFIX stock 10% higher in after-hours trade. Also, the company isn’t expecting its client base to grow at all during the holiday quarter.
Stitch Fix Inc. reported fiscal first-quarter earnings that beat expectations, but a change in strategy that includes slowing growth in new users has sent shares plummeting as much as 26% in Tuesday trading, and closing down 21%. For the second quarter, Stitch Fix (SFIX) expects “slower” active client growth, advertising spending to be lower, and a flat active client count. An active client is defined as someone “who checked out a Fix in the preceding 12-month period,” the company said.
In the meantime, here are a few must-see stock charts. Let’s start with the PowerShares QQQ ETF (NASDAQ:QQQ), an ETF that closely mirrors the Nasdaq index. After a strong reversal on Monday and some continuation on Tuesday, the QQQ has gained some bullish momentum.
Stocks that moved substantially or traded heavily Tuesday: WPP PLC, up $1.25 to $52.38 The advertising and marketing giant announced a major restructuring that will include shedding 3,500 jobs. General ...
The Dow Jones Industrial Average fell after Donald Trump and top Democratic leaders clashed over border security. tumbled 20.9% on Tuesday after its client growth disappointed Wall Street. jumped 8% after the shoe retailer posted fiscal third-quarter earnings that topped forecasts and the company lifted full-year guidance.
Ryan McQueeney recaps the latest in U.S.-China trade talks, oil prices, and earnings reports. Later, he chats with Dave Bartosiak about a few of the market's trendiest stocks, including AMD, ahead of 2019.
Add another company to the list of growth stocks that look like they might end 2018 on a sour note: online apparel retailer (SFIX) (ticker: SFIX). Earnings came in at 10 cents a share, more than three times higher than Wall Street expected. “From a marketing perspective, it’s just a very busy time [during the holidays] in terms of lots of noise and communications to clients and consumers out there,” Yee said on the call.
It might not be such an easy fix for online apparel seller Stitch Fix Inc. , which was falling more than 25.3% in trading Tuesday despite topping analysts' earnings estimates in its fiscal first quarter. The subscription fashion service failed to meet the all-important active client growth numbers analysts were expecting for the period, with the company reaching 2.9 million active clients, just short of Wall Street expectations of 2.95 million.
Apparel subscription service Stitch Fix Inc. (NASDAQ: SFIX ) reported above-consensus fiscal first-quarter results Monday that were at the high end of the company's guidance. Notably, revenue increased ...
Stitch Fix's (SFIX) top and bottom lines improve year over year and exceed the Zacks Consensus Estimate. However, management expects no increase in active subscribers in holiday quarter.
Stitch Fix Inc. was downgraded to market perform from outperform at William Blair on concerns about the company's active clients metric, which missed for a second consecutive quarter. For the fiscal first quarter, Stitch Fix reported 2.9 million active clients, up 22% or 534,000, from last year. William Blair says the active client growth miss "was smaller in magnitude" than the previous quarter. "However management guided to flat sequential active client growth in the second fiscal quarter of 2019." The FactSet consensus is for 3.04 million active clients. Analysts downgraded the styling service, "due to a lack of visibility into this key metric, underpinning soft net addition guidance and greater risk in our view to out-year sales and earnings estimates." Stitch Fix shares have plummeted 25% in Tuesday trading and are down 25% for the year to date. The S&P 500 index is nearly unchanged for the period.
Price target lowered to $25 from $30, but overweight rating maintained. Cuts price target to $39 from $50, which had been the highest on the Street. Trimmed price target by $1 to $24, writing that while the company’s second-quarter revenue outlook “bracketed consensus, management guided to ’relatively flat’ sequential active client growth despite guiding adj.