|Bid||40.70 x 800|
|Ask||41.51 x 1000|
|Day's Range||38.99 - 41.70|
|52 Week Range||10.90 - 41.70|
|Beta (5Y Monthly)||2.48|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 07, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||31.11|
Stitch Fix Inc (NASDAQ: SFIX) is a mid-tier online apparel retailer stuck in the most competitive market segment and the stock has downside potential of around 30% from Monday's close, according to Morgan Stanley.The Stitch Fix Analyst: Lauren Schenk initiated coverage of Stitch Fix's stock with an Underweight rating and $25 price target.The Stitch Fix Thesis: Stitch Fix already has an approximate 6% market share of apparel priced above $29.99 and it may be difficult to grow as there is limited volume done between $29.99 and $100-plus unit pricing, Schenk said. Stitch Fix may also find it hard to gain market share as growth is mostly coming from lower price points and value channels.Meanwhile, Schenk said management's new initiatives like direct buy, mens, kids and expanding to the UK market could be seen as a sign that the core business is not as "successful as initially hoped." As such, the Street's estimates for 17% compounded annual growth over the next three years may be overly optimistic and the research firm is modeling below consensus CAGR revenue growth of 12%.Related Link: JPMorgan Likes Tapestry After Chat With Coach Parent CompanyInvestors still looking for exposure to the online apparel space can find a better opportunity elsewhereSFIX Price Action: Shares of Stitch Fix were trading lower by 2% Tuesday morning at $35.50.Latest Ratings for SFIX DateFirmActionFromTo Nov 2020Morgan StanleyInitiates Coverage OnUnderweight Sep 2020KeyBancMaintainsOverweight Sep 2020NeedhamMaintainsBuy View More Analyst Ratings for SFIX View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * JPMorgan Likes Tapestry After Chat With Coach Parent Company * Why Jefferies Is Losing Its Tilray Buzz(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
SAN FRANCISCO, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Stitch Fix, Inc. (NASDAQ:SFIX), the leading online personal styling service, today announced that it will release its financial results for its first quarter of fiscal year 2021 ended October 31, 2020 after market close on Monday, December 7, 2020 followed by a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss Stitch Fix’s financial results and outlook. The call will be hosted by Katrina Lake, founder and CEO, Mike Smith, President, COO, and interim CFO, and Elizabeth Spaulding, President. A live webcast will be accessible on the investor relations section of the Stitch Fix website at https://investors.stitchfix.com. The call can also be accessed domestically at (800) 458-4121 and internationally at (323) 794-2093, passcode 1665713. A telephonic replay will be available through Monday, December 14, 2020 at (888) 203-1112 or (719) 457-0820 passcode 1665713. A replay of the webcast will also be available at https://investors.stitchfix.com.About Stitch FixStitch Fix is an online personal styling service that is reinventing the shopping experience by delivering one-to-one personalization to our clients through the combination of data science and human judgment. Stitch Fix was founded in 2011 by CEO Katrina Lake. Since then, we've helped millions of women, men, and kids discover and buy what they love through personalized selections of apparel, shoes, and accessories, curated by Stitch Fix stylists and algorithms. For more information about Stitch Fix, please visit https://www.stitchfix.com. CONTACT: Contact: David Pearce IR@stitchfix.com
The stock prices for Wayfair (NYSE: W) and Stitch Fix (NASDAQ: SFIX) are both on fire lately. This compares to Stitch Fix, who's stock has only moved higher by slightly more than triple since its March low. In October alone, Stitch Fix stock surged higher by 27%.