|Bid||11.80 x 1000|
|Ask||11.83 x 1400|
|Day's Range||11.50 - 12.15|
|52 Week Range||10.90 - 32.34|
|Beta (5Y Monthly)||2.73|
|PE Ratio (TTM)||47.69|
|Earnings Date||Mar 08, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||19.85|
Yahoo Finance’s Alexis Christoforous joins the On The Move panel to discuss how online styling service Stitch Fix can turn things around after a dismal second quarter earnings report.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Stitch Fix Inc. said Friday that it will have to shutter distribution centers in San Mateo County, Calif. and in Pennsylvania. The closures come after government mandates to curb the spread of the coronavirus. The California facility will be closed until April 7. The Bethlehem, Penn. facility will be closed indefinitely until Gov. Tom Wolf announces an end date. Stitch Fix has four other facilities in the U.S. Stitch Fix stock is up 5.8% in Friday premarket trading, but down 47.8% over the last year. The S&P 500 index has tumbled 14.7% over the past 12 months.
Stitch Fix, Inc. (NASDAQ:SFIX) the leading online personal styling service, today announced that, as a result of current public health orders in San Mateo County, California and in Pennsylvania, it is temporarily closing two of its distribution centers. The South San Francisco, California distribution center is anticipated to be closed until April 7, 2020 to comply with the applicable order. The Bethlehem, Pennsylvania distribution center will be closed until the governor provides an expected end date for the Pennsylvania order.
Benchmark Capital’s Gurley, a Stitch Fix board member, bought shares as they languished below their 2017 IPO price of $15. Stitch Fix stock set a record intraday low on Monday.
Unfortunately for some shareholders, the Stitch Fix (NASDAQ:SFIX) share price has dived 35% in the last thirty days...
Stitch Fix stock fell by double-digits Tuesday, following its quarterly earnings report late Monday that fell short of Wall Street expectations, including the outlook Analysts cut estimates.
Stitch Fix Inc (NASDAQ: SFIX) plunged more than 40% Monday night after reporting third-quarter sales guidance of $465-$475 million, far below the $506 million estimate. Full-year sales guidance between $1.81 billion and $1.84 billion -- also well below market forecasts of $1.92 billion. It also slashed EBITDA guidance from $18 million to $32 million down to $0 to $10 million.In the immediate quarter, the clothing company missed second-quarter top-line estimates but beat bottom-line projections by nearly double.Stitch Fix had set long-term sales growth targets between 20% and 25% -- a goal that Needham considers still intact.See Also: Stitch Fix Plummets On Poor Sales Outlook"We view it has good momentum with women's and its recently expanded direct buying feature should benefit conversion," Needham analyst Rick Patel wrote in a note. "It also has ample white space opportunities through the U.K. and underpenetrated segments (men's and kids). However, we'd like to see greater progress and consistency, particularly with new client growth which we see as being the most critical to SFIX's growth engine."However, Wells Fargo is concerned that recent sales growth has not generated a corresponding rise in profits.View more earnings on SFIX"While the incremental revenues have been a bullish sign that the brand was gaining momentum, the additional costs to keep the growth going (product, warehousing/distribution, and marketing) have kept a lid on profit flow-through, and EBITDA is set to decline for the 4th straight FY, while EBIT has turned negative," analyst Ike Boruchow wrote.Macro FactorsMacro uncertainty may hinder its success."The company probably won't be able to escape a macro environment that will likely limit consumer spending on the category in the near term," Stifel analyst Scott Devit wrote.Needham agrees."Much of SFIX's bull-case has been tied to its ability to replicate its U.S. success overseas," Patel wrote. "Its May 2019 expansion into the U.K. hasn't hit SFIX's growth targets due to Brexit and time needed to learn local-market preferences. We believe this, coupled with COVID-19 uncertainty and investments will cause the U.K. to continue being a near-term drag on EBITDA."Wells Fargo considers these factors risks to scalability and points to additional concerns in the greater e-commerce segment.The SFIX RatingsNeedham expects sales per active client to increase with the application of data analytics to drive conversion and with the third-quarter expansion of Stitch Fix's direct buying feature. However, impacts from the latter may be offset by less robust AOV growth "given competitive promos and a broader assortment of lower-priced products." * Needham maintained a Hold rating; * Piper Sandler maintained a Neutral rating but cut its target from $22 to $15; * Stifel maintained a Buy rating but cut its target from $32 to $26; * SunTrust Robinson Humphrey maintained a Buy rating but cut its target from $38 to $27; and * Wells Fargo maintained an Equal-Weight rating but cut its target from $29 to $14."We are comfortable on the sidelines given growing business complexity & rising customer acquisition costs," Piper analyst Erinn Murphy wrote.Stitch Fix traded lower by 26% to $15.71 per share at time of publication.Latest Ratings for SFIX DateFirmActionFromTo Mar 2020Wells FargoReiteratesEqual-Weight Mar 2020Piper SandlerMaintainsNeutral Mar 2020SunTrust Robinson HumphreyMaintainsBuy View More Analyst Ratings for SFIX View the Latest Analyst Ratings See more from Benzinga * Where To Hide In The Cannabis Space * Sanctions, Stimuli And COVID-19: Today's Oil News * Former General Electric CEO Jack Welch Dies At 84(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Stitch Fix has gapped sharply lower this Tuesday afternoon. The retailer reported a 22% growth in sales during Q2 but fell short of the consensus estimate. In this daily bar chart of SFIX, below, we can see that prices have been spiraling lower since the middle of February.
The major stock indexes were still higher Tuesday morning, as the coronavirus stock market correction continues.
Stitch Fix Inc. stock slumped 28.5% in Tuesday trading after the personal styling service reported revenue that missed expectations and cut its guidance. Stitch Fix now expects full fiscal-year revenue in the range of $1.81 billion to $1.84 billion, and fiscal third-quarter revenue in the range of $465 million to $475 million. The FactSet forecast is for full-year revenue of $1.83 billion and third-quarter revenue of $471 million. The company says guidance was affected by rising costs in key digital channels, revamped marketing, and the impact of Brexit on the U.K. roll out. While the company hasn't seen a material impact from the coronavirus, it is monitoring future disruptions to their brand and manufacturing partners, Chief Executive Katrina Lane said on the earnings call. "The company called out both micro and macro drivers, though we believe management's tone suggests a bigger weight to the macro environment," said SunTrust Robinson Humphrey. Analysts there rate Stitch Fix stock a buy, but cut their price target to $27 from $38. KeyBanc Capital Markets also thinks that more than half of the deceleration in the guidance is tied to "macro/coronavirus trends." KeyBanc rates Stitch Fix stock overweight, but lowered its price target to $26 from $34. JPMorgan slashed its price target to $17 from $27 (stock rated buy), and BMO Equity Research reduced its price target to $15 from $24 (stock rated market perform). Stitch Fix shares have tumbled 41% over the last year while the S&P 500 index has gained 1.6% for the period.
Stitch Fix's deal is a finalist for Industrial Deal of the Year in Atlanta Business Chronicle's Best in Atlanta Real Estate Awards.
(Bloomberg) -- Stitch Fix Inc. plunged to a record low after the fashion subscription company cut its revenue and Ebitda outlook for the rest of year, leading analysts to slash their 12-month price targets.The outlook disappointed investors and analysts, with the blame being placed on a lower average order value (AOV), a slower-than-expected ramp of its business in the U.K. as a result of Brexit, an investment in talent and business segments, and a worsening macro environment. Furthermore, management said that while the coronavirus hasn’t had a “material impact” on its business just yet, “it’s reasonable to expect we’ll see some impact.” The company also offers direct buying services.Price targets were slashed by most sell-side analysts who issued a report after the results. “A growth story with lofty valuations can expect to be punished for moderating its top-line outlook,” Telsey Advisory analyst Dana Telsey wrote. She maintained her outperform rating, but reduced her price target to $20 a share from $33. The average target for analysts now sits at about $20 compared with $31 a week ago, according to projections compiled by Bloomberg. What hasn’t changed, however, is analysts’ ratings distribution, with nine buy ratings and seven holds. No analysts recommend selling.The shares plummeted as much as 33% to $14.28, below the record low intraday price of $14.48 in November 2017. The company went public on Nov. 16 of that year with shares priced at $15 apiece. The stock reached a record high of $52.44 in September 2018, but hasn’t traded close to that in more than a year.Here’s more of what analysts had to say after the results:RBC Capital Markets, Mark MahaneyFor the second-quarter report, “the shorts were right and we were wrong, and as Covid uncertainty spreads, buying a consumer discretionary name like SFIX isn’t for the faint of heart.” Even so, Mahaney said the post-market drop Monday of 39% was “excessive.”Risk-reward now “looks highly encouraging” with the shares trading at 0.5 times calendar 2020 Enterprise Value/Sales and 10 times EV/Ebitda for 15%-20% revenue growth and “30%ish” Ebitda growth.Stitch Fix continues to be a “good economics business,” with 12 straight quarters of at least 20% year-over-year organic revenue growth, “consistently rising mid-40s% gross margin,” the fifth consecutive year of positive Ebitda and free cash flow, and more than $300 million in cash.Maintains outperform, price target to $24 from $38.Needham, Rick Patel“It’s unclear how much of the guidance cut is related to coronavirus or how much demand has been hurt” quarter to date.Patel’s neutral view on the stock has been based on “low conviction” around the company’s initial second-half plan, which previously implied an acceleration compared with the first half of the year.“While guidance and expectations have now come down, macro uncertainty is elevated and it remains difficult to have confidence in when or how much SFIX’s sales will accelerate.”Stitch Fix is “controlling what’s controllable,” but visibility is low, he said. Rates hold. There is no price target on the stock.William Blair, Ralph Schackart“While the second-quarter results were relatively in line with expectations, the company’s steep reduction in fiscal year 2020 sales and adjusted Ebitda guidance reinforces fears around its ability to monetize clients while maintaining stable profit margins.”With the post-market decline, the stock currently trades at 59 times Schackart’s revised 2021 Ebitda estimate. “However, we note our estimate embeds a notable snapback in margins predicated on continued marketing expense control and lapping of heavier investment spending, where we have less visibility.”He sees potential downside to both sales and margin from any continued pressure on lower order value and customer acquisition costs inflation. Strong competitive pressures and wider impact from the coronavirus are other possible risks.Rates market perform. The firm does not have a price target on shares.To contact the reporter on this story: Janet Freund in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Lisa WolfsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Stitch Fix Inc. plunged almost 40% in extended trading after the online personal styling service cut its full-year sales and profit forecast on lower order values, rising costs and the potential impact of coronavirus.The company said fiscal 2020 net revenue will be $1.8 billion to $1.84 billion, from a previous projection of $1.9 billion to $1.93 billion, and below analysts’ estimates of $1.92 billion. Annual adjusted earnings before interest, taxes, depreciation and amortization will be zero to $10 million, the company said, from an earlier estimate of $18 million to $32 million.For the current quarter ending in April, sales will be $465 million to $475 million, or growth of 14% to 16% year over year, San Francisco-based Stitch Fix said. Analysts, on average, projected $506.3 million, according to data compiled by Bloomberg.“Now that we’ve seen a few company-specific, but also macro themes, play out in Q2 ’20, we’re leaning more conservatively in the back half of 2020 and shifting our full-year outlook,” the company said Monday in a statement.While coronavirus hasn’t had a material impact on the business yet, Stitch Fix called the spreading virus a “dynamic situation” and said “it’s reasonable to expect that we’ll see some impact.”Stitch Fix also attributed part of its weaker guidance to lower-than-expected revenue from the U.K. and the “macroeconomic climate” tied to Brexit, which has lasted longer than the company anticipated.Shares declined to a low of $11.87 after closing at $21.21 in New York. The stock has dropped 17% in the past 12 months.Stitch Fix was a pioneer in the data-driven shopping experience. Founded by Katrina Lake in 2011, the company asks customers questions about their style and sends them a box of clothes suited to their taste. Customers can send back pieces they don’t want, but get a discount if they keep all the items.The company said active clients increased 17% to 3.5 million as of Feb. 1, the end of the fiscal second quarter.Since going public more than two years ago, Stitch Fix has spent heavily to expand into new apparel categories such as kids and maternity wear, and made its first foray into the U.K. in 2019. It’s also facing increasing competition from other retailers such as Amazon.com Inc., which rolled out a similar feature for its Prime Wardrobe offering in July last year.Revenue increased 22% to $451.8 million in the quarter, just short of analysts’ average estimate. Net income declined to $11.4 million, or 11 cents a share, from $12 million, or 12 cents, in the period a year earlier.(Updates with number of active clients in the ninth paragraph.)To contact the reporter on this story: Nikitha Sattiraju in New York at email@example.comTo contact the editors responsible for this story: Molly Schuetz at firstname.lastname@example.org, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Stitch Fix (SFIX) delivered earnings and revenue surprises of 83.33% and -0.23%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?
Stitch Fix (NASDAQ: SFIX) reported quarterly earnings of 11 cents per share on Monday, which beat the analyst consensus estimate of 6 cents. This is a 8.33% decrease over earnings of 12 cents per share from the same period last year.The company reported quarterly sales of $451.8 million, which missed the analyst consensus estimate of $452.53 million by 0.16%. This is a 22.02% increase over sales of $370.28 million the same period last year.View more earnings on SFIXStitch Fix sees third-quarter sales of $465-$475 million, far below the $506 million estimate."Net revenue was $452 million, representing 22% year-over-year growth, in line with our guidance," said Stitch Fix founder and CEO Katrina Lake. "We grew active clients to 3.5 million, an increase of 17% year over year, and grew net revenue per active client by 8% year over year, our seventh consecutive quarter of growth and a reflection of our unique personalization capabilities."Stitch Fix shares were trading down 41% at $12.34 in Monday's after-hours session. The stock has a 52-week high of $37.72 and a 52-week low of $16.99.See more from Benzinga * Next Wave Of M&A: Investment Management Consolidation On The Rise * Cruise Lines Feel Coronavirus Pressure As White House Considers Ways To Deter Travel * Plunge In Oil Prices, Coronavirus Sell-Off Signal Recession, Analyst Says(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Stitch Fix Inc. shares plummeted in the extended session Monday after the online fashion service's revenue fell short of Wall Street expectations. Stitch Fix shares dropped 39% after hours to less than $14 a share. The stock has never traded lower than $14.48 in a regular trading session. Shares declined 6.9% in the regular session Monday to close at $21.21. The company reported fiscal second-quarter net income of $11.4 million, or 11 cents a share, compared with $12 million, or 12 cents a share, in the year-ago period. Revenue rose to $451.8 million from $370.3 million in the year-ago quarter, while net revenue per client rose 8% to $501. Analysts surveyed by FactSet had forecast earnings of 7 cents a share on revenue of $452.6 million and net revenue per client of $503.70.
SAN FRANCISCO, March 09, 2020 -- Stitch Fix, Inc. (NASDAQ:SFIX), the leading online personal styling service, has released its financial results for the second quarter of.
In this article we are going to estimate the intrinsic value of Stitch Fix, Inc. (NASDAQ:SFIX) by taking the expected...