Stitch Fix Inc. [NASDAQ: SFIX] loss -5.99% on the last trading session, reaching $5.02 price per share at the time. The company report on August 23, 2022 that Stitch Fix Announces Date for Fourth Quarter and Full Fiscal Year 2022 Earnings Release and Conference Call.
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Stitch Fix, Inc. (NASDAQ: SFIX), the world’s leading online personalized shopping and styling experience, today announced that it will release financial results for its fourth quarter and full fiscal year 2022 ended July 30, 2022 after market close on Tuesday, September 20, 2022 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 Elizabeth Spaulding, CEO and Dan Jedda, CFO. 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 5357876.
A telephonic replay will be available through Tuesday, September 27, 2022 at 888-203-1112 or 719-457-0820, passcode 5357876. A replay of the webcast will also be available at https://investors.stitchfix.com.
Stitch Fix Inc. represents 108.76 million in outstanding shares, while the company has a total market value of $587.09 million with the latest information. SFIX stock price has been found in the range of $5.02 to $5.42.
If compared to the average trading volume of 4.19M shares, SFIX reached a trading volume of 3601471 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Stitch Fix Inc. [SFIX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SFIX shares is $7.72 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SFIX stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
MKM Partners have made an estimate for Stitch Fix Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 28, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Underweight. The new note on the price target was released on July 22, 2022, representing the official price target for Stitch Fix Inc. stock.
The Average True Range (ATR) for Stitch Fix Inc. is set at 0.57, with the Price to Sales ratio for SFIX stock in the period of the last 12 months amounting to 0.27. The Price to Book ratio for the last quarter was 1.40, with the Price to Cash per share for the same quarter was set at 2.01. Price to Free Cash Flow for SFIX in the course of the last twelve months was 9.23 with Quick ratio for the last quarter at 1.00.
Trading performance analysis for SFIX stock
Stitch Fix Inc. [SFIX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.06. With this latest performance, SFIX shares dropped by -20.19% in over the last four-week period, additionally sinking by -60.25% over the last 6 months – not to mention a drop of -88.02% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SFIX stock in for the last two-week period is set at 36.72, with the RSI for the last a single of trading hit 30.59, and the three-weeks RSI is set at 39.95 for Stitch Fix Inc. [SFIX]. The present Moving Average for the last 50 days of trading for this stock 6.08, while it was recorded at 5.47 for the last single week of trading, and 11.99 for the last 200 days.
Stitch Fix Inc. [SFIX]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Stitch Fix Inc. [SFIX] shares currently have an operating margin of -3.06 and a Gross Margin at +43.67. Stitch Fix Inc.’s Net Margin is presently recorded at -0.42.
Return on Total Capital for SFIX is now -10.95, given the latest momentum, and Return on Invested Capital for the company is -1.58. Return on Equity for this stock declined to -2.06, with Return on Assets sitting at -1.12. When it comes to the capital structure of this company, Stitch Fix Inc. [SFIX] has a Total Debt to Total Equity ratio set at 31.97. Additionally, SFIX Total Debt to Total Capital is recorded at 24.22, with Total Debt to Total Assets ending up at 17.99. Long-Term Debt to Equity for the company is recorded at 26.39, with the Long-Term Debt to Total Capital now at 20.00.
Reflecting on the efficiency of the workforce at the company, Stitch Fix Inc. [SFIX] managed to generate an average of -$788 per employee. Receivables Turnover for the company is 151.90 with a Total Asset Turnover recorded at a value of 2.65.Stitch Fix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.70.
Stitch Fix Inc. [SFIX]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SFIX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Stitch Fix Inc. go to 29.60%.
An analysis of insider ownership at Stitch Fix Inc. [SFIX]
There are presently around $386 million, or 92.80% of SFIX stock, in the hands of institutional investors. The top three institutional holders of SFIX stocks are: WORKING CAPITAL ADVISORS (UK) LTD. with ownership of 11,979,753, which is approximately 0% of the company’s market cap and around 4.90% of the total institutional ownership; VANGUARD GROUP INC, holding 7,601,912 shares of the stock with an approximate value of $38.16 million in SFIX stocks shares; and BLACKROCK INC., currently with $35.34 million in SFIX stock with ownership of nearly 11.346% of the company’s market capitalization.
Positions in Stitch Fix Inc. stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 101 institutional holders increased their position in Stitch Fix Inc. [NASDAQ:SFIX] by around 15,394,140 shares. Additionally, 104 investors decreased positions by around 11,286,155 shares, while 43 investors held positions by with 50,137,162 shares. The mentioned changes placed institutional holdings at 76,817,457 shares, according to the latest SEC report filing. SFIX stock had 30 new institutional investments in for a total of 3,474,507 shares, while 39 institutional investors sold positions of 6,164,335 shares during the same period.