Shares of Stitch Fix (SFIX -4.25%) were plunging after the personalized online styling service turned in disappointing results in its fiscal second quarter, missing both analyst estimates and the company's own guidance. The company also lowered its full-year guidance, adding to investor concerns. The stock was down 27.2% as of 10:38 a.m. EDT.
Full Answer
What happened to Stitch Fix stock?
Roughly an hour into trading, Stitch Fix stock had clawed back about half of its losses and was sitting at a roughly 11% decline. The truth is that this is a unique business trying to take what would typically be an in-person experience and shifting it to the web. It isn't surprising that it might require ongoing tweaking to get the model right.
Is Stitch Fix a buy for Reuben Gregg Brewer?
Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool owns and recommends Stitch Fix. The Motley Fool has a disclosure policy.
What is Stitch Fix’s Smart crib?
The company’s smart cribs have built-in baby monitors and use AI to learn the baby’s sleep patterns so they can start rocking automatically and playing soothing music when they recognize the baby is waking. In the latest trading session, Stitch Fix (SFIX) closed at $34.50, marking a -1.46% move from the previous day.
Who is the CEO of Stitch Fix?
What is the Vickers top buyer and seller report?
Is stitch fix back on Wall Street?
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What happened
Shares of Stitch Fix ( SFIX 6.91% ) lost 10.8% in value last month, according to data provided by S&P Global Market Intelligence.
So what
One reason for the flattish stock performance is its high valuation. The price-to-earnings ratio is 94, which assumes a high rate of future earnings growth . However, Stitch Fix reported a small net loss in the most recent quarter, which was a reversal of the year-ago net profit of $10.7 million.
NASDAQ: SFIX
Management blamed increased investments in marketing, talent, and expansion in the U.K. for the earnings shortfall.
Now what
In late January, one analyst upgraded the stock to a buy rating citing a few catalysts on the horizon. The analyst expects the company's initiatives in direct buying to improve engagement and grow revenue.
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Shares of the personalized online styling service fell on a weak second-quarter earnings report
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What happened
Shares of Stitch Fix ( NASDAQ:SFIX) were plunging after the personalized online styling service turned in disappointing results in its fiscal second quarter, missing both analyst estimates and the company's own guidance. The company also lowered its full-year guidance, adding to investor concerns.
So what
Stitch Fix stock had surged following its first-quarter earnings report back in December, but the company failed to deliver a repeat performance this time around.
Now what
Stitch Fix's guidance was impacted by ongoing shipping delays and its decision to wait to roll out its direct buy offering until the end of the fiscal year.
Who is the CEO of Stitch Fix?
Aiello joins Stitch Fix from Salesforce, and will report to Stitch Fix CEO Elizabeth Spaulding. She will lead the People & Culture teams across the US and the UK.
What is the Vickers top buyer and seller report?
Daily – Vickers Top Buyers & Sellers for 11/16/2021 The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.
Is stitch fix back on Wall Street?
Stitch Fix (NASDAQ: SFIX) is back in Wall Street's good graces. In a conference call, incoming CEO Elizabeth Spaulding and her team explained why they have a brighter sales and profit forecast today than they did back in March. "As client preferences began to shift in Q3, the rich insights we've collected around product and client preferences allowed us to match clients with the most-relevant and personalized items for them," Spaulding said.
Who is the CEO of Stitch Fix?
Aiello joins Stitch Fix from Salesforce, and will report to Stitch Fix CEO Elizabeth Spaulding. She will lead the People & Culture teams across the US and the UK.
What is the Vickers top buyer and seller report?
Daily – Vickers Top Buyers & Sellers for 11/16/2021 The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.
Is stitch fix back on Wall Street?
Stitch Fix (NASDAQ: SFIX) is back in Wall Street's good graces. In a conference call, incoming CEO Elizabeth Spaulding and her team explained why they have a brighter sales and profit forecast today than they did back in March. "As client preferences began to shift in Q3, the rich insights we've collected around product and client preferences allowed us to match clients with the most-relevant and personalized items for them," Spaulding said.