Stitch Fix posted a loss for its second quarter. The online styling company also lowered its full-year sales forecast .
The company’s loss for the three months ending in January was -20 cents per share, down from a profit of 11 cents over the same period. Analysts expected loss of -22 cents.
Revenues rose +11.6% year-over-year to $504.1 million.
Stitch Fix active clients rose +12% year-over-year to 3.9 million. Net revenue per active client fell -7% to $467.00.
Stitch Fix also said it would delay the rollout of its direct buy platform until later in the year. This decision that will impact current quarter and full year sales.
For the fiscal third quarter, Stitch Fix is expecting net sales of $505 million to $515 million (growth of 36% to 39%), and an adjusted loss before interest, taxes, depreciation and amortization of $5 million to $9 million. According to executives, it’s been a “mixed bag” on shipping and processing delays so far in February, and they expect this to continue through the rest of the fiscal third quarter.
Looking further ahead, the company now expects revenue to grow 18% to 20% for the full fiscal year 2021, down from its prior outlook of 20% to 25%. Analysts were expecting revenue growth of 22.6% for the fiscal year.
SFIX moved above its 50-day moving average on November 01, 2024 date and that indicates a change from a downward trend to an upward trend. In of 34 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on October 15, 2024. You may want to consider a long position or call options on SFIX as a result. In of 101 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SFIX just turned positive on October 14, 2024. Looking at past instances where SFIX's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for SFIX crossed bullishly above the 50-day moving average on November 06, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SFIX advanced for three days, in of 276 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 192 cases where SFIX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for SFIX moved out of overbought territory on November 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SFIX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SFIX broke above its upper Bollinger Band on November 04, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SFIX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.490) is normal, around the industry mean (3.843). P/E Ratio (0.000) is within average values for comparable stocks, (106.594). SFIX's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.444). SFIX has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.028). P/S Ratio (0.208) is also within normal values, averaging (1.249).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SFIX’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of subscription-based personal shopping and delivery services for women's clothing
Industry ApparelFootwearRetail