Stitch Fix Inc’s Quiet Period Set To End Tomorrow (NASDAQ:SFIX)

Stitch Fix’s (NASDAQ:SFIX) quiet period is set to end on Wednesday, December 27th. Stitch Fix had issued 8,000,000 shares in its public offering on November 17th. The total size of the offering was $120,000,000 based on an initial share price of $15.00. During Stitch Fix’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

A number of equities analysts recently weighed in on SFIX shares. Piper Jaffray Companies set a $29.00 price target on Stitch Fix and gave the company a “buy” rating in a research report on Wednesday, December 20th. Barclays started coverage on Stitch Fix in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $26.00 price target for the company. Stifel Nicolaus increased their price target on Stitch Fix from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Wednesday, December 20th. JPMorgan Chase & Co. started coverage on Stitch Fix in a research report on Tuesday, December 12th. They issued a “neutral” rating and a $25.00 price target for the company. Finally, Goldman Sachs Group started coverage on Stitch Fix in a research report on Tuesday, December 12th. They issued a “neutral” rating and a $23.00 price target for the company. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $25.83.

Shares of Stitch Fix (NASDAQ:SFIX) opened at $24.62 on Tuesday. Stitch Fix has a 1 year low of $14.48 and a 1 year high of $25.98.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Tuesday, December 19th. The company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. The business had revenue of $295.60 million for the quarter, compared to analyst estimates of $294.97 million. The business’s revenue was up 25.3% on a year-over-year basis.

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