3 Reasons Stitch Fix Stock Is Still a Bargain
Stitch Fix (NASDAQ: SFIX) was an incredibly resilient apparel company during the pandemic last year, and shareholders were rewarded with a more-than-200% return over the course of the last trailing 12-month stretch -- that is, up until Stitch Fix reported on its fiscal 2021 second quarter (the three months ended Jan. 30, 2021). Lowered guidance for the fiscal year sent share prices retreating some 30% immediately following the report, building on the losses endured during a general sell-off in tech stocks in recent weeks.
Despite the recent results, this company remains a growth story, and one that looks like a long-term value given the strength Stitch Fix is displaying despite difficult times. Here are three reasons why.
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Source Fool.com
