Stitch Fix Set to Open at Highest Since October as Earnings Wow
- Forecast suggests momentum is sustainable, SunTrust says
- Barclays praises the e-retailer’s inventory management
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Stitch Fix Inc. shares jumped the most ever after the e-retailer reported a beat-and-raise quarter fueled by customer gains and improved inventory management.
The results made the bulls more bullish and those on the sidelines more constructive as existing clients returned and spent more. Analysts see more room to grow as Stitch Fix is set to roll out initiatives in the U.K. and the kids segment.