Stitch Fix’s AI-powered styling has returned you 130%

Article Excerpt

Stitch Fix has gained 129.8% for our subscribers since we first recommended it in Power Growth Investor in the January 2020 issue at $25.70. The company has benefited from increased demand during the pandemic. But its business model and leading-edge technology set it up for even more gains. STITCH FIX, $59.05, is a buy. The company (Nasdaq symbol SFIX; TSINetwork Rating: Speculative) (www.stitchfix.com; Shares o/s: 71.8 million; Market cap: $6.6 billion; No dividend) is an online stylist that provides its subscribers with regular shipments of clothes, shoes and accessories—all tailored to the customer’s tastes. Relying on artificial intelligence (AI) and human stylists, it aims to save clients time and money on buying clothes matched to their shape and style. In the quarter months ended May 1, 2021, Stitch Fix’s revenue jumped 44.1%, to $535.6 million from $371.7 million a year earlier. Sales were higher due to a 20.2% increase in the number of active clients to 4.1 million One of the…

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