Short Interest in Stitch Fix, Inc. (NASDAQ:SFIX) Expands By 22.6%

Stitch Fix, Inc. (NASDAQ:SFIX) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 12,479,237 shares, an increase of 22.6% from the January 29th total of 10,179,831 shares. Approximately 11.1% of the shares of the stock are sold short. Based on an average trading volume of 1,779,128 shares, the short-interest ratio is presently 7.0 days. Based on an average trading volume of 1,779,128 shares, the short-interest ratio is presently 7.0 days. Approximately 11.1% of the shares of the stock are sold short.

Insider Activity at Stitch Fix

In other Stitch Fix news, insider Casey O’connor sold 19,347 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $5.68, for a total value of $109,890.96. Following the transaction, the insider directly owned 542,071 shares in the company, valued at approximately $3,078,963.28. This represents a 3.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Katrina Lake sold 8,835 shares of Stitch Fix stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $5.01, for a total transaction of $44,263.35. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 494,498 shares of company stock valued at $2,578,645 over the last quarter. Insiders own 16.09% of the company’s stock.

Hedge Funds Weigh In On Stitch Fix

A number of hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. boosted its position in Stitch Fix by 32.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock worth $40,000 after purchasing an additional 2,645 shares during the period. Wescott Financial Advisory Group LLC lifted its stake in shares of Stitch Fix by 30.0% during the second quarter. Wescott Financial Advisory Group LLC now owns 13,000 shares of the company’s stock worth $48,000 after purchasing an additional 3,000 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Stitch Fix by 52.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company’s stock worth $51,000 after purchasing an additional 3,329 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Stitch Fix by 32.2% in the fourth quarter. Pallas Capital Advisors LLC now owns 14,085 shares of the company’s stock worth $74,000 after buying an additional 3,428 shares during the period. Finally, State of Wyoming grew its stake in shares of Stitch Fix by 31.9% in the fourth quarter. State of Wyoming now owns 16,001 shares of the company’s stock valued at $84,000 after buying an additional 3,866 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Stitch Fix Price Performance

Shares of NASDAQ:SFIX opened at $3.19 on Thursday. The business has a 50-day moving average of $4.54 and a two-hundred day moving average of $4.70. The firm has a market capitalization of $428.10 million, a PE ratio of -19.94 and a beta of 2.30. Stitch Fix has a 12 month low of $2.60 and a 12 month high of $5.94.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Thursday, December 4th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $342.13 million for the quarter, compared to analyst estimates of $335.74 million. Stitch Fix had a negative return on equity of 14.38% and a negative net margin of 2.23%.The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.03) EPS. As a group, research analysts anticipate that Stitch Fix will post -0.44 earnings per share for the current year.

Analyst Ratings Changes

SFIX has been the topic of a number of recent analyst reports. UBS Group reduced their price target on Stitch Fix from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Stitch Fix in a research report on Thursday, January 22nd. Zacks Research cut Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Wall Street Zen downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 target price on shares of Stitch Fix in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.33.

Stitch Fix Company Profile

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.