Short Interest in Stitch Fix, Inc. (NASDAQ:SFIX) Rises By 18.3%

Stitch Fix, Inc. (NASDAQ:SFIX) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 10,360,000 shares, a growth of 18.3% from the February 13th total of 8,760,000 shares. Based on an average daily trading volume, of 3,480,000 shares, the short-interest ratio is presently 3.0 days. Approximately 9.8% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Stitch Fix during the fourth quarter valued at $29,000. Caprock Group LLC bought a new stake in Stitch Fix during the 3rd quarter valued at $33,000. Meeder Asset Management Inc. purchased a new stake in Stitch Fix during the 3rd quarter valued at $44,000. Pallas Capital Advisors LLC bought a new stake in Stitch Fix in the 4th quarter worth $46,000. Finally, Bellecapital International Ltd. purchased a new position in shares of Stitch Fix in the fourth quarter valued at about $55,000. Institutional investors own 71.04% of the company’s stock.

Stitch Fix Stock Up 1.0 %

SFIX stock opened at $3.60 on Wednesday. The stock has a 50-day simple moving average of $4.77 and a two-hundred day simple moving average of $4.08. Stitch Fix has a twelve month low of $2.06 and a twelve month high of $6.99. The firm has a market capitalization of $456.11 million, a PE ratio of -4.38 and a beta of 2.13.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The company had revenue of $312.11 million during the quarter, compared to analyst estimates of $298.04 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. Stitch Fix’s revenue was down 5.5% compared to the same quarter last year. During the same period last year, the business earned ($0.29) earnings per share. On average, equities research analysts anticipate that Stitch Fix will post -0.44 EPS for the current fiscal year.

Analyst Ratings Changes

SFIX has been the subject of several recent research reports. UBS Group lifted their price objective on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Canaccord Genuity Group increased their target price on shares of Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 price target on shares of Stitch Fix in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.50.

Stitch Fix Company Profile

Stitch Fix, Inc sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc.