Stitch Fix, Inc. (NASDAQ:SFIX) Short Interest Update

by · The Markets Daily

Stitch Fix, Inc. (NASDAQ:SFIX – Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 8,110,000 shares, an increase of 23.3% from the December 15th total of 6,580,000 shares. Based on an average trading volume of 3,170,000 shares, the short-interest ratio is presently 2.6 days.

Insider Transactions at Stitch Fix

In other Stitch Fix news, Director Katrina Lake sold 725,002 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total transaction of $4,190,511.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony Bacos sold 16,720 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $4.61, for a total transaction of $77,079.20. Following the sale, the insider now directly owns 913,962 shares in the company, valued at approximately $4,213,364.82. This represents a 1.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 16.95% of the company’s stock.

Hedge Funds Weigh In On Stitch Fix

Large investors have recently added to or reduced their stakes in the business. Caprock Group LLC acquired a new position in shares of Stitch Fix during the 3rd quarter valued at about $33,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Stitch Fix in the 3rd quarter worth $36,000. Meeder Asset Management Inc. acquired a new position in Stitch Fix in the third quarter valued at $44,000. Pallas Capital Advisors LLC acquired a new position in Stitch Fix in the fourth quarter valued at $46,000. Finally, CWM LLC grew its position in Stitch Fix by 112.1% during the third quarter. CWM LLC now owns 25,175 shares of the company’s stock valued at $71,000 after acquiring an additional 13,308 shares during the period. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

Stitch Fix Stock Up 0.5 %

Shares of NASDAQ:SFIX traded up $0.03 during trading on Friday, reaching $5.26. The stock had a trading volume of 236,232 shares, compared to its average volume of 2,762,686. The stock has a market cap of $666.53 million, a P/E ratio of -6.33 and a beta of 1.99. The business has a fifty day moving average price of $4.37 and a 200-day moving average price of $3.88. Stitch Fix has a fifty-two week low of $2.06 and a fifty-two week high of $6.99.

Stitch Fix (NASDAQ:SFIX – Get Free Report) last issued its quarterly earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.09. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The company had revenue of $318.82 million during the quarter, compared to the consensus estimate of $306.88 million. During the same period in the previous year, the firm posted ($0.30) EPS. Stitch Fix’s revenue was down 12.6% on a year-over-year basis. As a group, equities analysts forecast that Stitch Fix will post -0.44 EPS for the current year.

Wall Street Analyst Weigh In

SFIX has been the topic of a number of research reports. Canaccord Genuity Group upped their price target on Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Telsey Advisory Group increased their price objective on shares of Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. Finally, UBS Group lifted their target price on shares of Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $3.96.

Check Out Our Latest Stock Report on SFIX

About Stitch Fix

(Get Free Report)

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.

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