Stitch Fix, Inc. (NASDAQ:SFIX) Short Interest Up 22.6% in February

Stitch Fix, Inc. (NASDAQ:SFIX) was the target of a large increase in short interest in 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. Based on an average trading volume of 1,779,128 shares, the short-interest ratio is presently 7.0 days. Currently, 11.1% of the company’s shares are short sold. Currently, 11.1% of the company’s shares are short sold. Based on an average trading volume of 1,779,128 shares, the short-interest ratio is presently 7.0 days.

Analyst Ratings Changes

A number of research analysts have commented on SFIX shares. Weiss Ratings restated a “sell (d-)” rating on shares of Stitch Fix in a research note on Thursday, January 22nd. Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a report on Monday, December 1st. UBS Group dropped their price objective on Stitch Fix from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday. Wall Street Zen downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Zacks Research lowered shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.33.

Insider Buying and Selling

In other Stitch Fix news, Director Katrina Lake sold 8,835 shares of Stitch Fix stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $5.01, for a total transaction of $44,263.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David Aufderhaar sold 24,114 shares of Stitch Fix stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $5.13, for a total transaction of $123,704.82. Following the sale, the chief financial officer directly owned 1,251,862 shares in the company, valued at approximately $6,422,052.06. The trade was a 1.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 494,498 shares of company stock worth $2,578,645. Insiders own 16.09% of the company’s stock.

Institutional Trading of Stitch Fix

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in shares of Stitch Fix in the 3rd quarter valued at approximately $32,000. Farther Finance Advisors LLC lifted its holdings 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 during the period. First Dallas Securities Inc. purchased a new position in Stitch Fix in the 2nd quarter valued at $37,000. Ameritas Investment Partners Inc. raised 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 buying an additional 2,645 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Stitch Fix by 324.6% during the 4th quarter. Royal Bank of Canada now owns 10,998 shares of the company’s stock worth $57,000 after buying an additional 8,408 shares during the last quarter. 71.04% of the stock is owned by hedge funds and other institutional investors.

Stitch Fix Price Performance

Shares of SFIX traded down $0.07 during mid-day trading on Tuesday, reaching $3.17. 2,137,077 shares of the company’s stock were exchanged, compared to its average volume of 2,057,517. The business’s fifty day simple moving average is $4.61 and its 200-day simple moving average is $4.72. Stitch Fix has a 52-week low of $2.60 and a 52-week high of $5.94. The stock has a market capitalization of $425.41 million, a PE ratio of -19.81 and a beta of 2.31.

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

About Stitch Fix

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.