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

Stitch Fix, Inc. (NASDAQ:SFIX) saw a large growth in short interest in 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. Approximately 9.8% of the company’s stock are short sold. Based on an average daily volume of 3,480,000 shares, the days-to-cover ratio is currently 3.0 days.

Analyst Upgrades and Downgrades

SFIX has been the topic of a number of research reports. UBS Group upped their price target on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Canaccord Genuity Group boosted their price objective on Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 target price on shares of Stitch Fix in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, Stitch Fix has an average rating of “Hold” and an average target price of $4.50.

Institutional Trading of Stitch Fix

A number of institutional investors and hedge funds have recently modified their holdings of SFIX. SBI Securities Co. Ltd. bought a new position in Stitch Fix in the 4th quarter valued at $29,000. Caprock Group LLC purchased a new position in shares of Stitch Fix in the 3rd quarter worth about $33,000. Meeder Asset Management Inc. bought a new position in Stitch Fix during the third quarter valued at about $44,000. Pallas Capital Advisors LLC bought a new stake in Stitch Fix in the fourth quarter worth about $46,000. Finally, Bellecapital International Ltd. purchased a new position in Stitch Fix in the fourth quarter valued at about $55,000. 71.04% of the stock is owned by hedge funds and other institutional investors.

Stitch Fix Stock Up 1.0 %

Shares of Stitch Fix stock opened at $3.60 on Wednesday. Stitch Fix has a 52 week low of $2.06 and a 52 week high of $6.99. The business has a 50 day moving average price of $4.77 and a 200-day moving average price of $4.08. The company has a market cap 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 results on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The business had revenue of $312.11 million during the quarter, compared to analyst estimates of $298.04 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. Stitch Fix’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.29) EPS. As a group, research analysts anticipate that Stitch Fix will post -0.44 EPS for the current year.

About Stitch Fix

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.