Stitch Fix Inc (NASDAQ:SFIX) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 12,434,000 shares, an increase of 19.0% from the June 15th total of 10,446,900 shares. Currently, 31.7% of the shares of the stock are sold short. Based on an average daily volume of 2,750,000 shares, the short-interest ratio is presently 4.5 days.

Several equities research analysts have commented on SFIX shares. JPMorgan Chase & Co. set a €49.00 ($56.98) price objective on Deutsche Wohnen and gave the stock a “buy” rating in a research note on Thursday, June 6th. Royal Bank of Canada cut their price objective on Stitch Fix from $52.00 to $43.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Stifel Nicolaus lowered Viveve Medical from a “buy” rating to a “hold” rating and cut their price objective for the stock from $3.00 to $1.00 in a research note on Monday, July 22nd. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of ACADIA Pharmaceuticals in a research note on Monday, July 1st. Finally, Zacks Investment Research lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, June 8th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $35.50.

In other Stitch Fix news, insider Scott Darling sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $27.08, for a total transaction of $54,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mike C. Smith sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $30.26, for a total value of $453,900.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,032,037 shares of company stock valued at $29,723,567. 56.97% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in Stitch Fix in the second quarter valued at approximately $358,000. Trustcore Financial Services LLC acquired a new position in Stitch Fix in the second quarter valued at approximately $69,000. Texas Yale Capital Corp. acquired a new position in Stitch Fix in the second quarter valued at approximately $202,000. Joseph P. Lucia & Associates LLC acquired a new position in Stitch Fix in the second quarter valued at approximately $304,000. Finally, Commonwealth Equity Services LLC lifted its holdings in Stitch Fix by 40.7% in the second quarter. Commonwealth Equity Services LLC now owns 42,073 shares of the company’s stock valued at $1,345,000 after acquiring an additional 12,168 shares during the last quarter. Hedge funds and other institutional investors own 29.24% of the company’s stock.

Shares of SFIX stock traded up $0.45 during trading hours on Friday, reaching $27.52. The company had a trading volume of 2,402,245 shares, compared to its average volume of 3,203,867. The stock has a fifty day simple moving average of $29.47. The firm has a market cap of $2.73 billion, a P/E ratio of 70.56, a price-to-earnings-growth ratio of 3.73 and a beta of 3.24. Stitch Fix has a 12-month low of $16.05 and a 12-month high of $52.44.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.10. The business had revenue of $409.00 million during the quarter, compared to analyst estimates of $395.06 million. Stitch Fix had a return on equity of 13.77% and a net margin of 3.27%. The business’s revenue was up 29.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. On average, sell-side analysts anticipate that Stitch Fix will post 0.32 EPS for the current year.

Stitch Fix Company Profile

Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc in October 2011.

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