284 institutions hold shares in Stitch Fix Inc. (SFIX), with 4.02M shares held by insiders accounting for 3.84% while institutional investors hold 98.09% of the company’s shares. The shares outstanding are 104.14M, and float is at 60.45M with Short Float at 15.80%. Institutions hold 94.33% of the Float.
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The top institutional shareholder in the company is Jackson Square Partners, LLC with over 7.67 million shares valued at $208.16 million. The investor’s holdings represent 12.20% of the SFIX Shares outstanding. As of Dec 30, 2020, the second largest holder is Baillie Gifford and Company with 5.21 million shares valued at $306.03 million to account for 8.29% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 4.61 million shares representing 7.32% and valued at over $124.95 million, while Blackrock Inc. holds 6.92% of the shares totaling 4.35 million with a market value of $255.54 million.
Stitch Fix Inc. (NASDAQ: SFIX) is 27.33% higher on its value in year-to-date trading and has touched a low of $10.90 and a high of $113.76 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SFIX stock was last observed hovering at around $79.62 in the last trading session, with the day’s loss setting it -4.85% off its average median price target of $54.00 for the next 12 months. It is also 21.29% off the consensus price target high of $95.00 offered by 18 analysts, but current levels are -199.08% lower than the price target low of $25.00 for the same period.
Currently trading at $74.77, the stock is -14.20% and 0.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.9 million and changing -6.09% at the moment leaves the stock 89.70% off its SMA200. SFIX registered 154.58% gain for a year compared to 6-month gain of 210.64%. The firm has a 50-day simple moving average (SMA 50) of $79.32 and a 200-day simple moving average (SMA200) of $46.95.
The stock witnessed a -8.92% loss in the last 1 month and extending the period to 3 months gives it a 114.06%, and is -12.10% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.83% over the week and 9.89% over the month.
Stitch Fix Inc. (SFIX) has around 8000 employees, a market worth around $7.56B and $1.76B in sales. Profit margin for the company is -3.30%. Distance from 52-week low is 585.96% and -34.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.50%).
Stitch Fix Inc. (SFIX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Stitch Fix Inc. (SFIX) is a “Hold”. 18 analysts offering their recommendations for the stock have an average rating of 2.70, where 8 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Stitch Fix Inc. is expected to release its quarterly report on 06/10/2021 and quarterly earnings per share for the current quarter are estimated at -$0.22 with sales reaching $512.37M over the same period.The EPS is expected to shrink by -292.70% this year, but quarterly earnings will post 22.70% year-over-year.
Stitch Fix Inc. (SFIX) Insider Activity
A total of 238 insider transactions have happened at Stitch Fix Inc. (SFIX) in the last six months, with sales accounting for 140 and purchases happening 98 times. The most recent transaction is an insider sale by Smith Mike C., the company’s Director. SEC filings show that Smith Mike C. sold 40,000 shares of the company’s common stock on Feb 16 at a price of $84.61 per share for a total of $3.38 million. Following the sale, the insider now owns 47356.0 shares.
Stitch Fix Inc. disclosed in a document filed with the SEC on Jan 21 that Lake Katrina (Chief Executive Officer) sold a total of 43,778 shares of the company’s common stock. The trade occurred on Jan 21 and was made at $81.88 per share for $3.58 million. Following the transaction, the insider now directly holds 0.0 shares of the SFIX stock.
Still, SEC filings show that on Jan 20, Lake Katrina (Chief Executive Officer) disposed off 43,775 shares at an average price of $83.88 for $3.67 million. The insider now directly holds 0 shares of Stitch Fix Inc. (SFIX).
Stitch Fix Inc. (SFIX): Who are the competitors?
The company’s main competitors (and peers) include L Brands Inc. (LB) that is trading 110.84% up over the past 12 months. Stitch Fix Inc. (SFIX) is 154.58% up on the 1-year trading charts. Short interest in the company’s stock has fallen -107.54% from the last report on Dec 30, 2020 to stand at a total of 19.82 million short shares sold with a short interest ratio of 2.43.