353 institutions hold shares in Stitch Fix Inc. (SFIX), with 3.82M shares held by insiders accounting for 3.60% while institutional investors hold 105.23% of the company’s shares. The shares outstanding are 105.55M, and float is at 60.45M with Short Float at 15.19%. Institutions hold 101.44% of the Float.
The top institutional shareholder in the company is Baillie Gifford and Company with over 5.21 million shares valued at $306.03 million. The investor’s holdings represent 7.65% of the SFIX Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 5.19 million shares valued at $304.74 million to account for 7.61% of the shares outstanding. The other top investors are Blackrock Inc. which holds 4.35 million shares representing 6.38% and valued at over $255.54 million, while Working Capital Advisors (UK) Ltd. holds 6.01% of the shares totaling 4.1 million with a market value of $240.56 million.
Stitch Fix Inc. (NASDAQ: SFIX) is -17.86% lower on its value in year-to-date trading and has touched a low of $11.13 and a high of $113.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SFIX stock was last observed hovering at around $49.27 in the last trading session, with the day’s loss setting it -1.04% off its average median price target of $55.00 for the next 12 months. It is also 42.58% off the consensus price target high of $84.00 offered by 18 analysts, but current levels are -92.92% lower than the price target low of $25.00 for the same period.
Currently trading at $48.23, the stock is -8.94% and -32.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing -2.11% at the moment leaves the stock 7.55% off its SMA200. SFIX registered 320.86% gain for a year compared to 6-month gain of 70.48%. The firm has a 50-day simple moving average (SMA 50) of $62.01 and a 200-day simple moving average (SMA200) of $54.31.
The stock witnessed a -31.00% loss in the last 1 month and extending the period to 3 months gives it a -17.86%, and is -0.97% 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 5.84% over the week and 8.20% over the month.
Stitch Fix Inc. (SFIX) has around 8000 employees, a market worth around $5.16B and $1.81B in sales. Profit margin for the company is -5.00%. Distance from 52-week low is 333.33% and -57.60% 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 2.80, 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 -$0.27 with sales reaching $511.03M over the same period.The EPS is expected to shrink by -292.70% this year, but quarterly earnings will post 19.20% year-over-year. Quarterly sales are estimated to grow 25.70% in year-over-year returns.
Stitch Fix Inc. (SFIX) Insider Activity
A total of 282 insider transactions have happened at Stitch Fix Inc. (SFIX) in the last six months, with sales accounting for 180 and purchases happening 102 times. The most recent transaction is an insider sale by Darling Scott, the company’s Chief Legal Officer & Secr.. SEC filings show that Darling Scott sold 4,177 shares of the company’s common stock on Mar 22 at a price of $51.68 per share for a total of $0.22 million. Following the sale, the insider now owns 57226.0 shares.
Stitch Fix Inc. disclosed in a document filed with the SEC on Mar 19 that Lake Katrina (Chief Executive Officer) sold a total of 48,817 shares of the company’s common stock. The trade occurred on Mar 19 and was made at $52.47 per share for $2.56 million. Following the transaction, the insider now directly holds 0.0 shares of the SFIX stock.
Still, SEC filings show that on Mar 18, Lake Katrina (Chief Executive Officer) disposed off 43,775 shares at an average price of $53.27 for $2.33 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 508.47% up over the past 12 months. Stitch Fix Inc. (SFIX) is 320.86% up on the 1-year trading charts. Short interest in the company’s stock has risen 5.12% from the last report on Feb 11, 2021 to stand at a total of 8.71 million short shares sold with a short interest ratio of 2.76.