|Bid||26.31 x 800|
|Ask||26.71 x 3100|
|Day's Range||25.77 - 26.72|
|52 Week Range||16.99 - 37.72|
|Beta (5Y Monthly)||3.31|
|PE Ratio (TTM)||105.26|
|Earnings Date||Dec 08, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||30.54|
Yahoo Finance's Brian Sozzi sits down with Stitch Fix COO Mike Smith at the National Retail Federation 2020 Expo to discuss the online retail industry and growth expectations for the personal shopping company.
Rockets of Awesome CEO Rachel Blumenthal joins Yahoo Finance's On The Move to discuss how direct to consumer brands are disrupting fashion.
If the meteoric rise in Tesla (NASDAQ:TSLA) stock has taught investors anything over the past six months, it is to respect the power of a short squeeze.During that stretch, Tesla stock has more than tripled -- an unusually rapid rise for a stock of its size -- as the long term growth outlook for the electric vehicle maker dramatically improved amid Model 3 production ramp, falling costs, rising margins, completion of the Chinese Gigafactory and strong early consumer reception for the Model Y and Cybertruck.Not coincidentally, as Tesla stock has more than tripled amid all these favorable developments, short interest in the stock has fallen dramatically, with the percent of the float that is short dropping from 30% to 20%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn other words, a big part of this Tesla rally has been fueled by a bunch of traders rushing to cover their short positions, as it has become obvious that the short thesis on Tesla is not as credible as it once was.This isn't terribly unusual. When heavily shorted stocks like Tesla do announce good news, shorts rush to cover, sparking what's known as a "short squeeze", and the heavily shorted stock pops as all those short-sellers become buyers. * 7 Utility Stocks to Buy That Offer Juicy Dividends What other heavily shorted stocks could follow in Tesla's footsteps and pop on a short squeeze over the next six months? Let's answer that question -- and more -- by taking a deep look at some attractive yet heavily shorted stocks. Short Squeeze Stocks to Pop: Tesla (TSLA)% of Float that is Short: 20%Source: Ivan Marc / Shutterstock.com Interestingly enough, the short squeeze in Tesla stock may not be over, and that may explain why this stock keeps shooting to new highs every single day.Despite the meteoric rise in shares, about 20% of the Tesla float still remains short. That's a huge number. That means that about one of every five publicly available shares is betting against the company. And that's after the stock skyrocketed to $800.In essence, the still-huge short interest in Tesla stock is a factor of some high-conviction shorts doubling down on their bets as the stock price has gone up. But many of these high-conviction short-sellers are fund managers, and if their Tesla short positions continue to weigh on performance, they may be forced to close them, which would lead to a bunch of covering and more short squeezing.Could it happen? Could more short squeezing push Tesla stock above $1,000? Perhaps. The company has a lot of momentum right now. Given catalysts such as international expansion and Model Y launch on the horizon, it's quite likely the company sustains this momentum. If they do, shorts may rush to cover, and Tesla stock will go even higher. Stitch Fix (SFIX)% of Float that is Short: 42%Source: Sharaf Maksumov / Shutterstock.com Online personalized styling service Stitch Fix (NASDAQ:SFIX) is one of the most hated growth stocks on Wall Street, with more than 40% of the company's publicly available shares sold short.But, I think this hate is undeserved. After all, Stitch Fix has a very bright future in the retail world.Long story short, Stitch Fix makes apparel shopping easier, more efficient and more convenient (customer answers a few questions online, Stitch Fix's stylists learn the customer's style and then Stitch Fix sends the customer personally tailored and curated clothes) for a price (they charge a fee for providing these styling services). The "for a price" part inherently limits Stitch Fix's addressable market. Not everyone has the extra change to pay for a personal stylist.But, the "making everything easier" part is why Stitch Fix will grow nicely in upper-income verticals. In those verticals, time is arguably more valuable than money, and saving on the hassle of having to fight crowds at retail stores and pick out clothes that fit is worth a few extra bucks. Also of note: Stitch Fix has professional stylists. Most consumers aren't professional stylists. So, Stitch Fix will probably deliver not just quicker, but also better outcomes than picking out clothes yourself. * 7 Utility Stocks to Buy That Offer Juicy Dividends Because of this, Stitch Fix will continue to grow at a healthy pace over the next several years. As they do, shorts will find their backs against the wall. They will rush to cover, and this will provide extra juice for a Stitch Fix rally. Plug Power (PLUG)% of Float that is Short: 25%Source: Shutterstock Hydrogen fuel cell (HFC) maker Plug Power (NASDAQ:PLUG) has been on a huge run lately, with shares up 200% over the past year alone. But traders are betting that this rally will run out of steam, as short interest in the stock has climbed from 17.5% a year ago to 25% today.The short trade is pretty simple. HFC cars have, time and time again, failed to gain mainstream traction, for various reasons ranging from safety hazards to lack of charging infrastructure. Now that plug-in electric batteries are better than ever, it's less likely than ever than HFC cars gain traction. As HFC cars continue to struggle with adoption, Plug Power stock will give back its 2019 gains.But this short thesis misses a huge point. That is, the Plug Power growth narrative today isn't about consumers buying and driving more HFC cars. It's about big companies buying more HFC forklifts in their warehouses.And that's exactly what they're doing. HFC forklifts have significant cost-saving and space-saving advantages over electric forklifts because they last longer, run at full power longer, don't need much maintenance and don't require a ton of storage space. Corporations are finally starting to realize that they can cut costs and improve efficiency with HFC forklifts, and as they do, more of them are signing big contracts with Plug Power.Over the next few years, Plug Power will keep on boarding new big customers, while current customers will up their spend on HFC forklifts. This double tailwind will freak shorts out. They will rush to cover, and this covering will provide a meaningful lift to PLUG stock. Express (EXPR)% of Float that is Short: 27%Source: Helen89 / Shutterstock.com A lot of traders are betting against struggling mall teen retailer Express (NYSE:EXPR), and who can blame them? After all, mall retail has been a losing game. So has teen apparel retail. Express operates in the overlap of those two industries, and the numbers here speak for themselves.For the past few years, Express has suffered steady drops in comparable sales, revenues, margins, profits and its stock price.But a turnaround could be coming, which would fuel a massive short squeeze in Express stock.Specifically, Express management recently unveiled a turnaround plan focused on slimming down and cutting costs. In order to do that, management is going to close about 100 stores and focus investment and marketing dollars into its remaining stores.In theory, it's a smart move. Shutting down under-performing stores and remodeling over-performing stores should dramatically increase sales per square foot. At the same time, it shouldn't have any impact on expenses per square foot. Higher sales per square foot on stable expenses per square foot leads to positive operating leverage, profit margin expansion and bigger profits. * 7 Utility Stocks to Buy That Offer Juicy Dividends Is that how things will play out? Maybe, maybe not. But if it does, shorts will be scared, since at 0.1-times trailing sales, EXPR stock is priced for extinction. If shorts get scared, they'll rush to cover. If they rush to cover, then a huge short squeeze could push Express stock meaningfully higher. Beyond Meat (BYND)% of Float that is Short: 21%Source: Sundry Photography / Shutterstock.com Plant-based meat maker Beyond Meat (NASDAQ:BYND) has been one of the hottest stocks in the market. It has also been one of the most heavily shorted stocks in the market. As of this writing, more than 20% of the float is short.The short thesis here is almost purely centered around valuation. Bears don't get how Beyond Meat is a $6.5 billion company, with only $300 million in projected sales this year. They think the valuation is all hype. Hype doesn't last, so why not bet against it?But this short thesis lacks scope. In the big picture, plant-based meat today, is where electric vehicles were five to ten years ago, and Beyond Meat is the Tesla of the plant-based meat space. That is, plant-based meat is the future of meat consumption, because it's more cost-efficient in the long run (like electric vehicles are most cost-efficient in the long run) and it's environmentally friendly (like electric vehicles are environmentally friendly). Thus, while plant-based meat represents a fraction of the global meats market today, it's penetration into the market will only rise exponentially and to significant levels.Even further, Beyond Meat is the brand in plant-based meat, much like Tesla is the brand in electric vehicles. The bigger Beyond Meat gets, the further they establish themselves as the brand. The more they establish themselves as the brand, the bigger they get. This virtuous growth cycle is what will enable Beyond Meat to be the biggest player in the huge plant-based meat market in a decade.In other words, much like Tesla, Beyond Meat will prove the bears wrong in the long run. We've all seen what has happened with Tesla stock over the past decade. A similar dynamic could play out with Beyond Meat stock over the next decade. Bed Bath & Beyond (BBBY)% of Float that is Short: 68%Source: Shutterstock To nearly no one's surprise, another one of the most heavily shorted stocks in the market is that of struggling department store operator Bed Bath & Beyond (NASDAQ:BBBY).In a nutshell, the emergence of Amazon (NASDAQ:AMZN) and e-commerce have significantly disrupted Bed Bath & Beyond's operations. The company has struggled to adjust. Traffic, sales and profits have all dropped, as has the stock price. Most traders are betting on the idea that all of this will continue until Bed Bath & Beyond dives into the retail graveyard.But there's reason to believe that these trends won't continue, and that reason is Mark Tritton.Mark Tritton was the Chief Merchandising Officer over at Target (NYSE:TGT). He was instrumental in turning that sinking retail ship into a red hot one through an impressive omni-channel transformation. Now he's the Chief Executive Officer at Bed Bath & Beyond, and he's trying to do the same thing he did at Target over at Bed Bath & Beyond.Early data suggests that this omni-channel transformation is working. Ex timing shifts, comparable sales in the third quarter were down only 3.6% -- the least negative comparable sales drop the company has reported this year. Further, Bed Bath & Beyond's Black Friday through Cyber Monday weekend comparable sales were up 7.1%, including a double-digit increase in the digital channel.These favorable trends should continue in 2020, when management will continue with this omni-channel transformation, starting with a full roll out of "Buy-Online, Pick-Up-In-Store" capability in the first half of 2020. * 7 Utility Stocks to Buy That Offer Juicy Dividends If these favorable trends do continue, shorts will get scared. They will rush to cover, and Bed Bath & Beyond stock will pop on a big short squeeze. Wayfair (W)% of Float that is Short: 43%Source: Jonathan Weiss / Shutterstock.com Furniture e-retailer Wayfair (NYSE:W) has never had a problem with growing its top-line. Over the past several quarters and years, Wayfair has sustained impressive 20%-plus revenue growth as the company has benefited from a secular consumption shift towards online shopping.But, Wayfair has always had a problem with profitability. That is, the company has never struck a profit, and likely won't any time soon. This lack of profitability is why over 40% of Wayfair's float is short.Sure, if Wayfair never strikes a sizable profit, the shorts will be right, and Wayfair stock will sink.But, I don't think that's likely to happen. Instead, this feels like an Amazon situation. That is, much like Amazon did in the early days, Wayfair is running at slim margins right now to keep prices low and gain significant market share in the furniture retail world. At some point, Amazon gained enough scale where those low prices were actually high enough to generate a profit. From there, Amazon's profits grew by leaps and bounds.Given the sector shift towards online shopping, it's likely that Wayfair gets to that point sometime soon. Once they do, profits will start growing quickly, shorts will start covering in bulk, and Wayfair stock will shoot higher.As of this writing, Luke Lango was long SFIX, PLUG, BYND, and BBBY. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Utility Stocks to Buy That Offer Juicy Dividends * 10 Gold and Silver Stocks to Profit Off 2020's Fear Trade * 3 Top Companies That Should Be More Careful With Your Data The post 7 Heavily Shorted Stocks That Could Pop on a Short Squeeze appeared first on InvestorPlace.
SAN FRANCISCO, Feb. 04, 2020 -- Stitch Fix, Inc. (NASDAQ: SFIX), the leading online personal styling service, today announced that Katrina Lake, founder and CEO of Stitch Fix,.
Stitch Fix, Inc. (SFIX), the leading online personal styling service, today announced that effective January 27, 2020, the compensation committee of the company’s board of directors granted Elizabeth Spaulding, President, the option to purchase 714,903 shares of the company’s Class A common stock, at a per share exercise price of $22.26, and restricted stock units to acquire 318,598 shares of the company’s Class A common stock. The stock options vest over four years, with one eighth of the shares vesting on the six-month anniversary of Ms. Spaulding’s start date and the remainder vesting in equal monthly installments thereafter, subject to Ms. Spaulding’s continued service on each vesting date. The restricted stock units vest over four years, with one eighth of the shares vesting on September 16, 2020, and the remainder vesting in equal quarterly installments thereafter, subject to Ms. Spaulding’s continued service on each vesting date.
Scotia Global Asset Management announces January 2020 cash distribution for Scotia Strategic Fixed Income ETF Portfolio
We believe investing is smart because history shows that stock markets go higher in the long term. But if you choose...
In a short squeeze, traders who have sold a stock short are forced to scramble. A rising share price leads those short sellers to buy shares to cover their positions. That demand can lead to a spiral higher: more shorts look to cover or face margin calls, leading to more buys and an even higher price.The most famous short squeeze in recent years -- and maybe ever -- actually was engineered by Porsche (OTCMKTS:POAHY). In 2008, amid the financial crisis, Porsche used derivatives to corner the market in Volkswagen (OTCMKTS:VWAGY). The short squeeze was so intense that Volkswagen briefly became the world's most valuable company.Most squeezes are more rudimentary in nature, simply adding to potential gains as good news arrives. Recent rallies in Tesla (NASDAQ:TSLA), Nio (NYSE:NIO), and Luckin Coffee (NYSE:LK) likely all have been boosted by short squeezes, even if fundamental factors have contributed as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere are more names out there that could benefit from such a squeeze, including the following three stocks. But it's important to remember that short squeezes aren't necessarily long-term catalysts and that high short interest alone doesn't make a stock a buy. Shorts, after all, get it right sometimes. Squeezes can't and don't come if a stock doesn't make a fundamental move higher. * 10 Cheap Stocks to Buy Under $10 Indeed, these three stocks aren't guaranteed to see a squeeze. But the potential exists. Shorts are betting heavily against these stocks and good news could be on the way. Tanger Factory Outlet (SKT)Real estate investment trust Tanger Factory Outlet (NYSE:SKT) could see a squeeze driven not by performance, but by market factors. SKT stock has declined over 60% from late 2016 highs. But its dividend has held up, in fact seeing raises in each of the last three years.Source: Ritu Manoj Jethani / Shutterstock.com That combination has increased SKT's dividend yield to over 9%. Meanwhile, the SPDR S&P Dividend ETF (NYSEARCA:SDY) is based on an index that weights its components by dividend yield. And so as SKT stock has fallen, the ETF has acquired more shares. At the moment, SDY owns 20.7 million Tanger shares -- over 22% of the company.There's another problem, as Bloomberg's Matt Levine detailed last week (others have noted key parts of the story as well). SDY has a fund rule that it can't own a stock with a market capitalization under $1.5 billion. Tanger is under that line at the moment, with a market cap of $1.43 billion. And so the ETF likely has to exit the stake in its entirety by Jan. 31. That forced selling would swamp existing demand for shares, and potentially could send SKT stock down even further.But there's a catch, as Levine noted on Thursday via Bloomberg Intelligence. Fund sponsor State Street has to call in the shares it's lent to short sellers, which actually could create a squeeze. SKT stock gained 10% on Jan. 8, perhaps in anticipation of that squeeze, though it has receded since.Trading SKT in the near term seems best for those with experience, as the stock likely will be volatile. But with a stunning 58% of the float sold short, there's real potential for a squeeze. Meanwhile, Tanger's dividend yield and low valuation relative to FFO (funds from operations) make it an intriguing value play, as Aaron Levitt argued last year. The next two weeks will be eventful and could present an opportunity. Restoration Hardware (RH)Source: Andriy Blokhin / Shutterstock.com Furniture retailer RH (NYSE:RH) seemingly has made sport of targeting short sellers in the past few years. The company has used buybacks, including accelerated repurchases, to drive its share price higher.Performance has been impressive as well: adjusted EPS increased 180% in fiscal 2018 (ending early February 2019) and is guided up 46-48% in fiscal 2019. Buybacks have driven some of that growth, but RH also has seen steady revenue increases and expanding margins. * 7 Small-Cap Stocks That Are Not Worth a Second Glance But short sellers haven't given up on the trade. Over 34% of the float remains sold short. That seems unwise. RH still trades at a reasonable 16x forward price-to-earnings multiple. Berkshire Hathaway (NYSE:BRK.A,NYSE:BRK.B) has taken a 6.5% stake in the company. And history suggests the short side is the wrong side of this trade. Fourth quarter earnings, likely arriving in late March, could be the next catalyst for yet another squeeze. Stitch Fix (SFIX)Source: Sharaf Maksumov / Shutterstock.com Stitch Fix (NASDAQ:SFIX) has a little over 42% of its float sold short at the moment. That figure is inflated somewhat by the fact that only about 53% of shares outstanding trade freely, but that thin float can help catalyze a squeeze.And SFIX stock does seem like the type of name that could catch a bid in this market. So far, it hasn't: shares actually are down over the past eighteen months. But it's a growth name with an attractive valuation on a price-to-revenue basis. A 2020 sales target of $2 billion suggests a barely 1x multiple, backing out the company's cash on hand (Stitch Fix has no debt). Stitch Fix isn't cheap on a profit basis, at 100x 2020 consensus earnings per share estimates, but it has the ability to grow into that valuation if the top line cooperates.The high short interest admittedly suggests many traders see that revenue growth decelerating. But the bull case here is simple: if Stitch Fix meets its targets, SFIX stock likely rises. It could rise even faster than it otherwise might, as shorts are forced to cover.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 7 Earnings Reports to Watch Next Week * 7 5G Stocks to Connect Your Portfolio To The post 3 Stocks That Could See a Short Squeeze appeared first on InvestorPlace.
The charts and indicators of the online personalized apparel retailer look constructive enough to approach the stock from the long side.
Stitch Fix sends customers clothes on a monthly basis while attempting to eliminate a major headache of not only selecting clothes they like, but getting the size right, Lake said Wednesday in a "Mad Money" interview. Stitch Fix uses data science to better understand each customer's unique preferences to better find clothes they love. Stitch Fix also adds a human element to the process through stylists and fashion experts, the CEO said.
Stitch Fix President and Chief operating officer Mike Smith tells Yahoo Finance the company is on track to hit $2 billion in sales in 2020.
Retailers best do a better job of embracing technology in the next decade than they did in the past 10 years. Yahoo Finance speaks with Microsoft CEO Satya Nadella about the future of retail.
Rockets of Awesome CEO Rachel Blumenthal on how her direct to consumer brand was able to clear the noise and reach the masses.
Increasing competition is pushing fashion biggies to adopt superior tech and innovative business models, meeting consumer expectations' and offering ample room for stocks to run.
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included the electric vehicle leader and the result of a re-merger. Bearish calls also included entertainment ...
By 2050, if nothing is accomplished on the sustainability front, the textile industry will be using 300 million tons of oil, making the sector a major emitter of greenhouse gases