Fuller & Thaler Asset Management Inc. Makes New Investment in Stitch Fix, Inc. (NASDAQ:SFIX)

Fuller & Thaler Asset Management Inc. purchased a new position in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 82,060 shares of the company's stock, valued at approximately $354,000. Fuller & Thaler Asset Management Inc. owned about 0.06% of Stitch Fix as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Cooper Creek Partners Management LLC grew its position in Stitch Fix by 1,405.2% during the fourth quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company's stock valued at $18,418,000 after acquiring an additional 3,989,362 shares during the period. Norges Bank purchased a new position in shares of Stitch Fix in the fourth quarter valued at $3,183,000. Vanguard Group Inc. increased its stake in Stitch Fix by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company's stock worth $27,882,000 after buying an additional 457,568 shares during the period. JPMorgan Chase & Co. lifted its holdings in Stitch Fix by 149.5% in the 4th quarter. JPMorgan Chase & Co. now owns 402,328 shares of the company's stock worth $1,734,000 after buying an additional 241,103 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Stitch Fix by 46.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 732,990 shares of the company's stock valued at $3,159,000 after acquiring an additional 233,848 shares in the last quarter. Institutional investors and hedge funds own 71.04% of the company's stock.

Analyst Ratings Changes

Separately, Telsey Advisory Group reiterated a "market perform" rating and issued a $6.00 price target on shares of Stitch Fix in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, Stitch Fix currently has a consensus rating of "Hold" and a consensus price target of $4.50.

Stitch Fix Stock Down 1.8 %

SFIX stock traded down $0.06 during mid-day trading on Wednesday, reaching $3.27. The company had a trading volume of 1,458,060 shares, compared to its average volume of 2,454,269. The stock's 50-day simple moving average is $3.57 and its two-hundred day simple moving average is $4.05. The stock has a market capitalization of $421.17 million, a P/E ratio of -3.94 and a beta of 2.03. Stitch Fix, Inc. has a one year low of $2.07 and a one year high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.06. The firm had revenue of $312.11 million during the quarter, compared to analyst estimates of $298.04 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. Stitch Fix's revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.29) EPS. On average, research analysts forecast that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling at Stitch Fix

In other news, insider Casey O'connor sold 50,000 shares of the firm's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $3.04, for a total transaction of $152,000.00. Following the transaction, the insider now directly owns 575,755 shares of the company's stock, valued at approximately $1,750,295.20. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 16.95% of the stock is owned by company insiders.

Stitch Fix Company Profile

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.