Fuller & Thaler Asset Management Inc. Invests $354,000 in Stitch Fix, Inc. (NASDAQ:SFIX)

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

Several other hedge funds have also recently bought and sold shares of SFIX. Vanguard Group Inc. lifted its holdings in shares of Stitch Fix by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company's stock valued at $27,882,000 after acquiring an additional 457,568 shares in the last quarter. Cooper Creek Partners Management LLC raised its holdings in shares of Stitch Fix by 1,405.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company's stock valued at $18,418,000 after buying an additional 3,989,362 shares during the period. Geode Capital Management LLC lifted its position in Stitch Fix by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 2,459,014 shares of the company's stock worth $10,601,000 after acquiring an additional 164,089 shares in the last quarter. Norges Bank purchased a new position in shares of Stitch Fix in the fourth quarter valued at $3,183,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Stitch Fix by 46.8% in 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 purchasing an additional 233,848 shares during the period. Hedge funds and other institutional investors own 71.04% of the company's stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reiterated a "market perform" rating and issued a $6.00 price objective on shares of Stitch Fix in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $4.50.

Stitch Fix Stock Performance

Shares of NASDAQ SFIX traded up $0.01 during trading on Friday, reaching $3.35. The stock had a trading volume of 580,050 shares, compared to its average volume of 2,450,798. The stock has a market cap of $430.83 million, a PE ratio of -4.04 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. The firm's 50 day moving average price is $3.54 and its two-hundred day moving average price is $4.05.

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

Insider Buying and Selling

In related news, insider Casey O'connor sold 50,000 shares of Stitch Fix stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $3.04, for a total value of $152,000.00. Following the sale, the insider now directly owns 575,755 shares in the company, valued at $1,750,295.20. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.95% of the stock is owned by company insiders.

Stitch Fix 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.