AQR Capital Management LLC Decreases Holdings in Stitch Fix, Inc. (NASDAQ:SFIX)

AQR Capital Management LLC lowered its stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,067,449 shares of the company's stock after selling 101,585 shares during the period. AQR Capital Management LLC owned about 0.84% of Stitch Fix worth $4,601,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Stitch Fix by 7.6% in the fourth 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 boosted its stake in 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 worth $18,418,000 after purchasing an additional 3,989,362 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Stitch Fix by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 2,459,014 shares of the company's stock worth $10,601,000 after buying an additional 164,089 shares in the last quarter. Northern Trust Corp raised its position in shares of Stitch Fix by 15.2% in the fourth quarter. Northern Trust Corp now owns 876,132 shares of the company's stock valued at $3,776,000 after buying an additional 115,377 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Stitch Fix in the fourth quarter worth about $3,183,000. Institutional investors and hedge funds own 71.04% of the company's stock.

Stitch Fix Trading Down 3.3 %

Shares of SFIX opened at $3.48 on Friday. Stitch Fix, Inc. has a 12-month low of $2.10 and a 12-month high of $6.99. The firm has a market capitalization of $448.21 million, a P/E ratio of -4.19 and a beta of 2.00. The firm has a 50-day moving average price of $3.39 and a 200 day moving average price of $4.07.

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

Insider Transactions at Stitch Fix

In other Stitch Fix news, insider Casey O'connor sold 50,000 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $3.04, for a total transaction of $152,000.00. Following the completion of the transaction, the insider now owns 575,755 shares of the company's stock, valued at $1,750,295.20. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 16.95% of the company's stock.

Wall Street Analyst Weigh In

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 issued a hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $4.50.

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.

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