Cubist Systematic Strategies LLC Purchases New Stake in Stitch Fix, Inc. (NASDAQ:SFIX)

Cubist Systematic Strategies LLC purchased a new stake in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 401,846 shares of the company's stock, valued at approximately $1,732,000. Cubist Systematic Strategies LLC owned about 0.32% of Stitch Fix as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Stitch Fix by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company's stock valued at $27,882,000 after buying an additional 457,568 shares during the last quarter. Cooper Creek Partners Management LLC raised its position in Stitch Fix by 1,405.2% in 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 last quarter. Geode Capital Management LLC raised its position in Stitch Fix by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 2,459,014 shares of the company's stock valued at $10,601,000 after buying an additional 164,089 shares during the last quarter. Northern Trust Corp raised its position in Stitch Fix by 15.2% in the 4th 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 acquired a new stake in Stitch Fix in the 4th quarter valued at approximately $3,183,000. Institutional investors own 71.04% of the company's stock.

Insider Activity

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

Stitch Fix Stock Up 17.2%

Shares of SFIX opened at $4.09 on Tuesday. Stitch Fix, Inc. has a 12-month low of $2.11 and a 12-month high of $6.99. The business has a 50-day simple moving average of $3.38 and a two-hundred day simple moving average of $4.10. The stock has a market cap of $526.78 million, a PE ratio of -4.93 and a beta of 2.00.

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

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated 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 equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, Stitch Fix currently has a consensus rating of "Hold" and a consensus target price 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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