BNP Paribas Financial Markets Has $1.87 Million Stock Position in Stitch Fix, Inc. (NASDAQ:SFIX)

BNP Paribas Financial Markets grew its stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 1,401.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 433,120 shares of the company's stock after buying an additional 404,269 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.34% of Stitch Fix worth $1,867,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SFIX. SBI Securities Co. Ltd. bought a new stake in shares of Stitch Fix in the fourth quarter worth $29,000. Bellecapital International Ltd. bought a new stake in shares of Stitch Fix in the fourth quarter worth $55,000. Savant Capital LLC bought a new stake in shares of Stitch Fix in the fourth quarter worth $79,000. Polymer Capital Management US LLC bought a new stake in shares of Stitch Fix in the fourth quarter worth $82,000. Finally, Cerity Partners LLC grew its stake in shares of Stitch Fix by 31.1% in the fourth quarter. Cerity Partners LLC now owns 29,452 shares of the company's stock worth $124,000 after purchasing an additional 6,993 shares during the last quarter. Institutional investors own 71.04% of the company's stock.

Insider Activity

In other news, insider Casey O'connor sold 50,000 shares of the company's 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 transaction, the insider now owns 575,755 shares in the company, valued at approximately $1,750,295.20. This 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 this link. Company insiders own 16.95% of the company's stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $6.00 price objective 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 issued a hold rating to the company. Based on data from MarketBeat, Stitch Fix presently has a consensus rating of "Hold" and an average target price of $4.50.

Stitch Fix Trading Down 2.8%

SFIX stock traded down $0.12 during midday trading on Friday, hitting $4.17. The stock had a trading volume of 855,821 shares, compared to its average volume of 2,486,204. The firm has a market cap of $537.08 million, a P/E ratio of -5.02 and a beta of 2.00. Stitch Fix, Inc. has a 1-year low of $2.19 and a 1-year high of $6.99. The business has a fifty day moving average price of $3.44 and a two-hundred day moving average price of $4.15.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. The business had revenue of $312.11 million for 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 for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.29) earnings per share. On average, equities analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current year.

About Stitch Fix

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.