274,564 Shares in Stitch Fix, Inc. (NASDAQ:SFIX) Bought by Focus Partners Wealth

Focus Partners Wealth bought a new position in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 274,564 shares of the company's stock, valued at approximately $1,183,000. Focus Partners Wealth owned 0.22% of Stitch Fix at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SFIX. Ieq Capital LLC purchased a new stake in Stitch Fix in the fourth quarter worth about $299,000. Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 164,089 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Stitch Fix in the 4th quarter valued at about $661,000. JPMorgan Chase & Co. lifted its position in shares of Stitch Fix by 72.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company's stock worth $455,000 after purchasing an additional 67,892 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Stitch Fix by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company's stock valued at $27,882,000 after purchasing an additional 457,568 shares in the last quarter. Institutional investors own 71.04% of the company's stock.

Analyst Ratings Changes

Separately, Telsey Advisory Group reissued a "market perform" rating and set a $6.00 price objective on shares of Stitch Fix in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, Stitch Fix presently has an average rating of "Hold" and an average target price of $4.50.

Insider Buying and Selling at Stitch Fix

In other news, insider Casey O'connor sold 50,000 shares of the 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.95% of the stock is owned by insiders.

Stitch Fix Stock Performance

SFIX traded down $0.12 on Wednesday, hitting $4.11. The company had a trading volume of 1,076,097 shares, compared to its average volume of 2,479,460. The stock has a market capitalization of $529.36 million, a price-to-earnings ratio of -4.95 and a beta of 2.00. The stock has a fifty day moving average price of $3.41 and a 200-day moving average price of $4.14. Stitch Fix, Inc. has a 12-month low of $2.18 and a 12-month high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $298.04 million. During the same period last year, the business earned ($0.29) EPS. The company's revenue was down 5.5% compared to the same quarter last year. Analysts forecast that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal 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.