Stitch Fix, Inc. $SFIX Shares Purchased by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. increased its holdings in Stitch Fix by 133.3% during the first quarter, bringing its stock position to 306,765 shares valued at approximately $997,000.
• Insider Anthony Bacos sold 90,000 shares of Stitch Fix for $450,000, reducing his stake by 9.78%, while another insider, Casey O'Connor, decreased their position by 5.90% after selling 31,248 shares.
• Analysts have given Stitch Fix an average rating of "Hold" with a target price of $5.67, with recent fluctuations in ratings among several analysts affecting investor sentiment.

Graham Capital Management L.P. grew its position in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 133.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 306,765 shares of the company's stock after buying an additional 175,287 shares during the period. Graham Capital Management L.P. owned 0.24% of Stitch Fix worth $997,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SFIX. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Stitch Fix by 142.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,464,863 shares of the company's stock valued at $10,624,000 after buying an additional 1,449,941 shares in the last quarter. Nuveen LLC bought a new stake in shares of Stitch Fix in the 1st quarter valued at about $4,159,000. Two Sigma Investments LP boosted its holdings in shares of Stitch Fix by 300.4% in the 4th quarter. Two Sigma Investments LP now owns 911,349 shares of the company's stock valued at $3,928,000 after buying an additional 683,751 shares in the last quarter. Landscape Capital Management L.L.C. boosted its stake in Stitch Fix by 811.1% in the 1st quarter. Landscape Capital Management L.L.C. now owns 651,047 shares of the company's stock worth $2,116,000 after purchasing an additional 579,593 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Stitch Fix by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 6,982,536 shares of the company's stock worth $22,693,000 after purchasing an additional 513,422 shares in the last quarter. 71.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Casey O'connor sold 31,248 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $5.34, for a total value of $166,864.32. Following the completion of the sale, the insider owned 498,621 shares of the company's stock, valued at approximately $2,662,636.14. The trade was a 5.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David Aufderhaar sold 20,538 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $5.10, for a total transaction of $104,743.80. Following the completion of the sale, the chief financial officer directly owned 937,338 shares of the company's stock, valued at approximately $4,780,423.80. The trade was a 2.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,328,467 shares of company stock worth $11,261,260 in the last 90 days. 16.95% of the stock is owned by insiders.

Stitch Fix Stock Up 0.7%

Shares of NASDAQ:SFIX traded up $0.04 during trading on Friday, hitting $5.65. 1,709,137 shares of the stock traded hands, compared to its average volume of 1,974,132. The company has a market cap of $737.25 million, a price-to-earnings ratio of -12.28 and a beta of 2.03. The company has a fifty day moving average price of $4.75 and a two-hundred day moving average price of $4.15. Stitch Fix, Inc. has a 52-week low of $2.21 and a 52-week high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.05. Stitch Fix had a negative net margin of 4.44% and a negative return on equity of 18.15%. The business's revenue was up .7% compared to the same quarter last year. During the same period last year, the firm posted ($0.18) earnings per share. On average, equities research analysts predict that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SFIX has been the subject of a number of recent analyst reports. William Blair upgraded shares of Stitch Fix from a "market perform" rating to an "outperform" rating in a research note on Monday, July 14th. Zacks Research upgraded shares of Stitch Fix to a "hold" rating in a research note on Monday, August 11th. Telsey Advisory Group reiterated a "market perform" rating and issued a $6.00 target price on shares of Stitch Fix in a research note on Wednesday, June 11th. Finally, Wall Street Zen cut shares of Stitch Fix from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Stitch Fix has a consensus rating of "Hold" and a consensus price target of $5.67.

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.