Mackenzie Financial Corp Purchases Shares of 109,874 Stitch Fix, Inc. (NASDAQ:SFIX)

Mackenzie Financial Corp purchased a new position in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 109,874 shares of the company's stock, valued at approximately $474,000. Mackenzie Financial Corp owned approximately 0.09% of Stitch Fix as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Savant Capital LLC bought a new position in Stitch Fix in the 4th quarter valued at about $79,000. Rhumbline Advisers boosted its holdings in shares of Stitch Fix by 1.5% in the fourth quarter. Rhumbline Advisers now owns 149,625 shares of the company's stock valued at $645,000 after acquiring an additional 2,255 shares in the last quarter. Ieq Capital LLC acquired a new position in shares of Stitch Fix during the fourth quarter valued at approximately $299,000. Bank of New York Mellon Corp increased its stake in shares of Stitch Fix by 7.5% during the fourth quarter. Bank of New York Mellon Corp now owns 258,299 shares of the company's stock valued at $1,113,000 after acquiring an additional 17,943 shares during the period. Finally, US Bancorp DE bought a new stake in Stitch Fix during the fourth quarter worth approximately $220,000. Institutional investors own 71.04% of the company's stock.

Insider Activity 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 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 $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 can be accessed through this hyperlink. 16.95% of the stock is owned by insiders.

Stitch Fix Price Performance

Shares of SFIX traded down $0.03 during mid-day trading on Friday, hitting $4.64. The company's stock had a trading volume of 1,468,904 shares, compared to its average volume of 2,375,820. The firm has a 50-day moving average price of $3.64 and a 200 day moving average price of $4.20. The stock has a market capitalization of $597.62 million, a price-to-earnings ratio of -5.59 and a beta of 2.00. Stitch Fix, Inc. has a fifty-two week low of $2.21 and a fifty-two week high of $6.99.

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 (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. The company had revenue of $312.11 million for the quarter, compared to analysts' expectations of $298.04 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The firm's revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.29) earnings per share. As a group, equities analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reiterated a "market perform" rating and set a $6.00 price target on shares of Stitch Fix in a research report on Wednesday.

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.