Mackenzie Financial Corp Takes $474,000 Position in Stitch Fix, Inc. (NASDAQ:SFIX)

Mackenzie Financial Corp acquired a new position in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 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 SEC filing.

Other large investors have also modified their holdings of the company. Cooper Creek Partners Management LLC grew its holdings in shares of Stitch Fix by 1,405.2% during 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 acquiring an additional 3,989,362 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Stitch Fix by 142.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,464,863 shares of the company's stock valued at $10,624,000 after purchasing an additional 1,449,941 shares during the last quarter. Norges Bank purchased a new position in Stitch Fix in the fourth quarter valued at about $3,183,000. Two Sigma Investments LP increased its position in Stitch Fix by 300.4% in the 4th quarter. Two Sigma Investments LP now owns 911,349 shares of the company's stock worth $3,928,000 after purchasing an additional 683,751 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Stitch Fix by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company's stock worth $27,882,000 after purchasing an additional 457,568 shares in the last quarter. 71.04% of the stock is owned by institutional investors.

Insider Buying and Selling at Stitch Fix

In other Stitch Fix 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 completion of the sale, the insider now directly owns 575,755 shares in the company, valued at $1,750,295.20. This represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.95% of the company's stock.

Stitch Fix Price Performance

NASDAQ:SFIX traded down $0.10 during trading hours on Friday, reaching $4.58. The company's stock had a trading volume of 827,914 shares, compared to its average volume of 2,394,454. The company has a market cap of $589.25 million, a price-to-earnings ratio of -5.51 and a beta of 2.00. Stitch Fix, Inc. has a one year low of $2.21 and a one year high of $6.99. The business's 50-day moving average is $3.62 and its 200-day moving average is $4.19.

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 (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.06. The company had revenue of $312.11 million during the quarter, compared to the consensus estimate 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 posted ($0.29) EPS. On average, sell-side analysts predict that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.