Millennium Management LLC Has $929,000 Stock Holdings in Stitch Fix, Inc. (NASDAQ:SFIX)

Millennium Management LLC decreased its stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 80.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 215,567 shares of the company's stock after selling 900,869 shares during the quarter. Millennium Management LLC owned 0.17% of Stitch Fix worth $929,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Stitch Fix by 16.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,277 shares of the company's stock worth $247,000 after acquiring an additional 8,066 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Stitch Fix by 142.9% in 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 in the last quarter. Graham Capital Management L.P. lifted its position in Stitch Fix by 78.7% in the fourth quarter. Graham Capital Management L.P. now owns 131,478 shares of the company's stock worth $567,000 after purchasing an additional 57,885 shares during the period. Focus Partners Wealth acquired a new stake in Stitch Fix during the fourth quarter worth $1,183,000. Finally, Deutsche Bank AG boosted its stake in Stitch Fix by 63.1% during the fourth quarter. Deutsche Bank AG now owns 77,147 shares of the company's stock worth $333,000 after buying an additional 29,836 shares in the last quarter. Institutional investors and hedge funds own 71.04% of the company's stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group restated a "market perform" rating and issued a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday, June 4th.

Stitch Fix Stock Performance

SFIX traded up $0.09 during midday trading on Monday, hitting $4.73. The company had a trading volume of 2,221,733 shares, compared to its average volume of 2,375,204. Stitch Fix, Inc. has a twelve month low of $2.21 and a twelve month high of $6.99. The company has a market capitalization of $609.21 million, a PE ratio of -5.70 and a beta of 2.00. The firm's 50-day simple moving average is $3.64 and its 200-day simple moving average is $4.20.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued 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. The business had revenue of $312.11 million during 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% compared to the same quarter last year. During the same quarter last year, the business posted ($0.29) earnings per share. As a group, sell-side analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling at Stitch Fix

In other Stitch Fix news, insider Casey O'connor sold 50,000 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $3.04, for a total value of $152,000.00. Following the transaction, the insider now owns 575,755 shares of the company's stock, valued at approximately $1,750,295.20. This represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 16.95% of the company's stock.

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.