Stitch Fix, Inc. (NASDAQ:SFIX) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its stake in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,985,413 shares of the company's stock after acquiring an additional 255,508 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.57% of Stitch Fix worth $8,557,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Rhumbline Advisers boosted its position in Stitch Fix by 1.5% during the fourth quarter. Rhumbline Advisers now owns 149,625 shares of the company's stock worth $645,000 after acquiring an additional 2,255 shares during the last quarter. Corebridge Financial Inc. boosted its holdings in shares of Stitch Fix by 4.8% during the fourth quarter. Corebridge Financial Inc. now owns 50,355 shares of the company's stock worth $217,000 after purchasing an additional 2,295 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Stitch Fix by 4.1% in the fourth quarter. Federated Hermes Inc. now owns 96,504 shares of the company's stock valued at $416,000 after purchasing an additional 3,771 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Stitch Fix in the fourth quarter valued at $29,000. Finally, Cerity Partners LLC increased its stake in Stitch Fix by 31.1% in the fourth quarter. Cerity Partners LLC now owns 29,452 shares of the company's stock valued at $124,000 after purchasing an additional 6,993 shares during the last quarter. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Casey O'connor sold 50,000 shares of the business's 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 directly owns 575,755 shares of the company's stock, valued at approximately $1,750,295.20. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Stitch Fix Price Performance

Stitch Fix stock remained flat at $4.39 during midday trading on Friday. The company had a trading volume of 1,456,243 shares, compared to its average volume of 2,497,435. The stock has a market capitalization of $565.42 million, a PE ratio of -5.29 and a beta of 2.00. The firm has a fifty day moving average price of $3.51 and a 200-day moving average price of $4.17. 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 posted its earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $312.11 million during the quarter, compared to the consensus estimate of $298.04 million. During the same quarter in the prior year, the company earned ($0.29) EPS. The company's revenue was down 5.5% on a year-over-year basis. Analysts predict that Stitch Fix, Inc. will post -0.44 EPS for the current year.

Stitch Fix 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.