1,279,729 Shares in Stitch Fix, Inc. $SFIX Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired a stake in Stitch Fix, purchasing over 1.27 million shares valued at approximately $4.16 million, representing about 0.99% ownership in the company.
• Several institutional investors, including Jacobs Levy Equity Management and Two Sigma Investments, significantly increased their positions in Stitch Fix during the fourth quarter, reflecting growing interest in the stock.
• Stitch Fix's stock currently has a consensus rating of Hold from analysts, with a price target averaging around $5.67, amidst mixed ratings from various research firms.

Nuveen LLC acquired a new position in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,279,729 shares of the company's stock, valued at approximately $4,159,000. Nuveen LLC owned approximately 0.99% of Stitch Fix at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SFIX. Wells Fargo & Company MN boosted its position in Stitch Fix by 51.5% in the 4th quarter. Wells Fargo & Company MN now owns 62,984 shares of the company's stock worth $271,000 after purchasing an additional 21,423 shares in the last quarter. Invesco Ltd. boosted its position in Stitch Fix by 7.3% in the 4th quarter. Invesco Ltd. now owns 427,677 shares of the company's stock worth $1,843,000 after purchasing an additional 29,186 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Stitch Fix in the 4th quarter worth approximately $134,000. Barclays PLC boosted its position in Stitch Fix by 4.9% in the 4th quarter. Barclays PLC now owns 177,168 shares of the company's stock worth $762,000 after purchasing an additional 8,215 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in Stitch Fix by 60.1% in the 4th quarter. MetLife Investment Management LLC now owns 57,423 shares of the company's stock worth $247,000 after purchasing an additional 21,559 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company's stock.

Stitch Fix Stock Down 4.9%

NASDAQ SFIX traded down $0.27 during trading on Friday, reaching $5.29. 2,465,472 shares of the company's stock were exchanged, compared to its average volume of 1,975,413. The company has a 50 day moving average price of $4.58 and a two-hundred day moving average price of $4.16. Stitch Fix, Inc. has a 1 year low of $2.21 and a 1 year high of $6.99.

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

Insider Buying and Selling at Stitch Fix

In related news, insider Casey O'connor sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $4.72, for a total value of $236,000.00. Following the completion of the transaction, the insider directly owned 508,621 shares of the company's stock, valued at $2,400,691.12. This trade represents a 8.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anthony Bacos sold 90,000 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $5.00, for a total value of $450,000.00. Following the sale, the insider owned 829,966 shares in the company, valued at approximately $4,149,830. This trade represents a 9.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,328,467 shares of company stock worth $11,261,260. 16.95% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SFIX. Wall Street Zen lowered shares of Stitch Fix from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $6.00 price target on shares of Stitch Fix in a research note on Wednesday, June 11th. William Blair upgraded Stitch Fix from a "market perform" rating to an "outperform" rating in a research report on Monday, July 14th. Finally, Zacks Research upgraded Stitch Fix to a "hold" rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.67.

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.