Point72 Asset Management L.P. Acquires Shares of 81,916 Stitch Fix, Inc. (NASDAQ:SFIX)

Point72 Asset Management L.P. purchased a new stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 81,916 shares of the company's stock, valued at approximately $353,000. Point72 Asset Management L.P. owned 0.06% of Stitch Fix as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Stitch Fix by 72.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company's stock worth $455,000 after purchasing an additional 67,892 shares in the last quarter. Savant Capital LLC bought a new position in Stitch Fix in the 4th quarter worth $79,000. Rhumbline Advisers raised its holdings in Stitch Fix by 1.5% in the 4th quarter. Rhumbline Advisers now owns 149,625 shares of the company's stock worth $645,000 after purchasing an additional 2,255 shares in the last quarter. Ieq Capital LLC bought a new position in Stitch Fix in the 4th quarter worth $299,000. Finally, Bank of New York Mellon Corp raised its holdings in Stitch Fix by 7.5% in the 4th quarter. Bank of New York Mellon Corp now owns 258,299 shares of the company's stock worth $1,113,000 after purchasing an additional 17,943 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company's stock.

Analyst Ratings Changes

Separately, Telsey Advisory Group reissued a "market perform" rating and set a $6.00 price target on shares of Stitch Fix in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.50.

Stitch Fix Price Performance

SFIX traded up $0.28 during trading on Tuesday, reaching $4.45. 1,363,285 shares of the company's stock were exchanged, compared to its average volume of 2,485,967. Stitch Fix, Inc. has a 1 year low of $2.20 and a 1 year high of $6.99. The stock has a market capitalization of $573.15 million, a P/E ratio of -5.36 and a beta of 2.00. The company's fifty day simple moving average is $3.45 and its 200-day simple moving average is $4.16.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.06. The business had revenue of $312.11 million for the quarter, compared to analysts' expectations of $298.04 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The business's revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.29) EPS. Equities analysts forecast that Stitch Fix, Inc. will post -0.44 EPS for the current year.

Insider Transactions at Stitch Fix

In other news, insider Casey O'connor sold 50,000 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $3.04, for a total value 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. This trade represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 16.95% of the company's stock.

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.