Public Employees Retirement System of Ohio Buys 59,938 Shares of Stitch Fix, Inc. (NASDAQ:SFIX)

Public Employees Retirement System of Ohio boosted its stake in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 40.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 206,688 shares of the company's stock after acquiring an additional 59,938 shares during the period. Public Employees Retirement System of Ohio owned 0.16% of Stitch Fix worth $891,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SFIX. SBI Securities Co. Ltd. bought a new position in shares of Stitch Fix in the fourth quarter worth about $29,000. Bellecapital International Ltd. purchased a new position in Stitch Fix in the fourth quarter worth about $55,000. Savant Capital LLC bought a new position in Stitch Fix during the 4th quarter valued at about $79,000. Polymer Capital Management US LLC bought a new stake in shares of Stitch Fix during the fourth quarter worth $82,000. Finally, ProShare Advisors LLC increased its holdings in Stitch Fix by 68.0% during the 4th quarter. ProShare Advisors LLC now owns 28,525 shares of the company's stock worth $123,000 after purchasing an additional 11,542 shares during the period. Institutional investors own 71.04% of the company's stock.

Insiders Place Their Bets

In other Stitch Fix news, insider Casey O'connor sold 50,000 shares of Stitch Fix stock in a transaction on Monday, April 14th. The shares were sold at an average price of $3.04, for a total value of $152,000.00. Following the completion of the transaction, the insider now owns 575,755 shares of the company's stock, valued at $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 through this link. 16.95% of the stock is owned by corporate insiders.

Stitch Fix Stock Down 0.6%

SFIX stock traded down $0.03 during mid-day trading on Friday, hitting $4.64. 1,468,904 shares of the company were exchanged, compared to its average volume of 2,375,820. The firm has a market capitalization of $597.62 million, a P/E ratio of -5.59 and a beta of 2.00. The business has a fifty day simple moving average of $3.64 and a 200-day simple moving average of $4.20. Stitch Fix, Inc. has a 12-month low of $2.21 and a 12-month high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.06. The business had revenue of $312.11 million for 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 business's revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.29) EPS. Research analysts predict that Stitch Fix, Inc. will post -0.44 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.