Public Employees Retirement System of Ohio Has $891,000 Holdings in Stitch Fix, Inc. (NASDAQ:SFIX)

Public Employees Retirement System of Ohio lifted its stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 40.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Two Sigma Advisers LP boosted its stake in Stitch Fix by 84.0% in the 4th quarter. Two Sigma Advisers LP now owns 682,900 shares of the company's stock worth $2,943,000 after buying an additional 311,800 shares during the last quarter. Two Sigma Investments LP boosted its stake in Stitch Fix by 300.4% in the 4th quarter. Two Sigma Investments LP now owns 911,349 shares of the company's stock worth $3,928,000 after buying an additional 683,751 shares during the last quarter. Rafferty Asset Management LLC acquired a new stake in Stitch Fix in the 4th quarter worth about $162,000. Point72 Asset Management L.P. acquired a new stake in Stitch Fix in the 4th quarter worth about $353,000. Finally, ProShare Advisors LLC boosted its stake in Stitch Fix by 68.0% in the 4th quarter. ProShare Advisors LLC now owns 28,525 shares of the company's stock worth $123,000 after buying an additional 11,542 shares during the last quarter. Institutional investors and hedge funds own 71.04% of the company's stock.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, Stitch Fix has a consensus rating of "Hold" and an average price target of $4.50.

Insider Activity at Stitch Fix

In related news, insider Casey O'connor sold 50,000 shares of the company's stock in a transaction on Monday, April 14th. The stock was 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.95% of the stock is owned by insiders.

Stitch Fix Stock Down 1.7%

SFIX stock traded down $0.08 during trading on Thursday, reaching $4.67. 1,859,633 shares of the company's stock were exchanged, compared to its average volume of 2,475,078. Stitch Fix, Inc. has a 1-year low of $2.21 and a 1-year high of $6.99. The company's fifty day moving average price is $3.59 and its 200-day moving average price is $4.19. The firm has a market cap of $601.48 million, a PE ratio of -5.63 and a beta of 2.00.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last posted 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. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The company had revenue of $312.11 million for the quarter, compared to the consensus estimate of $298.04 million. During the same quarter in the previous year, the business earned ($0.29) EPS. The company's quarterly revenue was down 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

About Stitch Fix

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.