Jacobs Levy Equity Management Inc. Purchases 170,344 Shares of Stitch Fix, Inc. $SFIX

Jacobs Levy Equity Management Inc. boosted its position in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 6.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,635,207 shares of the company's stock after acquiring an additional 170,344 shares during the period. Jacobs Levy Equity Management Inc. owned 2.05% of Stitch Fix worth $8,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SFIX. Wescott Financial Advisory Group LLC bought a new stake in Stitch Fix during the 1st quarter worth approximately $32,000. Martingale Asset Management L P bought a new stake in Stitch Fix during the 1st quarter worth approximately $85,000. Diversified Trust Co bought a new stake in Stitch Fix during the 1st quarter worth approximately $99,000. Wealth Enhancement Advisory Services LLC raised its stake in Stitch Fix by 96.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,786 shares of the company's stock worth $107,000 after acquiring an additional 12,177 shares during the period. Finally, ProShare Advisors LLC grew 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 valued at $123,000 after buying an additional 11,542 shares in the last quarter. Institutional investors own 71.04% of the company's stock.

Insider Activity

In other news, insider Anthony Bacos sold 90,000 shares of Stitch Fix stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $5.00, for a total transaction of $450,000.00. Following the completion of the sale, the insider directly owned 829,966 shares in the company, valued at approximately $4,149,830. This trade represents a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Aufderhaar sold 20,538 shares of Stitch Fix stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $5.10, for a total value of $104,743.80. Following the sale, the chief financial officer owned 937,338 shares of the company's stock, valued at approximately $4,780,423.80. This trade represents a 2.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 957,536 shares of company stock valued at $4,845,302 over the last ninety days. 16.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Zacks Research raised shares of Stitch Fix to a "hold" rating in a report on Monday, August 11th. Wall Street Zen lowered shares of Stitch Fix from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. William Blair raised shares of Stitch Fix from a "market perform" rating to an "outperform" rating in a report on Monday, July 14th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $6.00 price objective on shares of Stitch Fix in a report on Wednesday, June 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, the stock presently has a consensus rating of "Hold" and an average target price of $5.67.

Stitch Fix Trading Down 5.7%

Shares of SFIX stock traded down $0.33 on Friday, reaching $5.47. The company's stock had a trading volume of 1,437,347 shares, compared to its average volume of 2,005,229. The stock's fifty day simple moving average is $4.93 and its 200-day simple moving average is $4.18. The company has a market capitalization of $713.76 million, a price-to-earnings ratio of -11.89 and a beta of 2.03. 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 quarterly earnings data on Wednesday, June 11th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.05. Stitch Fix had a negative net margin of 4.44% and a negative return on equity of 18.15%. Stitch Fix's revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.18) earnings per share. Equities research analysts forecast that Stitch Fix, Inc. will post -0.44 earnings per share for the current 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.