Jacobs Levy Equity Management Inc. boosted its position in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 6.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,635,207 shares of the company's stock after acquiring an additional 170,344 shares during the quarter. Jacobs Levy Equity Management Inc. owned 2.05% of Stitch Fix worth $8,564,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of SFIX. Wescott Financial Advisory Group LLC acquired a new stake in shares of Stitch Fix during the first quarter worth about $32,000. Wealth Enhancement Advisory Services LLC increased 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 buying an additional 12,177 shares during the period. Martingale Asset Management L P purchased a new stake in Stitch Fix during the 1st quarter worth approximately $85,000. ProShare Advisors LLC lifted 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 buying an additional 11,542 shares in the last quarter. Finally, Diversified Trust Co purchased a new position in Stitch Fix in the 1st quarter valued at approximately $99,000. 71.04% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
SFIX has been the subject of several research reports. Telsey Advisory Group restated 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 raised Stitch Fix from a "market perform" rating to an "outperform" rating in a research note on Monday, July 14th. Wall Street Zen downgraded Stitch Fix from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Zacks Research upgraded Stitch Fix to a "hold" rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $5.67.
View Our Latest Research Report on SFIX
Stitch Fix Price Performance
Shares of NASDAQ SFIX traded down $0.30 during midday trading on Friday, hitting $5.50. 798,636 shares of the company's stock were exchanged, compared to its average volume of 2,179,129. Stitch Fix, Inc. has a twelve month low of $2.21 and a twelve month high of $6.99. The company has a market cap of $717.30 million, a PE ratio of -11.97 and a beta of 2.03. The firm's fifty day simple moving average is $4.90 and its 200-day simple moving average is $4.18.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%.During the same period in the prior year, the business earned ($0.18) earnings per share. Stitch Fix's quarterly revenue was up .7% on a year-over-year basis. Equities analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.
Insider Activity at Stitch Fix
In other Stitch Fix news, insider Casey O'connor sold 31,248 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $5.34, for a total value of $166,864.32. Following the completion of the transaction, the insider owned 498,621 shares in the company, valued at $2,662,636.14. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Anthony Bacos sold 90,000 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $5.00, for a total value of $450,000.00. Following the transaction, the insider directly owned 829,966 shares in the company, valued at approximately $4,149,830. The trade was a 9.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 957,536 shares of company stock worth $4,845,302 over the last 90 days. 16.95% of the stock is owned by corporate insiders.
Stitch Fix Profile
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Free Report)
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.
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