Stitch Fix, Inc. (NASDAQ:SFIX) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its position in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 84.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 682,900 shares of the company's stock after purchasing an additional 311,800 shares during the quarter. Two Sigma Advisers LP owned about 0.54% of Stitch Fix worth $2,943,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cooper Creek Partners Management LLC raised its position in shares of Stitch Fix by 1,405.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company's stock valued at $18,418,000 after buying an additional 3,989,362 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Stitch Fix by 142.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,464,863 shares of the company's stock valued at $10,624,000 after purchasing an additional 1,449,941 shares during the period. Norges Bank bought a new stake in shares of Stitch Fix in the 4th quarter valued at approximately $3,183,000. Two Sigma Investments LP increased its position in shares of Stitch Fix by 300.4% during the 4th quarter. Two Sigma Investments LP now owns 911,349 shares of the company's stock valued at $3,928,000 after purchasing an additional 683,751 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Stitch Fix by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company's stock worth $27,882,000 after buying an additional 457,568 shares during the last quarter. Hedge funds and other institutional investors own 71.04% of the company's stock.

Insiders Place Their Bets

In related news, insider Casey O'connor sold 50,000 shares of Stitch Fix stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $3.04, for a total value of $152,000.00. Following the sale, the insider now directly owns 575,755 shares in the company, valued at approximately $1,750,295.20. The trade was a 7.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 16.95% of the stock is currently owned by company insiders.

Stitch Fix Price Performance

Shares of Stitch Fix stock remained flat at $4.39 on Friday. The company had a trading volume of 1,456,243 shares, compared to its average volume of 2,490,565. Stitch Fix, Inc. has a 12-month low of $2.21 and a 12-month high of $6.99. The company has a market capitalization of $565.42 million, a price-to-earnings ratio of -5.29 and a beta of 2.00. The company has a fifty day simple moving average of $3.50 and a 200 day simple moving average of $4.16.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.06. The company had revenue of $312.11 million during the quarter, compared to the consensus estimate of $298.04 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The firm's quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.29) earnings per share. On average, research analysts predict that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.