Two Sigma Investments LP Has $3.93 Million Holdings in Stitch Fix, Inc. (NASDAQ:SFIX)

Two Sigma Investments LP increased its position in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 300.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 911,349 shares of the company's stock after acquiring an additional 683,751 shares during the period. Two Sigma Investments LP owned about 0.72% of Stitch Fix worth $3,928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SFIX. JPMorgan Chase & Co. boosted its position in shares of Stitch Fix by 72.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company's stock worth $455,000 after acquiring an additional 67,892 shares in the last quarter. Savant Capital LLC bought a new position in Stitch Fix in the 4th quarter valued at approximately $79,000. Rhumbline Advisers lifted its stake in Stitch Fix by 1.5% in the 4th quarter. Rhumbline Advisers now owns 149,625 shares of the company's stock valued at $645,000 after purchasing an additional 2,255 shares during the last quarter. Ieq Capital LLC bought a new position in Stitch Fix in the 4th quarter valued at approximately $299,000. Finally, Bank of New York Mellon Corp lifted its stake in Stitch Fix by 7.5% in the 4th quarter. Bank of New York Mellon Corp now owns 258,299 shares of the company's stock valued at $1,113,000 after purchasing an additional 17,943 shares during the last quarter. Institutional investors and hedge funds own 71.04% of the company's stock.

Insider Transactions at Stitch Fix

In other news, insider Casey O'connor sold 50,000 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $3.04, for a total transaction of $152,000.00. Following the completion of the sale, the insider now directly owns 575,755 shares in the company, valued at $1,750,295.20. This represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 16.95% of the stock is currently owned by corporate insiders.

Stitch Fix Stock Up 3.4%

Shares of SFIX stock traded up $0.15 during trading hours on Monday, hitting $4.57. 1,767,940 shares of the company's stock traded hands, compared to its average volume of 2,490,417. The stock's 50 day simple moving average is $3.53 and its 200 day simple moving average is $4.18. The stock has a market cap of $588.60 million, a PE ratio of -5.51 and a beta of 2.00. 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 posted its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.06. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The company had revenue of $312.11 million during the quarter, compared to analysts' expectations of $298.04 million. During the same period in the prior year, the company posted ($0.29) earnings per share. Stitch Fix's revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, equities research analysts expect that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.