Jacobs Levy Equity Management Inc. Grows Stock Holdings in Stitch Fix, Inc. (NASDAQ:SFIX)

Jacobs Levy Equity Management Inc. boosted its position in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 142.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,464,863 shares of the company's stock after buying an additional 1,449,941 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.94% of Stitch Fix worth $10,624,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Stitch Fix during the fourth quarter valued at $29,000. Pallas Capital Advisors LLC purchased a new stake in shares of Stitch Fix in the fourth quarter worth about $46,000. Bellecapital International Ltd. purchased a new stake in shares of Stitch Fix in the fourth quarter worth about $55,000. Savant Capital LLC acquired a new stake in Stitch Fix during the fourth quarter worth about $79,000. Finally, Polymer Capital Management US LLC purchased a new position in Stitch Fix during the fourth quarter valued at approximately $82,000. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Stitch Fix

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

Stitch Fix Price Performance

SFIX stock traded down $0.03 during mid-day trading on Friday, reaching $4.21. 1,061,704 shares of the company's stock were exchanged, compared to its average volume of 2,475,639. The company has a market cap of $542.24 million, a price-to-earnings ratio of -5.07 and a beta of 2.00. The stock's 50 day moving average is $3.39 and its 200 day moving average is $4.11. Stitch Fix, Inc. has a 12-month low of $2.18 and a 12-month high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) EPS 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 analyst estimates of $298.04 million. During the same quarter in the previous year, the firm earned ($0.29) EPS. The firm's revenue was down 5.5% compared to the same quarter last year. On average, research analysts forecast that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group restated 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 equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Stitch Fix presently has an average rating of "Hold" and a consensus target price of $4.50.

Stitch Fix Company 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.