Stitch Fix, Inc. (NASDAQ:SFIX) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its stake in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,273,858 shares of the company's stock after selling 396,742 shares during the quarter. Renaissance Technologies LLC owned about 4.16% of Stitch Fix worth $22,730,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in SFIX. SBI Securities Co. Ltd. purchased a new position in shares of Stitch Fix in the 4th quarter worth $29,000. Pallas Capital Advisors LLC purchased a new position in shares of Stitch Fix in the 4th quarter worth about $46,000. Bellecapital International Ltd. purchased a new position in shares of Stitch Fix in the 4th quarter worth about $55,000. Savant Capital LLC acquired a new position in shares of Stitch Fix in the 4th quarter valued at about $79,000. Finally, Polymer Capital Management US LLC purchased a new stake in shares of Stitch Fix during the 4th quarter worth about $82,000. 71.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Stitch Fix

In related news, insider Casey O'connor sold 50,000 shares of the 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 completion of the transaction, the insider now owns 575,755 shares of the company's stock, valued at approximately $1,750,295.20. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 16.95% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated a "market perform" rating and issued a $6.00 price target on shares of Stitch Fix in a report on Wednesday, March 12th. One 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 Stock Performance

Shares of NASDAQ:SFIX traded up $0.08 during mid-day trading on Friday, hitting $3.06. 1,405,149 shares of the company traded hands, compared to its average volume of 2,444,887. The firm has a market cap of $393.47 million, a P/E ratio of -3.68 and a beta of 2.03. Stitch Fix, Inc. has a 52-week low of $2.06 and a 52-week high of $6.99. The firm's 50 day simple moving average is $3.96 and its 200 day simple moving average is $4.02.

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

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.