Arrowstreet Capital Limited Partnership Boosts Stock Holdings in Stitch Fix, Inc. (NASDAQ:SFIX)

Arrowstreet Capital Limited Partnership increased its holdings in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 740.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 230,764 shares of the company's stock after acquiring an additional 203,302 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.18% of Stitch Fix worth $995,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Rhumbline Advisers boosted its holdings in shares of Stitch Fix by 1.5% during the 4th quarter. Rhumbline Advisers now owns 149,625 shares of the company's stock valued at $645,000 after buying an additional 2,255 shares in the last quarter. Corebridge Financial Inc. grew its holdings in Stitch Fix by 4.8% in the fourth quarter. Corebridge Financial Inc. now owns 50,355 shares of the company's stock worth $217,000 after purchasing an additional 2,295 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Stitch Fix during the fourth quarter valued at approximately $29,000. Pallas Capital Advisors LLC bought a new stake in shares of Stitch Fix in the 4th quarter worth approximately $46,000. Finally, Bellecapital International Ltd. purchased a new stake in shares of Stitch Fix in the 4th quarter worth approximately $55,000. Institutional investors own 71.04% of the company's stock.

Insider Buying and Selling at Stitch Fix

In other Stitch Fix news, insider Casey O'connor sold 50,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 575,755 shares in the company, valued at approximately $1,750,295.20. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.95% of the stock is owned by corporate insiders.

Stitch Fix Stock Performance

Shares of SFIX traded down $0.01 on Thursday, hitting $2.98. 248,212 shares of the stock traded hands, compared to its average volume of 2,436,311. Stitch Fix, Inc. has a one year low of $2.06 and a one year high of $6.99. The company has a market capitalization of $383.17 million, a PE ratio of -3.58 and a beta of 2.03. The business has a 50 day simple moving average of $4.00 and a 200 day simple moving average of $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. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The business had revenue of $312.11 million during the quarter, compared to analyst estimates of $298.04 million. During the same quarter last year, the company earned ($0.29) EPS. The company's quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities analysts expect that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reiterated a "market perform" rating and set a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $4.50.

About Stitch Fix

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.