Connor Clark & Lunn Investment Management Ltd. Purchases 233,848 Shares of Stitch Fix, Inc. (NASDAQ:SFIX)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 46.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 732,990 shares of the company's stock after acquiring an additional 233,848 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.58% of Stitch Fix worth $3,159,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Disciplined Growth Investors Inc. MN grew its holdings in shares of Stitch Fix by 48.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company's stock valued at $38,731,000 after acquiring an additional 4,460,668 shares in the last quarter. Ieq Capital LLC bought a new position in shares of Stitch Fix in the fourth quarter valued at approximately $299,000. Hodges Capital Management Inc. grew its holdings in Stitch Fix by 34.4% during the third quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company's stock valued at $9,518,000 after purchasing an additional 864,100 shares during the period. JPMorgan Chase & Co. grew its holdings in Stitch Fix by 72.7% during the third quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company's stock valued at $455,000 after purchasing an additional 67,892 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in Stitch Fix by 2,253.6% during the third quarter. Public Employees Retirement System of Ohio now owns 146,750 shares of the company's stock valued at $414,000 after purchasing an additional 140,515 shares during the period. 71.04% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several brokerages have weighed in on SFIX. Telsey Advisory Group reissued a "market perform" rating and set a $6.00 price objective on shares of Stitch Fix in a report on Wednesday, March 12th. UBS Group increased their price objective on Stitch Fix from $2.80 to $5.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Finally, Canaccord Genuity Group increased their price objective on Stitch Fix from $5.00 to $6.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, Stitch Fix presently has a consensus rating of "Hold" and a consensus price target of $4.50.

Stitch Fix Price Performance

Shares of NASDAQ:SFIX traded up $0.14 during trading on Friday, hitting $3.66. 4,150,943 shares of the company were exchanged, compared to its average volume of 2,356,328. The company has a market cap of $464.23 million, a PE ratio of -4.41 and a beta of 2.13. The stock has a 50 day moving average of $4.72 and a 200 day moving average of $4.07. Stitch Fix, Inc. has a 52-week low of $2.06 and a 52-week high of $6.99.

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, topping the consensus estimate 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 firm had revenue of $312.11 million for the quarter, compared to the consensus estimate of $298.04 million. During the same quarter in the prior year, the business posted ($0.29) earnings per share. The business's quarterly revenue was down 5.5% on a year-over-year basis. Sell-side analysts forecast that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

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.