Stitch Fix, Inc. (NASDAQ:SFIX) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 32.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 499,142 shares of the company's stock after purchasing an additional 121,084 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.39% of Stitch Fix worth $1,408,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Caprock Group LLC purchased a new stake in shares of Stitch Fix in the third quarter valued at approximately $33,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Stitch Fix in the 3rd quarter worth $36,000. Meeder Asset Management Inc. acquired a new position in Stitch Fix during the third quarter worth $44,000. Baader Bank Aktiengesellschaft purchased a new position in Stitch Fix during the second quarter valued at $46,000. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Stitch Fix in the second quarter valued at about $48,000. Institutional investors and hedge funds own 71.04% of the company's stock.

Stitch Fix Trading Up 0.6 %

NASDAQ:SFIX traded up $0.03 during trading hours on Wednesday, hitting $4.67. The company had a trading volume of 717,499 shares, compared to its average volume of 1,874,497. Stitch Fix, Inc. has a 1 year low of $2.06 and a 1 year high of $5.05. The company has a market cap of $592.33 million, a P/E ratio of -4.31 and a beta of 1.87. The company has a 50-day moving average of $3.31 and a 200 day moving average of $3.53.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its quarterly earnings data on Tuesday, September 24th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.07. The firm had revenue of $319.55 million during the quarter, compared to analyst estimates of $317.48 million. Stitch Fix had a negative net margin of 9.63% and a negative return on equity of 40.62%. On average, analysts forecast that Stitch Fix, Inc. will post -0.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

SFIX has been the subject of several research analyst reports. UBS Group reduced their price target on shares of Stitch Fix from $3.80 to $2.80 and set a "neutral" rating for the company in a research report on Friday, October 11th. Telsey Advisory Group restated a "market perform" rating and issued a $4.00 target price on shares of Stitch Fix in a research report on Wednesday, September 25th. Finally, Canaccord Genuity Group lowered their price target on Stitch Fix from $4.50 to $3.50 and set a "hold" rating on the stock in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $3.27.

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.