Stitch Fix, Inc. (NASDAQ:SFIX) Shares Acquired by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC lifted its stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 1,405.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,273,265 shares of the company's stock after acquiring an additional 3,989,362 shares during the quarter. Cooper Creek Partners Management LLC owned approximately 3.37% of Stitch Fix worth $18,418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of Stitch Fix by 1.5% in the 4th quarter. Rhumbline Advisers now owns 149,625 shares of the company's stock worth $645,000 after buying an additional 2,255 shares during the period. Corebridge Financial Inc. grew its holdings in Stitch Fix by 4.8% during the 4th quarter. Corebridge Financial Inc. now owns 50,355 shares of the company's stock worth $217,000 after acquiring an additional 2,295 shares in the last quarter. Federated Hermes Inc. increased its position in Stitch Fix by 4.1% during the 4th quarter. Federated Hermes Inc. now owns 96,504 shares of the company's stock valued at $416,000 after purchasing an additional 3,771 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Stitch Fix in the 4th quarter valued at about $29,000. Finally, Cerity Partners LLC lifted its position in shares of Stitch Fix by 31.1% in the 4th quarter. Cerity Partners LLC now owns 29,452 shares of the company's stock worth $124,000 after purchasing an additional 6,993 shares during the period. Institutional investors own 71.04% of the company's stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Separately, 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. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $4.50.

Stitch Fix Trading Up 2.5 %

Shares of SFIX traded up $0.08 during midday trading on Friday, hitting $3.06. 1,405,149 shares of the company's stock traded hands, compared to its average volume of 2,444,887. The stock has a market capitalization of $393.47 million, a price-to-earnings ratio of -3.68 and a beta of 2.03. Stitch Fix, Inc. has a 1 year low of $2.06 and a 1 year high of $6.99. The firm's fifty day moving average is $3.96 and its 200-day moving average is $4.02.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share 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 analyst estimates of $298.04 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The company's revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.29) earnings per share. On average, equities research analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current 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.