Counterpoint Mutual Funds LLC Invests $365,000 in Stitch Fix, Inc. (NASDAQ:SFIX)

Counterpoint Mutual Funds LLC bought a new stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 84,704 shares of the company's stock, valued at approximately $365,000. Counterpoint Mutual Funds LLC owned approximately 0.07% of Stitch Fix at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SFIX. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Stitch Fix by 46.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 732,990 shares of the company's stock worth $3,159,000 after purchasing an additional 233,848 shares during the period. Marathon Trading Investment Management LLC acquired a new stake in shares of Stitch Fix during the 4th quarter valued at $216,000. Inceptionr LLC purchased a new position in shares of Stitch Fix during the 4th quarter valued at $227,000. Raymond James Financial Inc. acquired a new position in shares of Stitch Fix in the fourth quarter worth $134,000. Finally, Bellecapital International Ltd. purchased a new stake in shares of Stitch Fix during the fourth quarter worth $55,000. Institutional investors and hedge funds own 71.04% of the company's stock.

Stitch Fix Price Performance

SFIX traded up $0.14 on Friday, hitting $3.66. The company had a trading volume of 4,150,943 shares, compared to its average volume of 2,356,328. The stock has a market cap of $464.23 million, a price-to-earnings ratio of -4.41 and a beta of 2.13. The company's fifty day moving average price is $4.72 and its 200 day moving average price is $4.07. Stitch Fix, Inc. has a 1-year low of $2.06 and a 1-year high of $6.99.

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Stitch Fix (NASDAQ:SFIX - Get Free Report) last posted its quarterly earnings data 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 net margin of 7.71% and a negative return on equity of 32.71%. The business had revenue of $312.11 million during the quarter, compared to the consensus estimate of $298.04 million. Stitch Fix's quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.29) EPS. On average, sell-side analysts forecast that Stitch Fix, Inc. will post -0.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Canaccord Genuity Group boosted their target price on Stitch Fix from $5.00 to $6.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. UBS Group increased their price objective on Stitch Fix from $2.80 to $5.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $6.00 price objective on shares of Stitch Fix in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $4.50.

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.