Disciplined Growth Investors Inc. MN Buys 4,460,668 Shares of Stitch Fix, Inc. (NASDAQ:SFIX)

Disciplined Growth Investors Inc. MN boosted its position in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 48.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,734,485 shares of the company's stock after purchasing an additional 4,460,668 shares during the quarter. Disciplined Growth Investors Inc. MN owned about 10.83% of Stitch Fix worth $38,731,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Stitch Fix by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 84,451 shares of the company's stock worth $223,000 after acquiring an additional 5,404 shares during the period. CWM LLC lifted its position in Stitch Fix by 132.5% in the second quarter. CWM LLC now owns 11,867 shares of the company's stock worth $49,000 after purchasing an additional 6,762 shares during the period. SG Americas Securities LLC boosted its stake in Stitch Fix by 92.3% during the 2nd quarter. SG Americas Securities LLC now owns 19,780 shares of the company's stock valued at $82,000 after purchasing an additional 9,494 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of Stitch Fix during the 2nd quarter valued at $46,000. Finally, Pallas Capital Advisors LLC bought a new stake in shares of Stitch Fix in the 2nd quarter worth $48,000. 71.04% of the stock is owned by institutional investors and hedge funds.

Stitch Fix Trading Down 1.7 %

SFIX stock traded down $0.08 during mid-day trading on Tuesday, hitting $4.50. The stock had a trading volume of 2,334,536 shares, compared to its average volume of 1,870,420. The stock has a market capitalization of $570.77 million, a price-to-earnings ratio of -4.24 and a beta of 1.99. The company has a fifty day moving average of $3.53 and a 200 day moving average of $3.67. Stitch Fix, Inc. has a 1-year low of $2.06 and a 1-year high of $5.05.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its quarterly earnings results on Tuesday, September 24th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.07. Stitch Fix had a negative return on equity of 40.62% and a negative net margin of 9.63%. The company had revenue of $319.55 million for the quarter, compared to the consensus estimate of $317.48 million. As a group, sell-side analysts expect that Stitch Fix, Inc. will post -0.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SFIX. Telsey Advisory Group reissued a "market perform" rating and set a $4.00 price objective on shares of Stitch Fix in a research note on Wednesday, December 4th. Canaccord Genuity Group upped their price objective on shares of Stitch Fix from $3.50 to $5.00 and gave the company a "hold" rating in a research note on Monday, December 2nd. Finally, UBS Group boosted their price target on shares of Stitch Fix from $2.80 to $5.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $3.57.

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.