Hodges Capital Management Inc. Cuts Stock Holdings in Stitch Fix, Inc. (NASDAQ:SFIX)

Hodges Capital Management Inc. decreased its position in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 37.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,095,000 shares of the company's stock after selling 1,280,200 shares during the period. Hodges Capital Management Inc. owned 1.65% of Stitch Fix worth $9,029,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pallas Capital Advisors LLC purchased a new stake in shares of Stitch Fix during the fourth quarter worth about $46,000. JPMorgan Chase & Co. boosted its holdings in Stitch Fix by 72.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company's stock worth $455,000 after acquiring an additional 67,892 shares during the period. Franklin Resources Inc. grew its holdings in Stitch Fix by 68.0% during the 3rd quarter. Franklin Resources Inc. now owns 144,261 shares of the company's stock valued at $391,000 after purchasing an additional 58,412 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Stitch Fix during the third quarter worth about $196,000. Finally, Barclays PLC raised its position in shares of Stitch Fix by 30.7% in the 3rd quarter. Barclays PLC now owns 168,953 shares of the company's stock valued at $475,000 after purchasing an additional 39,713 shares in the last quarter. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Stitch Fix

In related news, Director Katrina Lake sold 725,002 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total transaction of $4,190,511.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anthony Bacos sold 16,720 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $4.61, for a total value of $77,079.20. Following the transaction, the insider now directly owns 913,962 shares in the company, valued at $4,213,364.82. The trade was a 1.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.95% of the stock is currently owned by insiders.

Stitch Fix Price Performance

Shares of Stitch Fix stock traded down $0.01 during trading hours on Thursday, hitting $4.78. The company's stock had a trading volume of 1,384,158 shares, compared to its average volume of 2,442,319. The company has a market capitalization of $606.30 million, a PE ratio of -5.76 and a beta of 1.99. Stitch Fix, Inc. has a 12 month low of $2.06 and a 12 month high of $6.99. The stock has a 50 day moving average of $4.60 and a 200 day moving average of $3.92.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its quarterly earnings results on Tuesday, December 10th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.14) by $0.09. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The firm had revenue of $318.82 million during the quarter, compared to analysts' expectations of $306.88 million. During the same quarter last year, the company posted ($0.30) earnings per share. The company's revenue for the quarter was down 12.6% compared to the same quarter last year. Equities analysts expect that Stitch Fix, Inc. will post -0.44 EPS for the current year.

Analyst Upgrades and Downgrades

SFIX has been the topic of a number of recent research reports. Telsey Advisory Group raised their target price on shares of Stitch Fix from $4.00 to $6.00 and gave the stock a "market perform" rating in a report on Wednesday, December 11th. Canaccord Genuity Group upped 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. Finally, UBS Group increased their price objective on Stitch Fix from $2.80 to $5.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $3.96.

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.