JPMorgan Chase & Co. raised its holdings in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 72.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 161,225 shares of the company's stock after purchasing an additional 67,892 shares during the quarter. JPMorgan Chase & Co. owned 0.13% of Stitch Fix worth $455,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of SFIX. Disciplined Growth Investors Inc. MN grew its position in Stitch Fix by 48.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company's stock valued at $38,731,000 after acquiring an additional 4,460,668 shares during the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Stitch Fix by 34.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company's stock valued at $9,518,000 after purchasing an additional 864,100 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Stitch Fix by 2,253.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 146,750 shares of the company's stock worth $414,000 after purchasing an additional 140,515 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Stitch Fix by 32.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 499,142 shares of the company's stock valued at $1,408,000 after purchasing an additional 121,084 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Stitch Fix by 3.8% in the third quarter. Geode Capital Management LLC now owns 2,294,925 shares of the company's stock valued at $6,473,000 after buying an additional 83,220 shares in the last quarter. Institutional investors own 71.04% of the company's stock.
Stitch Fix Stock Down 0.4 %
SFIX traded down $0.02 during trading on Wednesday, reaching $4.83. 5,187,336 shares of the stock traded hands, compared to its average volume of 2,481,581. The stock's 50-day moving average is $4.55 and its 200 day moving average is $3.91. Stitch Fix, Inc. has a 12 month low of $2.06 and a 12 month high of $6.99. The stock has a market capitalization of $612.64 million, a PE ratio of -5.82 and a beta of 1.99.
Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.09. The business had revenue of $318.82 million during the quarter, compared to the consensus estimate of $306.88 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The firm's revenue for the quarter was down 12.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.30) earnings per share. As a group, equities research analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current year.
Insiders Place Their Bets
In related news, Director Katrina Lake sold 725,002 shares of Stitch Fix stock in a transaction that occurred on 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 legal filing 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 dated Friday, December 13th. The stock was sold at an average price of $4.61, for a total transaction of $77,079.20. Following the completion of the sale, the insider now directly owns 913,962 shares of the company's stock, 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. Corporate insiders own 16.95% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Telsey Advisory Group upped their price target 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 increased their target price on Stitch Fix from $5.00 to $6.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Finally, UBS Group boosted their price target on Stitch Fix from $2.80 to $5.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $3.96.
Read Our Latest Stock Report on Stitch Fix
About Stitch Fix
(
Free Report)
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.
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