Public Employees Retirement System of Ohio Buys 140,515 Shares of Stitch Fix, Inc. (NASDAQ:SFIX)

Public Employees Retirement System of Ohio boosted its holdings in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 2,253.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 146,750 shares of the company's stock after acquiring an additional 140,515 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.12% of Stitch Fix worth $414,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SFIX. Hodges Capital Management Inc. grew its holdings in shares of Stitch Fix by 34.4% in the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company's stock worth $9,518,000 after acquiring an additional 864,100 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in shares of Stitch Fix by 34.9% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 9,273,817 shares of the company's stock worth $38,486,000 after buying an additional 2,396,920 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of 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 worth $1,408,000 after buying an additional 121,084 shares in the last quarter. Renaissance Technologies LLC grew its stake in Stitch Fix by 11.7% in the 2nd quarter. Renaissance Technologies LLC now owns 4,432,600 shares of the company's stock valued at $18,395,000 after acquiring an additional 465,900 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Stitch Fix during the 3rd quarter valued at about $2,862,000. Institutional investors and hedge funds own 71.04% of the company's stock.

Insiders Place Their Bets

In other 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 value of $4,190,511.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anthony Bacos sold 16,720 shares of the firm's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $4.61, for a total transaction of $77,079.20. Following the transaction, the insider now owns 913,962 shares in the company, valued at $4,213,364.82. This represents a 1.80 % decrease in their position. The disclosure for this sale can be found here. 16.95% of the stock is currently owned by insiders.

Stitch Fix Stock Performance

Shares of NASDAQ:SFIX traded up $0.08 during trading on Friday, reaching $3.79. 6,855,101 shares of the stock were exchanged, compared to its average volume of 2,178,594. The firm's 50-day moving average price is $3.84 and its 200 day moving average price is $3.78. Stitch Fix, Inc. has a 12-month low of $2.06 and a 12-month high of $6.99. The firm has a market cap of $480.72 million, a price-to-earnings ratio of -4.57 and a beta of 1.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its quarterly earnings results on Tuesday, December 10th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate 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 business had revenue of $318.82 million for 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 quarterly revenue was down 12.6% compared to the same quarter last year. As a group, equities research analysts forecast that Stitch Fix, Inc. will post -0.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SFIX shares. Telsey Advisory Group increased their price target on shares of Stitch Fix from $4.00 to $6.00 and gave the company a "market perform" rating in a research report on Wednesday, December 11th. UBS Group raised their price target on Stitch Fix from $2.80 to $5.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Finally, Canaccord Genuity Group boosted their price target on Stitch Fix from $5.00 to $6.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $3.96.

About Stitch Fix

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.