Charles Schwab Investment Management Inc. Trims Position in Stitch Fix, Inc. (NASDAQ:SFIX)

Charles Schwab Investment Management Inc. cut its position in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 18.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,225,160 shares of the company's stock after selling 272,200 shares during the period. Charles Schwab Investment Management Inc. owned 0.97% of Stitch Fix worth $5,280,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SFIX. SBI Securities Co. Ltd. purchased a new stake in shares of Stitch Fix during the 4th quarter worth about $29,000. Pallas Capital Advisors LLC acquired a new position in Stitch Fix in the 4th quarter worth about $46,000. Caprock Group LLC acquired a new position in Stitch Fix in the 3rd quarter worth about $33,000. Bellecapital International Ltd. purchased a new position in Stitch Fix during the fourth quarter worth approximately $55,000. Finally, Savant Capital LLC acquired a new stake in Stitch Fix in the fourth quarter valued at approximately $79,000. Institutional investors and hedge funds own 71.04% of the company's stock.

Analyst Ratings Changes

SFIX has been the subject of several research analyst reports. Canaccord Genuity Group upped their target price on Stitch Fix from $5.00 to $6.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Telsey Advisory Group restated a "market perform" rating and set a $6.00 price objective on shares of Stitch Fix in a research report on Wednesday, March 12th. Finally, UBS Group lifted their target price on shares of Stitch Fix from $2.80 to $5.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. One 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 company presently has a consensus rating of "Hold" and an average target price of $4.50.

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Stitch Fix Price Performance

NASDAQ SFIX traded down $0.15 during mid-day trading on Friday, hitting $3.25. The stock had a trading volume of 3,381,742 shares, compared to its average volume of 2,405,778. The firm's 50 day moving average is $4.54 and its 200 day moving average is $4.08. The stock has a market capitalization of $418.59 million, a price-to-earnings ratio of -3.92 and a beta of 2.13. Stitch Fix, Inc. has a twelve month low of $2.06 and a twelve month high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.06. The business had revenue of $312.11 million during the quarter, compared to analysts' expectations of $298.04 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The company's quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.29) earnings per share. As a group, equities research analysts expect that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

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.