Vanguard Group Inc. Grows Stock Position in Stitch Fix, Inc. (NASDAQ:SFIX)

Vanguard Group Inc. grew its position in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,469,114 shares of the company's stock after purchasing an additional 457,568 shares during the quarter. Vanguard Group Inc. owned approximately 5.10% of Stitch Fix worth $27,882,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers lifted its position in Stitch Fix by 1.5% in the fourth quarter. Rhumbline Advisers now owns 149,625 shares of the company's stock valued at $645,000 after purchasing an additional 2,255 shares during the period. SBI Securities Co. Ltd. acquired a new position in Stitch Fix during the 4th quarter worth approximately $29,000. Pallas Capital Advisors LLC acquired a new stake in shares of Stitch Fix in the 4th quarter valued at approximately $46,000. Bellecapital International Ltd. acquired a new stake in shares of Stitch Fix in the 4th quarter valued at approximately $55,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Stitch Fix by 7.5% in the fourth quarter. Bank of New York Mellon Corp now owns 258,299 shares of the company's stock valued at $1,113,000 after buying an additional 17,943 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company's stock.

Insider Activity at Stitch Fix

In related news, insider Casey O'connor sold 50,000 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $3.04, for a total transaction of $152,000.00. Following the sale, the insider now owns 575,755 shares of the company's stock, valued at $1,750,295.20. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.95% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $6.00 target price on shares of Stitch Fix in a report on Wednesday, March 12th. 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.com, the stock currently has an average rating of "Hold" and an average price target of $4.50.

Stitch Fix Stock Performance

SFIX stock traded up $0.08 during midday trading on Friday, hitting $3.06. 1,405,149 shares of the stock were exchanged, compared to its average volume of 2,455,580. The stock's 50-day moving average price is $3.92 and its 200-day moving average price is $4.03. The stock has a market cap of $393.47 million, a price-to-earnings ratio of -3.68 and a beta of 2.03. Stitch Fix, Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.06. The business had revenue of $312.11 million during the quarter, compared to the consensus estimate of $298.04 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The business's revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.29) EPS. Research analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current year.

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.