Cwm LLC Has $534,000 Stock Holdings in Stitch Fix, Inc. (NASDAQ:SFIX)

Cwm LLC decreased its position in shares of Stitch Fix, Inc. (NASDAQ:SFIX – Get Rating) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,225 shares of the company’s stock after selling 6,700 shares during the quarter. Cwm LLC owned 0.12% of Stitch Fix worth $534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Stitch Fix by 6.5% in the first quarter. Vanguard Group Inc. now owns 7,964,510 shares of the company’s stock valued at $80,203,000 after acquiring an additional 483,213 shares during the last quarter. Federated Hermes Inc. boosted its position in Stitch Fix by 56.6% in the second quarter. Federated Hermes Inc. now owns 2,858,763 shares of the company’s stock valued at $14,122,000 after buying an additional 1,033,699 shares in the last quarter. Renaissance Technologies LLC boosted its position in Stitch Fix by 59.4% in the second quarter. Renaissance Technologies LLC now owns 2,697,576 shares of the company’s stock valued at $13,326,000 after buying an additional 1,005,176 shares in the last quarter. State Street Corp boosted its position in Stitch Fix by 22.2% in the second quarter. State Street Corp now owns 2,376,306 shares of the company’s stock valued at $11,739,000 after buying an additional 432,206 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Stitch Fix by 45.5% in the second quarter. Goldman Sachs Group Inc. now owns 1,761,256 shares of the company’s stock valued at $8,701,000 after buying an additional 550,852 shares in the last quarter. Institutional investors own 68.38% of the company’s stock.

Wall Street Analyst Weigh In

SFIX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered shares of Stitch Fix from a “neutral” rating to an “underweight” rating in a research report on Tuesday, December 20th. Telsey Advisory Group dropped their price target on shares of Stitch Fix from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Wednesday, December 7th. BMO Capital Markets decreased their price objective on shares of Stitch Fix from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, September 21st. UBS Group decreased their price objective on shares of Stitch Fix from $4.30 to $4.20 and set a “neutral” rating for the company in a research report on Wednesday, December 7th. Finally, Morgan Stanley decreased their price objective on shares of Stitch Fix from $4.00 to $3.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 25th. Two investment analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the stock. According to data from MarketBeat, Stitch Fix presently has a consensus rating of “Hold” and a consensus target price of $6.28.

Stitch Fix Stock Up 3.6 %

SFIX stock opened at $4.31 on Friday. The firm has a market cap of $477.58 million, a PE ratio of -1.80 and a beta of 1.93. The business has a 50 day moving average of $3.66 and a 200-day moving average of $4.65. Stitch Fix, Inc. has a 12-month low of $2.63 and a 12-month high of $18.61.

Stitch Fix Company Profile

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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.