Stitch Fix, Inc. (NASDAQ:SFIX) Stock Holdings Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its stake in Stitch Fix, Inc. (NASDAQ:SFIX – Get Rating) by 35.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,749,500 shares of the company’s stock after selling 948,076 shares during the period. Renaissance Technologies LLC owned 1.58% of Stitch Fix worth $6,911,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SFIX. Allspring Global Investments Holdings LLC grew its position in shares of Stitch Fix by 73.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,652 shares of the company’s stock valued at $34,000 after buying an additional 3,667 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Stitch Fix during the 2nd quarter valued at about $49,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Stitch Fix during the 3rd quarter valued at about $41,000. Verition Fund Management LLC bought a new stake in shares of Stitch Fix during the 2nd quarter valued at about $56,000. Finally, Prelude Capital Management LLC bought a new stake in shares of Stitch Fix during the 2nd quarter valued at about $63,000. Institutional investors own 68.38% of the company’s stock.

Stitch Fix Price Performance

SFIX stock opened at $4.99 on Friday. Stitch Fix, Inc. has a 12 month low of $2.63 and a 12 month high of $11.50. The firm has a market cap of $552.94 million, a PE ratio of -1.86 and a beta of 2.22. The firm has a 50 day simple moving average of $4.51 and a 200 day simple moving average of $4.26.

Stitch Fix (NASDAQ:SFIX – Get Rating) last released its earnings results on Tuesday, March 7th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.01). Stitch Fix had a negative net margin of 16.06% and a negative return on equity of 70.72%. The business had revenue of $412.12 million for the quarter, compared to analyst estimates of $412.94 million. During the same period in the prior year, the company earned ($0.02) earnings per share. The firm’s revenue for the quarter was down 20.2% on a year-over-year basis. As a group, sell-side analysts expect that Stitch Fix, Inc. will post -1.36 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SFIX. Morgan Stanley boosted their price objective on shares of Stitch Fix from $3.00 to $4.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 18th. Barclays reduced their target price on shares of Stitch Fix from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 7th. Telsey Advisory Group reissued a “market perform” rating and set a $5.00 target price on shares of Stitch Fix in a research note on Wednesday. Wells Fargo & Company raised shares of Stitch Fix from an “underweight” rating to an “equal weight” rating and set a $4.00 target price for the company in a research note on Friday, January 6th. Finally, UBS Group reduced their target price on shares of Stitch Fix from $4.30 to $4.20 and set a “neutral” rating for the company in a research note on Wednesday, December 7th. Two research analysts have rated the stock with a sell rating and sixteen have given a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.34.

About Stitch Fix

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Stitch Fix, Inc engages in the provision of personalized shipments of apparel, shoes, and accessories. The firm also delivers personalization to clients through the pairing of data science and human judgment. The company was founded by Katrina Lake and Erin Morrison Flynn in February 2011 and is headquartered in San Francisco, CA.