State Street Corp Decreases Stock Holdings in Stitch Fix, Inc. (NASDAQ:SFIX)

State Street Corp lessened its stake in Stitch Fix, Inc. (NASDAQ:SFIX) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,728,529 shares of the company’s stock after selling 6,475 shares during the period. State Street Corp owned 1.36% of Stitch Fix worth $4,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN grew 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Stitch Fix by 32.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 499,142 shares of the company’s stock valued at $1,408,000 after acquiring an additional 121,084 shares in the last quarter. Hodges Capital Management Inc. boosted its stake in Stitch Fix by 286.2% in the second quarter. Hodges Capital Management Inc. now owns 2,511,100 shares of the company’s stock valued at $10,421,000 after acquiring an additional 1,860,950 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Stitch Fix by 11.7% in the second quarter. Renaissance Technologies LLC now owns 4,432,600 shares of the company’s stock worth $18,395,000 after purchasing an additional 465,900 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Stitch Fix during the third quarter worth $2,862,000. 71.04% of the stock is currently owned by institutional investors.

Stitch Fix Trading Up 4.0 %

Shares of NASDAQ:SFIX opened at $4.15 on Monday. Stitch Fix, Inc. has a twelve month low of $2.06 and a twelve month high of $6.99. The company has a market cap of $526.38 million, a PE ratio of -5.00 and a beta of 1.99. The company’s 50 day moving average is $3.94 and its 200 day moving average is $3.79.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $318.82 million for the quarter, compared to analyst estimates of $306.88 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The business’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.30) earnings per share. Equities research analysts predict that Stitch Fix, Inc. will post -0.46 earnings per share for the current fiscal year.

Insider Transactions at Stitch Fix

In other news, insider Anthony Bacos sold 16,720 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $4.61, for a total transaction of $77,079.20. Following the sale, the insider now directly owns 913,962 shares of the company’s stock, valued at $4,213,364.82. This represents a 1.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Katrina Lake sold 725,002 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $5.78, for a total value of $4,190,511.56. The disclosure for this sale can be found here. Company insiders own 16.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group raised their price objective on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Canaccord Genuity Group raised 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. Finally, Telsey Advisory Group upped their price objective on shares of Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $3.96.

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.