Stitch Fix, Inc. (NASDAQ:SFIX) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 41.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,647 shares of the company’s stock after selling 17,041 shares during the period. Sei Investments Co.’s holdings in Stitch Fix were worth $102,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SFIX. Ieq Capital LLC purchased a new position in shares of Stitch Fix in the 4th quarter valued at approximately $299,000. JPMorgan Chase & Co. increased its stake in Stitch Fix by 72.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company’s stock valued at $455,000 after purchasing an additional 67,892 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Stitch Fix in the fourth quarter worth $365,000. Public Employees Retirement System of Ohio lifted its stake in shares of Stitch Fix by 2,253.6% during the third quarter. Public Employees Retirement System of Ohio now owns 146,750 shares of the company’s stock worth $414,000 after buying an additional 140,515 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Stitch Fix by 46.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 732,990 shares of the company’s stock valued at $3,159,000 after buying an additional 233,848 shares during the last quarter. Institutional investors and hedge funds own 71.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group restated a “market perform” rating and issued a $6.00 target price on shares of Stitch Fix in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, Stitch Fix currently has an average rating of “Hold” and an average target price of $4.50.

Stitch Fix Stock Performance

NASDAQ SFIX opened at $2.99 on Friday. Stitch Fix, Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $6.99. The firm has a market capitalization of $385.10 million, a P/E ratio of -3.60 and a beta of 2.03. The stock’s fifty day moving average is $4.11 and its two-hundred day moving average is $4.02.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 7.71% and a negative return on equity of 32.71%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.29) EPS. As a group, sell-side analysts forecast 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.