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

Vanguard Group Inc. raised its position in Stitch Fix, Inc. (NASDAQ:SFIX) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,469,114 shares of the company’s stock after buying an additional 457,568 shares during the period. Vanguard Group Inc. owned approximately 5.10% of Stitch Fix worth $27,882,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SFIX. SBI Securities Co. Ltd. purchased a new position in Stitch Fix in the fourth quarter valued at about $29,000. Pallas Capital Advisors LLC acquired a new position in shares of Stitch Fix in the 4th quarter valued at approximately $46,000. Bellecapital International Ltd. purchased a new position in shares of Stitch Fix during the 4th quarter valued at approximately $55,000. Savant Capital LLC bought a new stake in shares of Stitch Fix in the fourth quarter worth $79,000. Finally, Raymond James Financial Inc. acquired a new stake in Stitch Fix in the fourth quarter valued at $134,000. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Stitch Fix Price Performance

SFIX stock opened at $3.09 on Tuesday. The firm has a fifty day moving average price of $4.07 and a two-hundred day moving average price of $4.03. Stitch Fix, Inc. has a 1-year low of $2.06 and a 1-year high of $6.99. The firm has a market cap of $397.98 million, a price-to-earnings ratio of -3.72 and a beta of 2.03.

Stitch Fix (NASDAQ:SFIX) last posted its earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The company had revenue of $312.11 million for the quarter, compared to analysts’ expectations of $298.04 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the business posted ($0.29) earnings per share. As a group, analysts expect that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reissued a “market perform” rating and set a $6.00 price objective on shares of Stitch Fix in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, Stitch Fix has an average rating of “Hold” and a consensus price target of $4.50.

About Stitch Fix

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.