Stitch Fix, Inc. (NASDAQ:SFIX) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Stitch Fix, Inc. (NASDAQ:SFIX) by 149.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 402,328 shares of the company’s stock after buying an additional 241,103 shares during the quarter. JPMorgan Chase & Co. owned about 0.32% of Stitch Fix worth $1,734,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Stitch Fix by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company’s stock worth $27,882,000 after acquiring an additional 457,568 shares during the last quarter. Geode Capital Management LLC raised its position in Stitch Fix by 3.8% in the third quarter. Geode Capital Management LLC now owns 2,294,925 shares of the company’s stock valued at $6,473,000 after purchasing an additional 83,220 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in 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 worth $3,159,000 after purchasing an additional 233,848 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Stitch Fix by 7.5% during the fourth quarter. Bank of New York Mellon Corp now owns 258,299 shares of the company’s stock worth $1,113,000 after buying an additional 17,943 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Stitch Fix by 16.5% in the fourth quarter. American Century Companies Inc. now owns 187,022 shares of the company’s stock valued at $806,000 after buying an additional 26,492 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Insider Buying and Selling at Stitch Fix

In other news, insider Casey O’connor sold 50,000 shares of Stitch Fix stock in a transaction on Monday, April 14th. The shares were sold at an average price of $3.04, for a total transaction of $152,000.00. Following the completion of the sale, the insider now directly owns 575,755 shares of the company’s stock, valued at approximately $1,750,295.20. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.95% of the company’s stock.

Stitch Fix Trading Up 6.8 %

Stitch Fix stock opened at $3.28 on Friday. The firm has a market capitalization of $422.45 million, a P/E ratio of -3.95 and a beta of 2.03. The stock’s fifty day simple moving average is $3.78 and its 200-day simple moving average is $4.03. Stitch Fix, Inc. has a twelve month low of $2.07 and a twelve month high of $6.99.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly 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. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The company had revenue of $312.11 million for the quarter, compared to analyst estimates of $298.04 million. During the same quarter last year, the company earned ($0.29) EPS. Stitch Fix’s revenue for the quarter was down 5.5% compared to the same quarter last year. Sell-side analysts predict that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

Analysts Set New Price Targets

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

Stitch Fix Company 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.