Northern Trust Corp Boosts Stock Holdings in Stitch Fix, Inc. (NASDAQ:SFIX)

Northern Trust Corp boosted its stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 15.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 876,132 shares of the company’s stock after acquiring an additional 115,377 shares during the period. Northern Trust Corp owned 0.69% of Stitch Fix worth $3,776,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Rhumbline Advisers grew its stake in shares of Stitch Fix by 1.5% in the 4th quarter. Rhumbline Advisers now owns 149,625 shares of the company’s stock worth $645,000 after buying an additional 2,255 shares in the last quarter. Corebridge Financial Inc. grew its stake in shares of Stitch Fix by 4.8% in the 4th quarter. Corebridge Financial Inc. now owns 50,355 shares of the company’s stock worth $217,000 after buying an additional 2,295 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Stitch Fix by 4.1% in the 4th quarter. Federated Hermes Inc. now owns 96,504 shares of the company’s stock worth $416,000 after buying an additional 3,771 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Stitch Fix in the 4th quarter worth $29,000. Finally, Cerity Partners LLC grew its stake in shares of Stitch Fix by 31.1% in the 4th quarter. Cerity Partners LLC now owns 29,452 shares of the company’s stock worth $124,000 after buying an additional 6,993 shares in the last quarter. 71.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Stitch Fix Stock Up 4.4%

Shares of NASDAQ:SFIX opened at $4.29 on Friday. The firm has a fifty day simple moving average of $3.42 and a two-hundred day simple moving average of $4.14. The stock has a market capitalization of $552.54 million, a P/E ratio of -5.17 and a beta of 2.00. Stitch Fix, Inc. has a 52 week low of $2.18 and a 52 week high of $6.99.

Stitch Fix (NASDAQ:SFIX) last released its earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.06. The firm had revenue of $312.11 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned ($0.29) EPS. On average, analysts expect that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

Insider Transactions at Stitch Fix

In other news, insider Casey O’connor sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $3.04, for a total value of $152,000.00. Following the completion of the sale, the insider now owns 575,755 shares in the company, valued at approximately $1,750,295.20. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 16.95% of the company’s stock.

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.