ProShare Advisors LLC Acquires 11,542 Shares of Stitch Fix, Inc. (NASDAQ:SFIX)

ProShare Advisors LLC increased its holdings in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 68.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,525 shares of the company’s stock after buying an additional 11,542 shares during the period. ProShare Advisors LLC’s holdings in Stitch Fix were worth $123,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in Stitch Fix in the 4th quarter valued at approximately $29,000. Bellecapital International Ltd. bought a new stake in shares of Stitch Fix in the fourth quarter worth $55,000. Savant Capital LLC acquired a new stake in Stitch Fix in the fourth quarter valued at $79,000. Polymer Capital Management US LLC bought a new position in Stitch Fix during the 4th quarter worth $82,000. Finally, Cerity Partners LLC lifted its holdings in Stitch Fix by 31.1% during 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 during the period. 71.04% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Casey O’connor sold 50,000 shares of the business’s 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 transaction, the insider now owns 575,755 shares in the company, valued at $1,750,295.20. The trade was a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.95% of the company’s stock.

Stitch Fix Stock Up 3.4%

SFIX opened at $4.57 on Tuesday. Stitch Fix, Inc. has a twelve month low of $2.21 and a twelve month high of $6.99. The company has a fifty day moving average of $3.53 and a 200-day moving average of $4.18. The stock has a market cap of $588.60 million, a PE ratio of -5.51 and a beta of 2.00.

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

Analysts Set New Price Targets

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

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.