Stitch Fix, Inc. $SFIX Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 29.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 328,342 shares of the company’s stock after buying an additional 74,142 shares during the period. Russell Investments Group Ltd. owned approximately 0.25% of Stitch Fix worth $1,067,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SFIX. Diversified Trust Co acquired a new position in Stitch Fix during the 1st quarter valued at about $99,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Stitch Fix by 96.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,786 shares of the company’s stock worth $107,000 after purchasing an additional 12,177 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Stitch Fix by 68.0% in the 4th quarter. ProShare Advisors LLC now owns 28,525 shares of the company’s stock worth $123,000 after purchasing an additional 11,542 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Stitch Fix by 32.5% in the 1st quarter. Cerity Partners LLC now owns 39,029 shares of the company’s stock worth $127,000 after purchasing an additional 9,577 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Stitch Fix in the 4th quarter worth approximately $134,000. Institutional investors and hedge funds own 71.04% of the company’s stock.

Stitch Fix Price Performance

Shares of SFIX opened at $5.56 on Friday. Stitch Fix, Inc. has a one year low of $2.21 and a one year high of $6.99. The company has a 50-day moving average of $4.55 and a two-hundred day moving average of $4.16. The stock has a market cap of $725.51 million, a price-to-earnings ratio of -12.09 and a beta of 2.01.

Stitch Fix (NASDAQ:SFIX) last announced its earnings results on Wednesday, June 11th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.05. Stitch Fix had a negative net margin of 4.44% and a negative return on equity of 18.15%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.18) earnings per share. Analysts anticipate that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SFIX. Wall Street Zen cut shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday, June 11th. William Blair raised shares of Stitch Fix from a “market perform” rating to an “outperform” rating in a research note on Monday, July 14th. Finally, Zacks Research upgraded shares of Stitch Fix to a “hold” rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.67.

Insider Buying and Selling at Stitch Fix

In related news, insider Casey O’connor sold 31,248 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $5.34, for a total transaction of $166,864.32. Following the completion of the sale, the insider directly owned 498,621 shares in the company, valued at approximately $2,662,636.14. This trade represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Anthony Bacos sold 90,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $5.00, for a total transaction of $450,000.00. Following the sale, the insider owned 829,966 shares of the company’s stock, valued at approximately $4,149,830. This represents a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,328,467 shares of company stock valued at $11,261,260 in the last 90 days. Corporate insiders own 16.95% of the company’s stock.

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.