Stitch Fix, Inc. $SFIX Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its holdings in Stitch Fix, Inc. (NASDAQ:SFIX) by 12.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,735 shares of the company’s stock after selling 9,412 shares during the period. Deutsche Bank AG owned 0.05% of Stitch Fix worth $220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Focus Partners Wealth acquired a new stake in Stitch Fix during the 4th quarter valued at $1,183,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Stitch Fix in the fourth quarter valued at approximately $661,000. Point72 Asset Management L.P. acquired a new position in Stitch Fix during the 4th quarter worth $353,000. Nuveen Asset Management LLC raised its position in shares of Stitch Fix by 14.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,985,413 shares of the company’s stock worth $8,557,000 after buying an additional 255,508 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Stitch Fix by 36.3% during the 4th quarter. Ameriprise Financial Inc. now owns 424,182 shares of the company’s stock valued at $1,828,000 after purchasing an additional 112,974 shares in the last quarter. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Katrina Lake sold 453,485 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $5.06, for a total value of $2,294,634.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David Aufderhaar sold 20,538 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $5.10, for a total value of $104,743.80. Following the completion of the sale, the chief financial officer owned 937,338 shares in the company, valued at $4,780,423.80. The trade was a 2.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,328,467 shares of company stock worth $11,261,260 in the last three months. 16.95% of the stock is owned by corporate insiders.

Stitch Fix Price Performance

SFIX opened at $5.29 on Friday. The firm has a 50 day simple moving average of $4.58 and a 200 day simple moving average of $4.15. Stitch Fix, Inc. has a fifty-two week low of $2.21 and a fifty-two week high of $6.99. The company has a market cap of $690.29 million, a price-to-earnings ratio of -11.50 and a beta of 2.01.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Wednesday, June 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. During the same period in the previous year, the firm earned ($0.18) EPS. The company’s revenue was up .7% compared to the same quarter last year. As a group, analysts expect that Stitch Fix, Inc. will post -0.44 EPS for the current year.

Wall Street Analyst Weigh In

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

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.