Stitch Fix, Inc. $SFIX Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its position in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 445,097 shares of the company’s stock after purchasing an additional 17,420 shares during the period. Invesco Ltd. owned approximately 0.35% of Stitch Fix worth $1,447,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Federated Hermes Inc. grew its holdings in Stitch Fix by 8.3% during the 1st quarter. Federated Hermes Inc. now owns 104,495 shares of the company’s stock valued at $340,000 after purchasing an additional 7,991 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Stitch Fix by 16.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,277 shares of the company’s stock valued at $247,000 after purchasing an additional 8,066 shares in the last quarter. Barclays PLC grew its holdings in Stitch Fix by 4.9% during the 4th quarter. Barclays PLC now owns 177,168 shares of the company’s stock worth $762,000 after acquiring an additional 8,215 shares in the last quarter. Bank of America Corp DE grew its holdings in Stitch Fix by 8.6% during the 4th quarter. Bank of America Corp DE now owns 115,072 shares of the company’s stock worth $496,000 after acquiring an additional 9,066 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in Stitch Fix by 32.5% during the 1st quarter. Cerity Partners LLC now owns 39,029 shares of the company’s stock worth $127,000 after acquiring an additional 9,577 shares in the last quarter. 71.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, insider Anthony Bacos sold 90,000 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $5.00, for a total value of $450,000.00. Following the transaction, the insider directly owned 829,966 shares in the company, valued at approximately $4,149,830. This trade represents a 9.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Casey O’connor sold 50,000 shares of Stitch Fix stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $4.72, for a total transaction of $236,000.00. Following the completion of the sale, the insider owned 508,621 shares in the company, valued at approximately $2,400,691.12. This represents a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,328,467 shares of company stock worth $11,261,260. Company insiders own 16.95% of the company’s stock.

Stitch Fix Stock Performance

Stitch Fix stock opened at $5.29 on Tuesday. The firm’s 50-day moving average is $4.61 and its 200-day moving average is $4.14. Stitch Fix, Inc. has a 1 year low of $2.21 and a 1 year high of $6.99. The company has a market cap of $690.29 million, a P/E ratio of -11.50 and a beta of 2.03.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings results on Wednesday, June 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping 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 prior year, the company posted ($0.18) EPS. The business’s revenue was up .7% on a year-over-year basis. As a group, sell-side analysts predict that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

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.