American Century Companies Inc. Has $686,000 Holdings in Stitch Fix, Inc. $SFIX

American Century Companies Inc. grew its stake in Stitch Fix, Inc. (NASDAQ:SFIX) by 12.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 211,059 shares of the company’s stock after buying an additional 24,037 shares during the quarter. American Century Companies Inc. owned 0.16% of Stitch Fix worth $686,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Focus Partners Wealth bought a new stake in Stitch Fix during the fourth quarter worth $1,183,000. Russell Investments Group Ltd. lifted its stake in shares of Stitch Fix by 29.2% during the 1st quarter. Russell Investments Group Ltd. now owns 328,342 shares of the company’s stock worth $1,067,000 after buying an additional 74,142 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Stitch Fix during the 4th quarter worth about $353,000. Nuveen LLC acquired a new stake in shares of Stitch Fix during the 1st quarter worth about $4,159,000. Finally, Nuveen Asset Management LLC increased its position in Stitch Fix by 14.8% during the fourth quarter. Nuveen Asset Management LLC now owns 1,985,413 shares of the company’s stock worth $8,557,000 after acquiring an additional 255,508 shares during the period. Institutional investors and hedge funds own 71.04% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Working Capital Advisors (Uk) sold 1,370,931 shares of the business’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $4.68, for a total value of $6,415,957.08. Following the sale, the insider directly owned 10,608,822 shares in the company, valued at approximately $49,649,286.96. The trade was a 11.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Katrina Lake sold 151,150 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $5.03, for a total value of $760,284.50. The disclosure for this sale can be found here. Insiders sold a total of 2,328,467 shares of company stock worth $11,261,260 in the last ninety days. 16.95% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Stitch Fix Price Performance

SFIX opened at $5.61 on Friday. The firm’s fifty day moving average price is $4.71 and its two-hundred day moving average price is $4.16. The company has a market capitalization of $732.05 million, a price-to-earnings ratio of -12.20 and a beta of 2.03. Stitch Fix, Inc. has a 1 year low of $2.21 and a 1 year high of $6.99.

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

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.