Goldman Sachs Group Inc. Sells 644,179 Shares of Stitch Fix, Inc. $SFIX

Goldman Sachs Group Inc. reduced its position in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 41.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 914,125 shares of the company’s stock after selling 644,179 shares during the period. Goldman Sachs Group Inc. owned 0.70% of Stitch Fix worth $2,971,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SFIX. Northern Trust Corp lifted its position in shares of Stitch Fix by 15.2% during the fourth quarter. Northern Trust Corp now owns 876,132 shares of the company’s stock valued at $3,776,000 after purchasing an additional 115,377 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Stitch Fix by 36.3% during the fourth 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. Bank of America Corp DE increased its holdings in Stitch Fix by 8.6% during the fourth quarter. Bank of America Corp DE now owns 115,072 shares of the company’s stock worth $496,000 after buying an additional 9,066 shares during the last quarter. Deutsche Bank AG increased its holdings in Stitch Fix by 63.1% during the fourth quarter. Deutsche Bank AG now owns 77,147 shares of the company’s stock worth $333,000 after buying an additional 29,836 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Stitch Fix by 16.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,277 shares of the company’s stock worth $247,000 after buying an additional 8,066 shares during the last quarter. 71.04% of the stock is owned by institutional investors.

Stitch Fix Price Performance

Shares of Stitch Fix stock opened at $5.67 on Friday. Stitch Fix, Inc. has a 1 year low of $2.21 and a 1 year high of $6.99. The firm has a market cap of $739.88 million, a PE ratio of -12.33 and a beta of 2.03. The company has a 50 day simple moving average of $5.09 and a two-hundred day simple moving average of $4.21.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. UBS Group restated a “neutral” rating on shares of Stitch Fix in a report on Wednesday. Zacks Research upgraded shares of Stitch Fix to a “hold” rating in a research note on Monday, August 11th. Wall Street Zen downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. William Blair upgraded shares of Stitch Fix from a “market perform” rating to an “outperform” rating in a research note on Monday, July 14th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 target price on shares of Stitch Fix in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.00.

Insider Buying and Selling at Stitch Fix

In related news, insider Casey O’connor sold 31,248 shares of Stitch Fix stock in a transaction on Monday, July 28th. The shares were sold at an average price of $5.34, for a total value of $166,864.32. Following the transaction, the insider directly owned 498,621 shares of the company’s stock, valued at $2,662,636.14. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anthony Bacos sold 90,000 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $5.00, for a total transaction of $450,000.00. Following the transaction, the insider directly owned 829,966 shares in the company, valued at approximately $4,149,830. The trade was a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 957,536 shares of company stock valued at $4,845,302. Insiders own 16.95% of the company’s stock.

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.