Stitch Fix, Inc. (NASDAQ:SFIX) Holdings Boosted by Rhumbline Advisers

Rhumbline Advisers grew its holdings in Stitch Fix, Inc. (NASDAQ:SFIX) by 15.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,676 shares of the company’s stock after purchasing an additional 19,367 shares during the period. Rhumbline Advisers owned approximately 0.12% of Stitch Fix worth $609,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Lodestar Private Asset Management LLC acquired a new position in Stitch Fix during the first quarter valued at $29,000. Victory Capital Management Inc. purchased a new position in Stitch Fix during the 4th quarter valued at about $42,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Stitch Fix in the 2nd quarter valued at about $46,000. Pallas Capital Advisors LLC purchased a new stake in shares of Stitch Fix in the second quarter worth approximately $48,000. Finally, CWM LLC boosted its holdings in shares of Stitch Fix by 132.5% during the second quarter. CWM LLC now owns 11,867 shares of the company’s stock worth $49,000 after purchasing an additional 6,762 shares during the period. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Stitch Fix Stock Performance

SFIX opened at $3.75 on Wednesday. The firm has a market cap of $458.78 million, a P/E ratio of -3.68 and a beta of 1.92. The business has a 50 day moving average price of $3.88 and a 200 day moving average price of $3.23. Stitch Fix, Inc. has a twelve month low of $2.06 and a twelve month high of $5.05.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SFIX. Mizuho upped their price objective on shares of Stitch Fix from $2.00 to $3.00 and gave the company an “underperform” rating in a research note on Monday, June 10th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 price target on shares of Stitch Fix in a research note on Wednesday, September 18th. Wedbush reissued a “neutral” rating and set a $3.00 price objective on shares of Stitch Fix in a research report on Wednesday, June 5th. Canaccord Genuity Group boosted their target price on Stitch Fix from $3.50 to $4.50 and gave the company a “hold” rating in a research note on Thursday, June 27th. Finally, Truist Financial raised their price target on Stitch Fix from $3.50 to $4.00 and gave the stock a “hold” rating in a research note on Wednesday, June 5th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, Stitch Fix has a consensus rating of “Hold” and an average target price of $3.45.

Insider Transactions at Stitch Fix

In related news, insider Anthony Bacos sold 42,381 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $4.13, for a total value of $175,033.53. Following the transaction, the insider now directly owns 627,957 shares in the company, valued at approximately $2,593,462.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Katrina Lake sold 537,007 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $5.01, for a total transaction of $2,690,405.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony Bacos sold 42,381 shares of the stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $4.13, for a total transaction of $175,033.53. Following the completion of the sale, the insider now owns 627,957 shares of the company’s stock, valued at approximately $2,593,462.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 626,663 shares of company stock worth $3,101,692. 25.90% of the stock is owned by insiders.

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.