Stitch Fix, Inc. (NASDAQ:SFIX) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in Stitch Fix, Inc. (NASDAQ:SFIX) by 52.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 28,851 shares of the company’s stock after selling 32,339 shares during the period. BNP Paribas Financial Markets’ holdings in Stitch Fix were worth $81,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. SG Americas Securities LLC lifted its holdings in shares of Stitch Fix by 92.3% during the second quarter. SG Americas Securities LLC now owns 19,780 shares of the company’s stock worth $82,000 after purchasing an additional 9,494 shares during the period. Bank of New York Mellon Corp raised its position in Stitch Fix by 20.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 314,625 shares of the company’s stock worth $1,306,000 after buying an additional 52,538 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Stitch Fix by 15.2% in the 2nd quarter. Rhumbline Advisers now owns 146,676 shares of the company’s stock worth $609,000 after acquiring an additional 19,367 shares during the period. Hodges Capital Management Inc. boosted its holdings in shares of Stitch Fix by 286.2% in the second quarter. Hodges Capital Management Inc. now owns 2,511,100 shares of the company’s stock valued at $10,421,000 after acquiring an additional 1,860,950 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Stitch Fix by 16.2% during the second quarter. American Century Companies Inc. now owns 122,215 shares of the company’s stock worth $507,000 after acquiring an additional 17,027 shares during the period. Institutional investors and hedge funds own 71.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SFIX. Canaccord Genuity Group raised their price objective on shares of Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Telsey Advisory Group raised their price target on Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a report on Wednesday, December 11th. Finally, UBS Group upped their price objective on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, Stitch Fix presently has an average rating of “Hold” and a consensus price target of $3.96.

Insider Buying and Selling at Stitch Fix

In other news, insider Anthony Bacos sold 16,720 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $4.61, for a total value of $77,079.20. Following the completion of the transaction, the insider now directly owns 913,962 shares of the company’s stock, valued at $4,213,364.82. The trade was a 1.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Katrina Lake sold 725,002 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $5.78, for a total value of $4,190,511.56. The disclosure for this sale can be found here. Insiders own 16.95% of the company’s stock.

Stitch Fix Stock Performance

Shares of SFIX stock opened at $3.71 on Friday. The stock has a fifty day moving average price of $3.81 and a 200 day moving average price of $3.77. The stock has a market cap of $470.57 million, a PE ratio of -4.47 and a beta of 1.99. Stitch Fix, Inc. has a 1 year low of $2.06 and a 1 year high of $6.99.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.09. The business had revenue of $318.82 million during the quarter, compared to the consensus estimate of $306.88 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The business’s revenue was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.30) EPS. As a group, equities research analysts predict that Stitch Fix, Inc. will post -0.46 earnings per share 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.