Savant Capital LLC Invests $79,000 in Stitch Fix, Inc. (NASDAQ:SFIX)

Savant Capital LLC purchased a new position in shares of Stitch Fix, Inc. (NASDAQ:SFIX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,444 shares of the company’s stock, valued at approximately $79,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caprock Group LLC acquired a new stake in Stitch Fix in the 3rd quarter valued at approximately $33,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Stitch Fix in the 3rd quarter valued at approximately $36,000. Meeder Asset Management Inc. acquired a new stake in Stitch Fix in the 3rd quarter valued at approximately $44,000. Pallas Capital Advisors LLC acquired a new stake in Stitch Fix in the 4th quarter valued at approximately $46,000. Finally, CWM LLC increased its position in Stitch Fix by 112.1% in the 3rd quarter. CWM LLC now owns 25,175 shares of the company’s stock valued at $71,000 after acquiring an additional 13,308 shares during the period. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SFIX has been the topic of several analyst reports. Telsey Advisory Group raised their target price on Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a research report on Wednesday, December 11th. Canaccord Genuity Group increased their price target on Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Finally, UBS Group increased their price target on Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, Stitch Fix currently has an average rating of “Hold” and a consensus target price of $3.96.

Stitch Fix Stock Up 0.2 %

SFIX opened at $5.40 on Thursday. The firm has a market cap of $684.94 million, a PE ratio of -6.51 and a beta of 1.99. The business has a fifty day simple moving average of $4.68 and a 200-day simple moving average of $3.97. Stitch Fix, Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $6.99.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) earnings per share 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 analyst estimates of $306.88 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The company’s revenue was down 12.6% compared to the same quarter last year. During the same period last year, the company posted ($0.30) EPS. On average, equities research analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Insider Transactions at Stitch Fix

In other news, Director Katrina Lake sold 725,002 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total value of $4,190,511.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony Bacos sold 16,720 shares of the firm’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 sale, the insider now directly owns 913,962 shares of the company’s stock, valued at approximately $4,213,364.82. This trade represents a 1.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.95% of the company’s stock.

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.