SBI Securities Co. Ltd. Acquires New Holdings in Stitch Fix, Inc. (NASDAQ:SFIX)

SBI Securities Co. Ltd. acquired a new stake in Stitch Fix, Inc. (NASDAQ:SFIX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,791 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SFIX. Caprock Group LLC purchased a new stake in Stitch Fix during the third quarter worth about $33,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Stitch Fix during the third quarter worth about $36,000. Meeder Asset Management Inc. purchased a new stake in Stitch Fix during the third quarter worth about $44,000. Pallas Capital Advisors LLC purchased a new stake in Stitch Fix during the fourth quarter worth about $46,000. Finally, Creative Planning increased its stake in Stitch Fix by 32.1% during the third quarter. Creative Planning now owns 25,477 shares of the company’s stock worth $72,000 after purchasing an additional 6,194 shares during the period. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SFIX shares. Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a research note on Wednesday. Canaccord Genuity Group boosted their price objective on Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, UBS Group boosted their price objective on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.50.

Insider Activity at Stitch Fix

In related news, insider Anthony Bacos sold 16,720 shares of the company’s stock in a transaction that occurred 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. This represents a 1.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.95% of the stock is currently owned by corporate insiders.

Stitch Fix Stock Performance

Shares of Stitch Fix stock opened at $4.00 on Thursday. The business has a 50-day simple moving average of $4.86 and a 200-day simple moving average of $4.08. The company has a market cap of $507.35 million, a PE ratio of -4.82 and a beta of 2.13. Stitch Fix, Inc. has a one year low of $2.06 and a one year high of $6.99.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The firm had revenue of $312.11 million during the quarter, compared to the consensus estimate of $298.04 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.29) earnings per share. On average, sell-side analysts predict that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

Stitch Fix 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.