50,969 Shares in Stitch Fix, Inc. (NASDAQ:SFIX) Acquired by US Bancorp DE

US Bancorp DE purchased a new position in Stitch Fix, Inc. (NASDAQ:SFIX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 50,969 shares of the company’s stock, valued at approximately $220,000.

A number of other large investors also recently added to or reduced their stakes in the business. Caprock Group LLC purchased a new stake in shares of Stitch Fix during the 3rd quarter worth approximately $33,000. Meeder Asset Management Inc. purchased a new stake in shares of Stitch Fix during the 3rd quarter worth approximately $44,000. Pallas Capital Advisors LLC purchased a new stake in shares of Stitch Fix during the 4th quarter worth approximately $46,000. Savant Capital LLC purchased a new stake in shares of Stitch Fix during the 4th quarter worth approximately $79,000. Finally, Versor Investments LP purchased a new stake in shares of Stitch Fix during the 3rd quarter worth approximately $96,000. 71.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SFIX has been the topic of several recent research reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 price objective on shares of Stitch Fix in a report on Wednesday. Canaccord Genuity Group raised their price target 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 raised their price target 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 investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.50.

Stitch Fix Stock Up 3.0 %

SFIX stock opened at $3.83 on Friday. The firm has a market cap of $485.79 million, a price-to-earnings ratio of -4.61 and a beta of 2.13. Stitch Fix, Inc. has a twelve month low of $2.06 and a twelve month high of $6.99. The business’s fifty day simple moving average is $4.84 and its two-hundred day simple moving average is $4.08.

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