Stitch Fix, Inc. (NASDAQ:SFIX) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in Stitch Fix, Inc. (NASDAQ:SFIX) by 18.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,225,160 shares of the company’s stock after selling 272,200 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.97% of Stitch Fix worth $5,280,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SFIX. Disciplined Growth Investors Inc. MN grew its position in Stitch Fix by 48.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock valued at $38,731,000 after buying an additional 4,460,668 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Stitch Fix in the 4th quarter worth approximately $299,000. Hodges Capital Management Inc. boosted its holdings in shares of Stitch Fix by 34.4% in the third quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock valued at $9,518,000 after acquiring an additional 864,100 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Stitch Fix by 72.7% during the third quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company’s stock valued at $455,000 after acquiring an additional 67,892 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Stitch Fix by 2,253.6% during the third quarter. Public Employees Retirement System of Ohio now owns 146,750 shares of the company’s stock worth $414,000 after purchasing an additional 140,515 shares in the last quarter. Institutional investors own 71.04% of the company’s stock.

Stitch Fix Stock Down 3.2 %

Shares of NASDAQ:SFIX opened at $3.68 on Wednesday. Stitch Fix, Inc. has a 12 month low of $2.06 and a 12 month high of $6.99. The firm has a market cap of $473.97 million, a P/E ratio of -4.43 and a beta of 2.13. The company’s 50-day moving average price is $4.67 and its two-hundred day moving average price is $4.08.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SFIX. Canaccord Genuity Group upped their price objective on Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday, March 12th. Finally, UBS Group increased their target price on shares of Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.50.

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.