Barclays PLC Has $475,000 Holdings in Stitch Fix, Inc. (NASDAQ:SFIX)

Barclays PLC boosted its holdings in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 30.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,953 shares of the company’s stock after purchasing an additional 39,713 shares during the period. Barclays PLC owned 0.13% of Stitch Fix worth $475,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN grew its holdings in shares of Stitch Fix by 48.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock worth $38,731,000 after purchasing an additional 4,460,668 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Stitch Fix during the 3rd quarter worth about $2,862,000. Hodges Capital Management Inc. grew its holdings in Stitch Fix by 34.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock worth $9,518,000 after acquiring an additional 864,100 shares during the last quarter. Renaissance Technologies LLC increased its position in Stitch Fix by 11.7% in the 2nd quarter. Renaissance Technologies LLC now owns 4,432,600 shares of the company’s stock valued at $18,395,000 after acquiring an additional 465,900 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Stitch Fix by 2,253.6% in the third quarter. Public Employees Retirement System of Ohio now owns 146,750 shares of the company’s stock worth $414,000 after acquiring an additional 140,515 shares during the last quarter. Institutional investors own 71.04% of the company’s stock.

Insiders Place Their Bets

In other Stitch Fix news, Director Katrina Lake sold 725,002 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anthony Bacos sold 16,720 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $4.61, for a total transaction of $77,079.20. Following the completion of the sale, the insider now owns 913,962 shares in the company, valued at approximately $4,213,364.82. This trade represents a 1.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 16.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SFIX. Canaccord Genuity Group increased their price target on shares of Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. 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. Finally, Telsey Advisory Group lifted their target price on Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.96.

Stitch Fix Stock Performance

Shares of SFIX stock opened at $5.05 on Friday. The firm’s 50 day moving average price is $4.39 and its two-hundred day moving average price is $3.89. Stitch Fix, Inc. has a 52-week low of $2.06 and a 52-week high of $6.99. The stock has a market cap of $640.53 million, a PE ratio of -6.08 and a beta of 1.99.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The company had revenue of $318.82 million for the quarter, compared to the consensus estimate of $306.88 million. During the same quarter in the prior year, the business posted ($0.30) EPS. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. As a group, sell-side analysts predict that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal 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.