Cwm LLC increased its holdings in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 2.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 106,724 shares of the company’s stock after purchasing an additional 2,796 shares during the quarter. Cwm LLC owned 0.10% of Stitch Fix worth $5,287,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Concorde Asset Management LLC bought a new stake in Stitch Fix during the 4th quarter worth approximately $1,593,000. Scout Investments Inc. bought a new stake in Stitch Fix during the 1st quarter worth approximately $13,393,000. Radnor Capital Management LLC bought a new stake in Stitch Fix during the 4th quarter worth approximately $435,000. New York State Common Retirement Fund increased its stake in Stitch Fix by 5.8% during the 4th quarter. New York State Common Retirement Fund now owns 54,500 shares of the company’s stock worth $3,200,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Kovack Advisors Inc. bought a new stake in Stitch Fix during the 4th quarter worth approximately $262,000. 55.51% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on SFIX. Canaccord Genuity reduced their price target on Stitch Fix from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, March 15th. Piper Sandler upped their price target on Stitch Fix from $38.00 to $47.00 in a research report on Tuesday, March 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $54.00 price target on shares of Stitch Fix in a research report on Monday, March 15th. KeyCorp reduced their price target on Stitch Fix to $75.00 and set an “overweight” rating for the company in a research report on Monday, March 15th. Finally, Evercore ISI initiated coverage on Stitch Fix in a research report on Tuesday, April 13th. They set an “outperform” rating and a $78.00 price target for the company. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $77.18.
Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Sunday, March 7th. The company reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.02. Stitch Fix had a negative return on equity of 13.58% and a negative net margin of 3.27%. The company had revenue of $504.10 million for the quarter, compared to analysts’ expectations of $512.17 million. During the same quarter last year, the business earned $0.11 earnings per share. Stitch Fix’s revenue was up 11.6% on a year-over-year basis. Research analysts anticipate that Stitch Fix, Inc. will post -0.25 earnings per share for the current year.
In related news, Director Marka Hansen sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 10th. The stock was sold at an average price of $50.08, for a total value of $500,800.00. Following the sale, the director now directly owns 10,000 shares of the company’s stock, valued at $500,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Katrina Lake sold 33,360 shares of the firm’s stock in a transaction dated Thursday, April 22nd. The shares were sold at an average price of $43.16, for a total value of $1,439,817.60. Following the completion of the sale, the chief executive officer now directly owns 15,437 shares in the company, valued at $666,260.92. The disclosure for this sale can be found here. Insiders sold 311,035 shares of company stock worth $15,575,252 in the last 90 days. 45.10% of the stock is owned by company insiders.
Stitch Fix Company Profile
Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile application in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc.
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