7,659 Shares in Stitch Fix, Inc. (NASDAQ:SFIX) Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System purchased a new position in Stitch Fix, Inc. (NASDAQ:SFIX) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,659 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SFIX. Balyasny Asset Management L.P. acquired a new position in Stitch Fix in the 1st quarter worth approximately $7,557,000. Federated Hermes Inc. grew its stake in shares of Stitch Fix by 212.1% during the 1st quarter. Federated Hermes Inc. now owns 1,825,064 shares of the company’s stock worth $18,378,000 after purchasing an additional 1,240,320 shares during the period. BlackRock Inc. grew its stake in shares of Stitch Fix by 14.5% during the 2nd quarter. BlackRock Inc. now owns 9,414,481 shares of the company’s stock worth $36,246,000 after purchasing an additional 1,190,244 shares during the period. Renaissance Technologies LLC grew its stake in shares of Stitch Fix by 95.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,248,400 shares of the company’s stock worth $8,656,000 after purchasing an additional 1,097,000 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Stitch Fix by 50.3% during the 4th quarter. Millennium Management LLC now owns 3,088,465 shares of the company’s stock worth $9,605,000 after purchasing an additional 1,033,703 shares during the period. Institutional investors and hedge funds own 71.04% of the company’s stock.

Insider Buying and Selling at Stitch Fix

In other Stitch Fix news, CAO Sarah Barkema sold 16,311 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $2.24, for a total value of $36,536.64. Following the transaction, the chief accounting officer now owns 138,535 shares in the company, valued at approximately $310,318.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 25.90% of the stock is currently owned by insiders.

Stitch Fix Stock Performance

Shares of SFIX stock opened at $2.14 on Friday. The stock’s fifty day moving average is $2.73 and its two-hundred day moving average is $3.21. The firm has a market capitalization of $257.16 million, a P/E ratio of -2.08 and a beta of 1.90. Stitch Fix, Inc. has a fifty-two week low of $2.12 and a fifty-two week high of $5.20.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Monday, March 4th. The company reported ($0.21) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.21). The company had revenue of $330.40 million for the quarter, compared to analyst estimates of $331.73 million. Stitch Fix had a negative return on equity of 39.98% and a negative net margin of 8.29%. On average, equities analysts forecast that Stitch Fix, Inc. will post -0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SFIX shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $4.00 price objective on shares of Stitch Fix in a research note on Tuesday, March 5th. Canaccord Genuity Group dropped their price objective on shares of Stitch Fix from $4.00 to $3.50 and set a “hold” rating on the stock in a research note on Tuesday, March 5th. Truist Financial dropped their price objective on shares of Stitch Fix from $4.00 to $3.50 and set a “hold” rating on the stock in a research note on Tuesday, March 5th. Mizuho began coverage on shares of Stitch Fix in a research note on Tuesday, March 19th. They issued an “underperform” rating and a $2.00 price target on the stock. Finally, Wedbush dropped their price target on shares of Stitch Fix from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 5th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Stitch Fix currently has a consensus rating of “Hold” and an average price target of $3.16.

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.