Stitch Fix, Inc. (NASDAQ:SFIX) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its holdings in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 25.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,985 shares of the company’s stock after selling 4,092 shares during the period. ProShare Advisors LLC’s holdings in Stitch Fix were worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in Stitch Fix by 11.7% during the 2nd quarter. Renaissance Technologies LLC now owns 4,432,600 shares of the company’s stock valued at $18,395,000 after buying an additional 465,900 shares in the last quarter. Maple Rock Capital Partners Inc. acquired a new position in shares of Stitch Fix in the first quarter valued at about $8,994,000. Hodges Capital Management Inc. increased its holdings in shares of Stitch Fix by 286.2% in the second quarter. Hodges Capital Management Inc. now owns 2,511,100 shares of the company’s stock valued at $10,421,000 after purchasing an additional 1,860,950 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of Stitch Fix by 673.2% in the first quarter. Los Angeles Capital Management LLC now owns 516,782 shares of the company’s stock valued at $1,364,000 after purchasing an additional 449,948 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Stitch Fix by 20.0% in the second quarter. Bank of New York Mellon Corp now owns 314,625 shares of the company’s stock valued at $1,306,000 after purchasing an additional 52,538 shares during the period. 71.04% of the stock is owned by institutional investors and hedge funds.

Stitch Fix Price Performance

NASDAQ SFIX opened at $2.70 on Tuesday. The company has a market cap of $330.32 million, a PE ratio of -2.65 and a beta of 1.90. The stock’s 50 day simple moving average is $3.54 and its 200-day simple moving average is $3.25. Stitch Fix, Inc. has a 1-year low of $2.06 and a 1-year high of $5.05.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Canaccord Genuity Group cut their price objective on Stitch Fix from $4.50 to $3.50 and set a “hold” rating on the stock in a report on Wednesday, September 25th. Mizuho upped their target price on Stitch Fix from $2.00 to $3.00 and gave the stock an “underperform” rating in a research note on Monday, June 10th. Telsey Advisory Group restated a “market perform” rating and issued a $4.00 target price on shares of Stitch Fix in a research note on Wednesday, September 25th. Finally, UBS Group increased their price target on Stitch Fix from $2.80 to $3.80 and gave the stock a “neutral” rating in a research report on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $3.36.

Insider Activity

In related news, Director Katrina Lake sold 537,007 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $5.01, for a total value of $2,690,405.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Katrina Lake sold 537,007 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $5.01, for a total value of $2,690,405.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matt Baer sold 44,230 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $5.00, for a total value of $221,150.00. Following the completion of the sale, the chief executive officer now directly owns 973,769 shares of the company’s stock, valued at approximately $4,868,845. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 584,282 shares of company stock worth $2,926,658 over the last quarter. 25.90% of the stock is currently owned by corporate insiders.

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.