Canada Pension Plan Investment Board Purchases New Shares in Stitch Fix, Inc. (NASDAQ:SFIX)

Canada Pension Plan Investment Board purchased a new stake in Stitch Fix, Inc. (NASDAQ:SFIX) in the second quarter, Holdings Channel.com reports. The fund purchased 21,800 shares of the company’s stock, valued at approximately $90,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SFIX. Renaissance Technologies LLC increased its position in shares of 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 purchasing an additional 465,900 shares during the last quarter. Maple Rock Capital Partners Inc. purchased a new stake in shares of Stitch Fix during the 1st quarter valued at $8,994,000. Hodges Capital Management Inc. increased its position in shares of Stitch Fix by 286.2% during the 2nd 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 last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Stitch Fix by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,021,885 shares of the company’s stock valued at $7,218,000 after purchasing an additional 99,914 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of Stitch Fix by 673.2% during the 1st 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 last quarter. 71.04% of the stock is owned by hedge funds and other institutional investors.

Stitch Fix Stock Up 12.3 %

Shares of NASDAQ SFIX opened at $2.84 on Monday. The business has a 50-day simple moving average of $3.76 and a two-hundred day simple moving average of $3.24. Stitch Fix, Inc. has a 52 week low of $2.06 and a 52 week high of $5.05. The company has a market cap of $347.45 million, a P/E ratio of -2.78 and a beta of 1.92.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wedbush reiterated a “neutral” rating and set a $3.00 price target on shares of Stitch Fix in a research note on Wednesday, June 5th. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 price target on shares of Stitch Fix in a research note on Wednesday, September 25th. Canaccord Genuity Group cut their price target on Stitch Fix from $4.50 to $3.50 and set a “hold” rating for the company in a research note on Wednesday, September 25th. Mizuho increased their price target on Stitch Fix from $2.00 to $3.00 and gave the stock an “underperform” rating in a research note on Monday, June 10th. 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 note 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.36.

Insider Buying and Selling at Stitch Fix

In other Stitch Fix news, CEO Matt Baer sold 44,230 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $5.00, for a total value of $221,150.00. Following the sale, the chief executive officer now owns 973,769 shares of the company’s stock, valued at approximately $4,868,845. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Matt Baer sold 44,230 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $5.00, for a total transaction of $221,150.00. Following the transaction, the chief executive officer now directly owns 973,769 shares of the company’s stock, valued at approximately $4,868,845. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anthony Bacos sold 42,381 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $4.13, for a total value of $175,033.53. Following the transaction, the insider now directly owns 627,957 shares in the company, valued at $2,593,462.41. The disclosure for this sale can be found here. Insiders have sold a total of 626,663 shares of company stock valued at $3,101,692 in the last 90 days. Corporate insiders own 25.90% of the company’s stock.

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.