Barclays PLC Buys 39,713 Shares of Stitch Fix, Inc. (NASDAQ:SFIX)

Barclays PLC grew its position in Stitch Fix, Inc. (NASDAQ:SFIX) by 30.7% in the third quarter, Holdings Channel reports. The fund owned 168,953 shares of the company’s stock after acquiring an additional 39,713 shares during the quarter. Barclays PLC’s holdings in Stitch Fix were worth $475,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Hodges Capital Management Inc. increased its holdings in Stitch Fix by 34.4% in the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock worth $9,518,000 after purchasing an additional 864,100 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of Stitch Fix by 34.9% during the second quarter. Disciplined Growth Investors Inc. MN now owns 9,273,817 shares of the company’s stock worth $38,486,000 after purchasing an additional 2,396,920 shares during the last quarter. Public Employees Retirement System of Ohio increased 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 valued at $414,000 after buying an additional 140,515 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Stitch Fix by 32.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 499,142 shares of the company’s stock valued at $1,408,000 after buying an additional 121,084 shares during the last quarter. Finally, Renaissance Technologies LLC boosted 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 worth $18,395,000 after buying an additional 465,900 shares during the period. 71.04% of the stock is currently owned by institutional investors.

Insider Transactions at Stitch Fix

In other Stitch Fix news, Director Katrina Lake sold 725,002 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total value of $4,190,511.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anthony Bacos sold 16,720 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $4.61, for a total value of $77,079.20. Following the sale, the insider now owns 913,962 shares of the company’s stock, valued at approximately $4,213,364.82. This represents a 1.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 16.95% of the company’s stock.

Stitch Fix Trading Up 1.4 %

Shares of Stitch Fix stock opened at $4.37 on Friday. The business has a 50-day moving average price of $4.05 and a two-hundred day moving average price of $3.81. Stitch Fix, Inc. has a 1-year low of $2.06 and a 1-year high of $6.99. The company has a market cap of $554.28 million, a P/E ratio of -5.26 and a beta of 1.99.

Stitch Fix (NASDAQ:SFIX) last released its earnings results on Tuesday, December 10th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. The business had revenue of $318.82 million during the quarter, compared to analysts’ expectations of $306.88 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The firm’s revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.30) earnings per share. Equities research analysts forecast that Stitch Fix, Inc. will post -0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SFIX has been the subject of several recent research reports. UBS Group upped their price target on shares of Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Canaccord Genuity Group increased their price objective on Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Finally, Telsey Advisory Group raised their target price on Stitch Fix from $4.00 to $6.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $3.96.

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.