Stitch Fix, Inc. $SFIX Shares Bought by Fund 1 Investments LLC

by · The Cerbat Gem

Fund 1 Investments LLC grew its stake in Stitch Fix, Inc. (NASDAQ:SFIX – Free Report) by 44.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,943,821 shares of the company’s stock after acquiring an additional 3,064,901 shares during the quarter. Stitch Fix accounts for 3.0% of Fund 1 Investments LLC’s holdings, making the stock its 6th biggest position. Fund 1 Investments LLC owned 7.62% of Stitch Fix worth $36,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of SFIX. Marshall Wace LLP increased its stake in Stitch Fix by 4,898.1% in the second quarter. Marshall Wace LLP now owns 2,010,034 shares of the company’s stock valued at $7,437,000 after purchasing an additional 1,969,818 shares in the last quarter. Nuveen LLC acquired a new position in shares of Stitch Fix in the 1st quarter valued at $4,159,000. Balyasny Asset Management L.P. bought a new stake in shares of Stitch Fix in the 2nd quarter valued at $2,803,000. Arrowstreet Capital Limited Partnership raised its stake in Stitch Fix by 815.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 719,015 shares of the company’s stock worth $2,660,000 after buying an additional 640,443 shares during the period. Finally, Landscape Capital Management L.L.C. raised its stake in Stitch Fix by 811.1% during the 1st quarter. Landscape Capital Management L.L.C. now owns 651,047 shares of the company’s stock worth $2,116,000 after buying an additional 579,593 shares during the period. Institutional investors own 71.04% of the company’s stock.

Insider Transactions at Stitch Fix

In related news, Director Katrina Lake sold 303,450 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $5.19, for a total transaction of $1,574,905.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Casey O’connor sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $4.41, for a total value of $220,500.00. Following the completion of the transaction, the insider owned 431,441 shares of the company’s stock, valued at approximately $1,902,654.81. This represents a 10.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 443,450 shares of company stock worth $2,300,306 in the last three months. Insiders own 16.09% of the company’s stock.

Stitch Fix Stock Down 2.5%

Shares of SFIX opened at $5.48 on Friday. Stitch Fix, Inc. has a twelve month low of $2.60 and a twelve month high of $5.94. The stock has a market capitalization of $734.93 million, a P/E ratio of -34.25 and a beta of 2.22. The company has a 50 day moving average of $4.41 and a 200-day moving average of $4.60.

Stitch Fix (NASDAQ:SFIX – Get Free Report) last announced its quarterly earnings data on Thursday, December 4th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). The business had revenue of $342.13 million for the quarter, compared to analyst estimates of $335.74 million. Stitch Fix had a negative net margin of 2.23% and a negative return on equity of 14.38%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. On average, sell-side analysts anticipate that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on SFIX. Telsey Advisory Group restated a “market perform” rating and issued a $6.00 price target on shares of Stitch Fix in a report on Monday, December 1st. Wall Street Zen upgraded shares of Stitch Fix from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research lowered shares of Stitch Fix from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. UBS Group reissued a “neutral” rating on shares of Stitch Fix in a research report on Wednesday, September 17th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $6.00 price objective on shares of Stitch Fix in a research report on Thursday, September 25th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.00.

Check Out Our Latest Stock Analysis on SFIX

Stitch Fix Company Profile

(Free Report)

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.

See Also

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