Headlands Technologies LLC Takes $147,000 Position in Stitch Fix, Inc. (NASDAQ:SFIX)

Headlands Technologies LLC acquired a new position in shares of Stitch Fix, Inc. (NASDAQ:SFIX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 34,020 shares of the company’s stock, valued at approximately $147,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Disciplined Growth Investors Inc. MN grew its stake in shares of Stitch Fix by 48.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock worth $38,731,000 after buying an additional 4,460,668 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Stitch Fix during the 3rd quarter worth $2,862,000. Hodges Capital Management Inc. grew its position in Stitch Fix by 34.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock worth $9,518,000 after acquiring an additional 864,100 shares during the last quarter. Norges Bank acquired a new position in Stitch Fix in the 4th quarter worth about $3,183,000. Finally, Vanguard Group Inc. raised its position in Stitch Fix by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company’s stock valued at $27,882,000 after purchasing an additional 457,568 shares during the last quarter. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on SFIX. Canaccord Genuity Group upped their price objective on Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Telsey Advisory Group restated a “market perform” rating and issued a $6.00 price target on shares of Stitch Fix in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.50.

Stitch Fix Price Performance

Stitch Fix stock opened at $2.85 on Friday. The stock’s 50 day moving average is $4.36 and its 200 day moving average is $4.06. Stitch Fix, Inc. has a one year low of $2.06 and a one year high of $6.99. The firm has a market cap of $367.07 million, a P/E ratio of -3.43 and a beta of 2.03.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The firm had revenue of $312.11 million for the quarter, compared to the consensus estimate of $298.04 million. During the same quarter in the previous year, the company earned ($0.29) EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. Equities analysts anticipate that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

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.