Stitch Fix, Inc. (NASDAQ:SFIX) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lessened its position in Stitch Fix, Inc. (NASDAQ:SFIX) by 8.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,067,449 shares of the company’s stock after selling 101,585 shares during the quarter. AQR Capital Management LLC’s holdings in Stitch Fix were worth $4,601,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SFIX. Vanguard Group Inc. increased its stake in Stitch Fix by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company’s stock worth $27,882,000 after purchasing an additional 457,568 shares during the period. Cooper Creek Partners Management LLC increased its stake in Stitch Fix by 1,405.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company’s stock worth $18,418,000 after buying an additional 3,989,362 shares during the period. Geode Capital Management LLC lifted its holdings in Stitch Fix by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 2,459,014 shares of the company’s stock worth $10,601,000 after buying an additional 164,089 shares in the last quarter. Northern Trust Corp boosted its position in Stitch Fix by 15.2% in the 4th quarter. Northern Trust Corp now owns 876,132 shares of the company’s stock valued at $3,776,000 after buying an additional 115,377 shares during the period. Finally, Norges Bank acquired a new position in shares of Stitch Fix in the fourth quarter worth $3,183,000. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

Stitch Fix Trading Down 3.3 %

Shares of NASDAQ:SFIX opened at $3.48 on Friday. The company has a market cap of $448.21 million, a PE ratio of -4.19 and a beta of 2.00. The company’s 50 day moving average is $3.39 and its two-hundred day moving average is $4.07. Stitch Fix, Inc. has a 52 week low of $2.10 and a 52 week high of $6.99.

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

Analysts Set New Price Targets

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.50.

Insider Buying and Selling

In other Stitch Fix news, insider Casey O’connor sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $3.04, for a total transaction of $152,000.00. Following the sale, the insider now owns 575,755 shares of the company’s stock, valued at approximately $1,750,295.20. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.95% of the stock is owned by company insiders.

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.