Inceptionr LLC Acquires New Position in Stitch Fix, Inc. (NASDAQ:SFIX)

Inceptionr LLC acquired a new stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 52,641 shares of the company’s stock, valued at approximately $227,000.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Stitch Fix during the 4th quarter valued at about $29,000. Pallas Capital Advisors LLC purchased a new position in shares of Stitch Fix during the 4th quarter valued at about $46,000. Caprock Group LLC purchased a new position in shares of Stitch Fix during the 3rd quarter valued at about $33,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Stitch Fix during the 3rd quarter valued at about $36,000. Finally, Bellecapital International Ltd. purchased a new position in shares of Stitch Fix during the 4th quarter valued at about $55,000. 71.04% of the stock is owned by hedge funds and other institutional investors.

Stitch Fix Price Performance

Shares of Stitch Fix stock opened at $4.14 on Tuesday. The stock has a market capitalization of $525.11 million, a P/E ratio of -4.99 and a beta of 2.13. Stitch Fix, Inc. has a one year low of $2.06 and a one year high of $6.99. The business’s 50 day simple moving average is $4.86 and its two-hundred day simple moving average is $4.08.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $318.82 million for the quarter, compared to analyst estimates of $306.88 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The business’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same period last year, the company earned ($0.30) EPS. Sell-side analysts expect that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Transactions at Stitch Fix

In other news, Director Katrina Lake sold 725,002 shares of Stitch Fix 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 through this link. Also, insider Anthony Bacos sold 16,720 shares of Stitch Fix stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $4.61, for a total value of $77,079.20. Following the completion of the sale, the insider now owns 913,962 shares in the company, valued at approximately $4,213,364.82. This represents a 1.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SFIX. Canaccord Genuity Group raised 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. UBS Group lifted their price target on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 price target on shares of Stitch Fix in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating and five have issued 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 target price of $4.50.

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.