Oppenheimer & Co. Inc. purchased a new stake in Stitch Fix Inc (NASDAQ:SFIX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,088 shares of the company’s stock, valued at approximately $259,000.
Several other large investors also recently bought and sold shares of the stock. Baillie Gifford & Co. boosted its position in shares of Stitch Fix by 23.3% during the second quarter. Baillie Gifford & Co. now owns 4,488,246 shares of the company’s stock worth $143,580,000 after buying an additional 849,117 shares during the period. Jackson Square Partners LLC raised its stake in Stitch Fix by 26.8% in the first quarter. Jackson Square Partners LLC now owns 3,399,181 shares of the company’s stock valued at $95,958,000 after buying an additional 719,063 shares in the last quarter. Columbus Circle Investors acquired a new stake in Stitch Fix in the second quarter valued at $6,359,000. First Trust Advisors LP raised its stake in Stitch Fix by 117.4% in the second quarter. First Trust Advisors LP now owns 226,748 shares of the company’s stock valued at $7,254,000 after buying an additional 122,469 shares in the last quarter. Finally, CWM LLC raised its stake in Stitch Fix by 195.4% in the second quarter. CWM LLC now owns 180,120 shares of the company’s stock valued at $5,762,000 after buying an additional 119,144 shares in the last quarter. 39.43% of the stock is owned by hedge funds and other institutional investors.
SFIX traded down $0.24 during trading on Friday, reaching $20.77. The company’s stock had a trading volume of 54,686 shares, compared to its average volume of 2,365,921. Stitch Fix Inc has a 52-week low of $16.05 and a 52-week high of $52.44. The company’s fifty day moving average price is $21.77 and its 200-day moving average price is $26.09. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 53.35, a price-to-earnings-growth ratio of 3.50 and a beta of 3.34.
In related news, major shareholder Matt Cohler sold 148,820 shares of Stitch Fix stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $31.28, for a total transaction of $4,655,089.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Darling sold 1,000 shares of Stitch Fix stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $26.12, for a total value of $26,120.00. Following the transaction, the insider now owns 60,157 shares of the company’s stock, valued at $1,571,300.84. The disclosure for this sale can be found here. Insiders sold a total of 626,676 shares of company stock worth $17,857,949 in the last ninety days. 56.97% of the stock is owned by corporate insiders.
A number of analysts have weighed in on SFIX shares. TheStreet cut Stitch Fix from a “c-” rating to a “d” rating in a research note on Thursday, August 22nd. Zacks Investment Research cut Stitch Fix from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. SunTrust Banks lifted their target price on Stitch Fix from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Royal Bank of Canada cut their target price on Stitch Fix from $52.00 to $43.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Finally, Stifel Nicolaus upgraded Stitch Fix from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Monday, July 22nd. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Stitch Fix currently has a consensus rating of “Hold” and an average target price of $35.50.
Stitch Fix Company Profile
Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc in October 2011.
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