Swiss National Bank grew its holdings in Stitch Fix Inc (NASDAQ:SFIX) by 15.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 90,500 shares of the company’s stock after purchasing an additional 11,900 shares during the quarter. Swiss National Bank’s holdings in Stitch Fix were worth $2,322,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of Stitch Fix in the 4th quarter valued at about $26,000. CIBC Private Wealth Group LLC raised its position in Stitch Fix by 2.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 447,167 shares of the company’s stock valued at $11,474,000 after buying an additional 11,102 shares during the last quarter. State Street Corp raised its position in Stitch Fix by 7.2% in the 3rd quarter. State Street Corp now owns 1,028,967 shares of the company’s stock valued at $19,808,000 after buying an additional 69,428 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Stitch Fix during the 3rd quarter valued at $504,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Stitch Fix during the 4th quarter valued at $84,000. 46.83% of the stock is currently owned by institutional investors.
In other Stitch Fix news, COO Mike C. Smith sold 15,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $24.69, for a total value of $370,350.00. Following the completion of the transaction, the chief operating officer now directly owns 102,313 shares of the company’s stock, valued at $2,526,107.97. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Katrina Lake sold 36,643 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $28.37, for a total transaction of $1,039,561.91. Following the completion of the transaction, the chief executive officer now directly owns 54,028 shares of the company’s stock, valued at $1,532,774.36. The disclosure for this sale can be found here. Insiders sold 331,071 shares of company stock worth $8,657,131 in the last three months. 47.52% of the stock is currently owned by corporate insiders.
NASDAQ:SFIX traded up $0.39 during trading hours on Wednesday, hitting $23.01. The company’s stock had a trading volume of 52,219 shares, compared to its average volume of 1,896,425. The stock has a market capitalization of $2.41 billion, a P/E ratio of 88.29, a price-to-earnings-growth ratio of 21.07 and a beta of 2.73. The stock has a fifty day moving average of $24.84 and a 200-day moving average of $22.91. The company has a current ratio of 2.00, a quick ratio of 1.39 and a debt-to-equity ratio of 0.32. Stitch Fix Inc has a 52-week low of $16.99 and a 52-week high of $37.72.
SFIX has been the subject of several analyst reports. Zacks Investment Research upgraded Stitch Fix from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Friday, December 13th. DA Davidson raised Stitch Fix from a “neutral” rating to a “buy” rating and boosted their target price for the company from $27.00 to $29.00 in a research report on Thursday, January 30th. BMO Capital Markets assumed coverage on Stitch Fix in a research report on Monday, February 3rd. They issued a “market perform” rating and a $24.00 target price on the stock. SunTrust Banks reissued a “buy” rating and issued a $38.00 target price (up previously from $36.00) on shares of Stitch Fix in a research report on Tuesday, December 10th. Finally, Robert W. Baird reissued a “buy” rating and issued a $33.00 target price (up previously from $28.00) on shares of Stitch Fix in a research report on Tuesday, December 10th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $29.43.
About Stitch Fix
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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