Stitch Fix, Inc. (NASDAQ:SFIX) Shares Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. increased its stake in Stitch Fix, Inc. (NASDAQ:SFIX) by 78.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,478 shares of the company’s stock after purchasing an additional 57,885 shares during the quarter. Graham Capital Management L.P. owned about 0.10% of Stitch Fix worth $567,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SFIX. Rhumbline Advisers grew its stake in shares of Stitch Fix by 1.5% in the 4th quarter. Rhumbline Advisers now owns 149,625 shares of the company’s stock worth $645,000 after purchasing an additional 2,255 shares during the last quarter. Corebridge Financial Inc. lifted its stake in Stitch Fix by 4.8% in the 4th quarter. Corebridge Financial Inc. now owns 50,355 shares of the company’s stock worth $217,000 after acquiring an additional 2,295 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Stitch Fix by 4.1% in the fourth quarter. Federated Hermes Inc. now owns 96,504 shares of the company’s stock worth $416,000 after purchasing an additional 3,771 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Stitch Fix during the 4th quarter valued at $29,000. Finally, Cerity Partners LLC increased its position in Stitch Fix by 31.1% in the 4th quarter. Cerity Partners LLC now owns 29,452 shares of the company’s stock worth $124,000 after purchasing an additional 6,993 shares during the last quarter. 71.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Stitch Fix Price Performance

SFIX opened at $4.24 on Friday. Stitch Fix, Inc. has a fifty-two week low of $2.18 and a fifty-two week high of $6.99. The company has a market capitalization of $546.10 million, a P/E ratio of -5.11 and a beta of 2.00. The firm’s fifty day moving average price is $3.39 and its two-hundred day moving average price is $4.11.

Stitch Fix (NASDAQ:SFIX) last released 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. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The firm had revenue of $312.11 million during the quarter, compared to analysts’ expectations of $298.04 million. During the same period last year, the firm posted ($0.29) EPS. The business’s revenue was down 5.5% on a year-over-year basis. On average, equities research analysts expect that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Casey O’connor sold 50,000 shares of Stitch Fix stock in a transaction on Monday, April 14th. The stock was sold at an average price of $3.04, for a total transaction of $152,000.00. Following the completion of the sale, the insider now directly owns 575,755 shares of the company’s stock, valued at $1,750,295.20. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.95% of the company’s stock.

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.