Hodges Capital Management Inc. trimmed its stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX – Free Report) by 5.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,447,651 shares of the company’s stock after selling 88,262 shares during the period. Hodges Capital Management Inc. owned about 1.11% of Stitch Fix worth $5,356,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Wescott Financial Advisory Group LLC acquired a new position in Stitch Fix in the first quarter valued at approximately $32,000. First Dallas Securities Inc. acquired a new stake in shares of Stitch Fix during the 2nd quarter worth approximately $37,000. 111 Capital purchased a new position in shares of Stitch Fix during the 2nd quarter valued at approximately $44,000. Martingale Asset Management L P acquired a new position in shares of Stitch Fix in the 1st quarter valued at $85,000. Finally, Cerity Partners LLC lifted its stake in shares of Stitch Fix by 32.5% in the 1st quarter. Cerity Partners LLC now owns 39,029 shares of the company’s stock valued at $127,000 after purchasing an additional 9,577 shares during the period. 71.04% of the stock is currently owned by hedge funds and other institutional investors.
Stitch Fix Trading Up 1.0%
Shares of NASDAQ SFIX opened at $4.21 on Monday. The stock has a market cap of $564.60 million, a PE ratio of -9.15 and a beta of 2.20. Stitch Fix, Inc. has a 12-month low of $2.60 and a 12-month high of $6.99. The company has a 50-day moving average of $4.77 and a 200 day moving average of $4.49.
Wall Street Analysts Forecast Growth
Several analysts recently commented on SFIX shares. Sanford C. Bernstein restated a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a research report on Thursday, September 25th. UBS Group restated a “neutral” rating on shares of Stitch Fix in a research report on Wednesday, September 17th. Zacks Research upgraded Stitch Fix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a research report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Stitch Fix in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Stitch Fix currently has a consensus rating of “Hold” and an average target price of $6.00.
Read Our Latest Analysis on Stitch Fix
Insider Buying and Selling at Stitch Fix
In other news, Director Katrina Lake sold 151,150 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $5.03, for a total transaction of $760,284.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Anthony Bacos sold 90,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $5.61, for a total transaction of $504,900.00. Following the completion of the sale, the insider directly owned 799,966 shares of the company’s stock, valued at $4,487,809.26. This represents a 10.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 291,150 shares of company stock worth $1,485,685 in the last three months. 16.09% of the stock is owned by corporate insiders.
Stitch Fix 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.
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