12,609 Shares in Stitch Fix, Inc. (NASDAQ:SFIX) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in Stitch Fix, Inc. (NASDAQ:SFIX) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 12,609 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its position in Stitch Fix by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 84,451 shares of the company’s stock worth $223,000 after purchasing an additional 5,404 shares in the last quarter. Creative Planning boosted its position in Stitch Fix by 32.1% in the 3rd quarter. Creative Planning now owns 25,477 shares of the company’s stock worth $72,000 after purchasing an additional 6,194 shares in the last quarter. Federated Hermes Inc. boosted its position in Stitch Fix by 7.7% in the 2nd quarter. Federated Hermes Inc. now owns 94,624 shares of the company’s stock worth $393,000 after purchasing an additional 6,739 shares in the last quarter. CWM LLC boosted its position in Stitch Fix by 132.5% in the 2nd quarter. CWM LLC now owns 11,867 shares of the company’s stock worth $49,000 after purchasing an additional 6,762 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Stitch Fix by 92.3% in the 2nd quarter. SG Americas Securities LLC now owns 19,780 shares of the company’s stock worth $82,000 after purchasing an additional 9,494 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Analyst Upgrades and Downgrades

SFIX has been the topic of a number of recent analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 target price on shares of Stitch Fix in a research report on Wednesday, September 25th. UBS Group decreased their target price on Stitch Fix from $3.80 to $2.80 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, Canaccord Genuity Group decreased their target price on Stitch Fix from $4.50 to $3.50 and set a “hold” rating on the stock in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat, Stitch Fix presently has a consensus rating of “Hold” and an average price target of $3.27.

Stitch Fix Stock Down 1.3 %

Shares of SFIX opened at $3.79 on Thursday. Stitch Fix, Inc. has a 52-week low of $2.06 and a 52-week high of $5.05. The company has a market capitalization of $480.72 million, a PE ratio of -3.51 and a beta of 1.87. The stock has a fifty day simple moving average of $3.24 and a two-hundred day simple moving average of $3.40.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Tuesday, September 24th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.07. Stitch Fix had a negative return on equity of 40.62% and a negative net margin of 9.63%. The business had revenue of $319.55 million during the quarter, compared to the consensus estimate of $317.48 million. As a group, equities analysts anticipate that Stitch Fix, Inc. will post -0.61 earnings per share for the current fiscal year.

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.