Savant Capital LLC Acquires New Shares in Stitch Fix, Inc. (NASDAQ:SFIX)

Savant Capital LLC acquired a new stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX) in the fourth quarter, HoldingsChannel reports. The fund acquired 18,444 shares of the company’s stock, valued at approximately $79,000.

A number of other institutional investors have also recently bought and sold shares of the company. Pallas Capital Advisors LLC acquired a new stake in Stitch Fix during the fourth quarter valued at $46,000. JPMorgan Chase & Co. boosted its position in Stitch Fix by 72.7% during the third quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company’s stock valued at $455,000 after purchasing an additional 67,892 shares during the last quarter. Franklin Resources Inc. boosted its position in Stitch Fix by 68.0% during the third quarter. Franklin Resources Inc. now owns 144,261 shares of the company’s stock valued at $391,000 after purchasing an additional 58,412 shares during the last quarter. Virtu Financial LLC acquired a new stake in Stitch Fix during the third quarter valued at $196,000. Finally, Barclays PLC boosted its position in Stitch Fix by 30.7% during the third quarter. Barclays PLC now owns 168,953 shares of the company’s stock valued at $475,000 after purchasing an additional 39,713 shares during the last quarter. Institutional investors and hedge funds own 71.04% of the company’s stock.

Insider Buying and Selling

In related news, insider Anthony Bacos sold 16,720 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $4.61, for a total transaction of $77,079.20. Following the completion of the transaction, the insider now owns 913,962 shares of the company’s stock, valued at approximately $4,213,364.82. The trade was a 1.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Katrina Lake sold 725,002 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $5.78, for a total value of $4,190,511.56. The disclosure for this sale can be found here. 16.95% of the stock is owned by insiders.

Stitch Fix Price Performance

Shares of NASDAQ:SFIX opened at $5.40 on Thursday. Stitch Fix, Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $6.99. The stock has a market capitalization of $684.94 million, a P/E ratio of -6.51 and a beta of 1.99. The business has a 50-day moving average of $4.68 and a two-hundred day moving average of $3.97.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.09. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The business had revenue of $318.82 million during the quarter, compared to analysts’ expectations of $306.88 million. During the same quarter in the previous year, the firm earned ($0.30) EPS. The firm’s revenue was down 12.6% compared to the same quarter last year. As a group, research analysts expect that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Canaccord Genuity Group lifted their price objective on Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Telsey Advisory Group boosted their price target on Stitch Fix from $4.00 to $6.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 11th. Finally, UBS Group boosted their price target on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $3.96.

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.