Cwm LLC Has $71,000 Stake in Stitch Fix, Inc. (NASDAQ:SFIX)

Cwm LLC grew its holdings in Stitch Fix, Inc. (NASDAQ:SFIX) by 112.1% during the third quarter, Holdings Channel.com reports. The firm owned 25,175 shares of the company’s stock after buying an additional 13,308 shares during the period. Cwm LLC’s holdings in Stitch Fix were worth $71,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SFIX. Baader Bank Aktiengesellschaft acquired a new position in shares of Stitch Fix in the 2nd quarter valued at about $46,000. Pallas Capital Advisors LLC acquired a new position in shares of Stitch Fix in the 2nd quarter valued at about $48,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Stitch Fix by 116.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 22,378 shares of the company’s stock valued at $59,000 after purchasing an additional 12,028 shares during the period. Plato Investment Management Ltd increased its holdings in shares of Stitch Fix by 138.6% in the 1st quarter. Plato Investment Management Ltd now owns 27,807 shares of the company’s stock valued at $73,000 after purchasing an additional 16,155 shares during the period. Finally, Sei Investments Co. acquired a new position in shares of Stitch Fix in the 2nd quarter valued at about $81,000. Institutional investors and hedge funds own 71.04% of the company’s stock.

Stitch Fix Stock Performance

SFIX opened at $2.83 on Monday. Stitch Fix, Inc. has a 1-year low of $2.06 and a 1-year high of $5.05. The stock has a market capitalization of $346.23 million, a price-to-earnings ratio of -2.77 and a beta of 1.90. The business has a 50 day moving average of $3.29 and a 200-day moving average of $3.29.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Tuesday, September 24th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.07. The business had revenue of $319.55 million during the quarter, compared to analyst estimates of $317.48 million. Stitch Fix had a negative return on equity of 40.62% and a negative net margin of 9.63%. Equities analysts predict that Stitch Fix, Inc. will post -0.55 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 price target on shares of Stitch Fix in a research note on Wednesday, September 25th. UBS Group lowered their price target on Stitch Fix from $3.80 to $2.80 and set a “neutral” rating for the company in a research note on Friday, October 11th. Finally, Canaccord Genuity Group lowered their price target on Stitch Fix from $4.50 to $3.50 and set a “hold” rating for the company in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, Stitch Fix currently has a consensus rating of “Hold” and a consensus target price of $3.27.

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.