Bellecapital International Ltd. Takes $55,000 Position in Stitch Fix, Inc. (NASDAQ:SFIX)

Bellecapital International Ltd. purchased a new stake in Stitch Fix, Inc. (NASDAQ:SFIX) in the fourth quarter, Holdings Channel reports. The firm purchased 12,673 shares of the company’s stock, valued at approximately $55,000.

A number of other large investors have also made changes to their positions in SFIX. SBI Securities Co. Ltd. purchased a new position in Stitch Fix in the fourth quarter worth approximately $29,000. US Bancorp DE acquired a new stake in Stitch Fix during the fourth quarter worth $220,000. Bank of New York Mellon Corp increased its stake in Stitch Fix by 7.5% during the fourth quarter. Bank of New York Mellon Corp now owns 258,299 shares of the company’s stock worth $1,113,000 after acquiring an additional 17,943 shares during the last quarter. Ieq Capital LLC acquired a new stake in Stitch Fix during the fourth quarter worth $299,000. Finally, Rhumbline Advisers increased its stake in Stitch Fix by 1.5% during the fourth quarter. Rhumbline Advisers now owns 149,625 shares of the company’s stock worth $645,000 after acquiring an additional 2,255 shares during the last quarter. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SFIX shares. Canaccord Genuity Group raised their target price on Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. UBS Group raised their target price on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Finally, Telsey Advisory Group raised their target price on Stitch Fix from $4.00 to $6.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, Stitch Fix has a consensus rating of “Hold” and an average target price of $3.96.

Insider Activity at Stitch Fix

In related news, insider Anthony Bacos sold 16,720 shares of Stitch Fix stock in a transaction on Friday, December 13th. The stock was sold at an average price of $4.61, for a total value of $77,079.20. Following the completion of the transaction, the insider now directly owns 913,962 shares in the company, valued at approximately $4,213,364.82. This trade represents a 1.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Katrina Lake sold 725,002 shares of Stitch Fix stock in a transaction on Wednesday, December 11th. The shares were 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 currently owned by company insiders.

Stitch Fix Stock Up 2.4 %

SFIX opened at $4.73 on Monday. Stitch Fix, Inc. has a 52 week low of $2.06 and a 52 week high of $6.99. The business has a fifty day simple moving average of $4.82 and a 200-day simple moving average of $4.04. The firm has a market cap of $599.94 million, a P/E ratio of -5.70 and a beta of 1.99.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Tuesday, December 10th. The company reported ($0.05) EPS 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 analyst estimates of $306.88 million. During the same period last year, the business posted ($0.30) earnings per share. The company’s quarterly revenue was down 12.6% on a year-over-year basis. Sell-side analysts expect that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

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.