Jane Street Group LLC lessened its holdings in Stitch Fix Inc (NASDAQ:SFIX) by 59.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,533 shares of the company’s stock after selling 24,446 shares during the quarter. Jane Street Group LLC’s holdings in Stitch Fix were worth $283,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Baillie Gifford & Co. raised its holdings in shares of Stitch Fix by 48.0% during the fourth quarter. Baillie Gifford & Co. now owns 3,600,131 shares of the company’s stock worth $61,526,000 after acquiring an additional 1,167,506 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Stitch Fix by 46.9% during the third quarter. Vanguard Group Inc now owns 2,013,293 shares of the company’s stock worth $88,122,000 after acquiring an additional 642,540 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Stitch Fix by 46.9% during the third quarter. Vanguard Group Inc. now owns 2,013,293 shares of the company’s stock worth $88,122,000 after acquiring an additional 642,540 shares in the last quarter. Park West Asset Management LLC purchased a new stake in shares of Stitch Fix during the fourth quarter worth $30,016,000. Finally, BlackRock Inc. raised its holdings in shares of Stitch Fix by 54.7% during the fourth quarter. BlackRock Inc. now owns 381,752 shares of the company’s stock worth $6,525,000 after acquiring an additional 134,984 shares in the last quarter. 28.19% of the stock is owned by institutional investors and hedge funds.
In other Stitch Fix news, insider Scott Darling sold 10,259 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $35.55, for a total transaction of $364,707.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Katrina Lake sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $25.87, for a total value of $2,587,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,182,102 shares of company stock worth $35,274,740. Corporate insiders own 56.97% of the company’s stock.
NASDAQ SFIX opened at $26.33 on Tuesday. Stitch Fix Inc has a fifty-two week low of $16.05 and a fifty-two week high of $52.44. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 67.51, a P/E/G ratio of 5.40 and a beta of 3.33.
Stitch Fix (NASDAQ:SFIX) last posted its earnings results on Monday, March 11th. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.07. Stitch Fix had a return on equity of 15.47% and a net margin of 3.67%. The company had revenue of $370.28 million for the quarter, compared to analyst estimates of $365.28 million. On average, equities research analysts anticipate that Stitch Fix Inc will post 0.22 EPS for the current year.
Several brokerages recently issued reports on SFIX. Wells Fargo & Co increased their price objective on Stitch Fix from $22.00 to $30.00 and gave the stock a “market perform” rating in a report on Wednesday, March 13th. Zacks Investment Research upgraded Stitch Fix from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Thursday, March 14th. Piper Jaffray Companies increased their price objective on Stitch Fix from $20.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. KeyCorp increased their price objective on Stitch Fix from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, March 12th. Finally, Stifel Nicolaus increased their price objective on Stitch Fix from $28.00 to $34.00 in a report on Wednesday, March 13th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $37.00.
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