First Trust Advisors LP Sells 14,630 Shares of Stitch Fix Inc (SFIX)

First Trust Advisors LP decreased its position in shares of Stitch Fix Inc (NASDAQ:SFIX) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,126 shares of the company’s stock after selling 14,630 shares during the quarter. First Trust Advisors LP owned about 0.08% of Stitch Fix worth $1,421,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SFIX. Oregon Public Employees Retirement Fund bought a new position in shares of Stitch Fix during the fourth quarter valued at $412,000. Capital Investment Advisory Services LLC bought a new stake in Stitch Fix in the 4th quarter worth about $62,000. Creative Planning bought a new stake in Stitch Fix in the 4th quarter worth about $190,000. SG Americas Securities LLC increased its holdings in Stitch Fix by 912.4% in the 4th quarter. SG Americas Securities LLC now owns 29,218 shares of the company’s stock worth $499,000 after buying an additional 26,332 shares in the last quarter. Finally, Concorde Asset Management LLC bought a new stake in Stitch Fix in the 4th quarter worth about $782,000. Hedge funds and other institutional investors own 28.19% of the company’s stock.

In other Stitch Fix news, major shareholder Steven M. Spurlock sold 510,588 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $32.05, for a total value of $16,364,345.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Steven M. Spurlock sold 130,980 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $28.38, for a total value of $3,717,212.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,207,102 shares of company stock valued at $35,790,990. 56.97% of the stock is owned by company insiders.

Several equities research analysts recently commented on the company. 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. Stifel Nicolaus raised their target price on Stitch Fix from $28.00 to $34.00 in a research report on Wednesday, March 13th. SunTrust Banks raised their target price on Stitch Fix to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Wells Fargo & Co raised their target price on Stitch Fix from $22.00 to $30.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. Finally, Barclays lifted their price objective on Stitch Fix to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 13th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $37.00.

Shares of NASDAQ SFIX traded down $0.84 during trading hours on Monday, hitting $26.33. 1,963,829 shares of the company traded hands, compared to its average volume of 2,019,069. The company has a market cap of $2.72 billion, a P/E ratio of 67.51, a P/E/G ratio of 5.40 and a beta of 3.33. Stitch Fix Inc has a 12 month low of $16.05 and a 12 month high of $52.44.

Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings data on Monday, March 11th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $365.28 million. On average, research analysts expect that Stitch Fix Inc will post 0.22 EPS for the current fiscal year.

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Stitch Fix Company Profile

Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc in October 2011.

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Institutional Ownership by Quarter for Stitch Fix (NASDAQ:SFIX)

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