Caprock Group LLC Purchases New Holdings in Stitch Fix, Inc. (NASDAQ:SFIX)

Caprock Group LLC acquired a new position in shares of Stitch Fix, Inc. (NASDAQ:SFIX) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 11,751 shares of the company’s stock, valued at approximately $33,000.

A number of other hedge funds have also made changes to their positions in SFIX. Disciplined Growth Investors Inc. MN grew its stake in Stitch Fix by 34.9% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 9,273,817 shares of the company’s stock valued at $38,486,000 after acquiring an additional 2,396,920 shares in the last quarter. Hodges Capital Management Inc. grew its position in shares of Stitch Fix by 286.2% in the second quarter. Hodges Capital Management Inc. now owns 2,511,100 shares of the company’s stock valued at $10,421,000 after purchasing an additional 1,860,950 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Stitch Fix by 11.7% in the second quarter. Renaissance Technologies LLC now owns 4,432,600 shares of the company’s stock valued at $18,395,000 after purchasing an additional 465,900 shares during the last quarter. XTX Topco Ltd purchased a new position in Stitch Fix during the second quarter worth approximately $502,000. Finally, Algert Global LLC acquired a new position in Stitch Fix during the second quarter worth $290,000. Institutional investors and hedge funds own 71.04% of the company’s stock.

Stitch Fix Stock Up 4.6 %

SFIX opened at $4.53 on Tuesday. Stitch Fix, Inc. has a 52 week low of $2.06 and a 52 week high of $5.05. The business has a fifty day simple moving average of $3.28 and a 200-day simple moving average of $3.49. The firm has a market cap of $574.59 million, a P/E ratio of -4.19 and a beta of 1.87.

Stitch Fix (NASDAQ:SFIX) last posted its earnings results on Tuesday, September 24th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.07. The firm had revenue of $319.55 million for 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%. Sell-side analysts expect that Stitch Fix, Inc. will post -0.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. UBS Group cut their target price 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. Canaccord Genuity Group cut their price objective on shares of Stitch Fix from $4.50 to $3.50 and set a “hold” rating for the company in a research report on Wednesday, September 25th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $4.00 price target on shares of Stitch Fix in a report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Stitch Fix presently has a consensus rating of “Hold” and an average price target of $3.27.

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.