Headlands Technologies LLC Makes New Investment in Stitch Fix, Inc. (NASDAQ:SFIX)

Headlands Technologies LLC acquired a new stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 34,020 shares of the company’s stock, valued at approximately $147,000.

Other institutional investors also recently modified their holdings of the company. Disciplined Growth Investors Inc. MN increased its stake in Stitch Fix by 48.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock valued at $38,731,000 after purchasing an additional 4,460,668 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Stitch Fix in the third quarter valued at $2,862,000. Hodges Capital Management Inc. grew its holdings in shares of Stitch Fix by 34.4% during the third quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock valued at $9,518,000 after buying an additional 864,100 shares during the last quarter. Norges Bank bought a new stake in shares of Stitch Fix during the fourth quarter worth about $3,183,000. Finally, Vanguard Group Inc. raised its holdings in shares of Stitch Fix by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company’s stock worth $27,882,000 after acquiring an additional 457,568 shares during the last quarter. 71.04% of the stock is owned by institutional investors and hedge funds.

Stitch Fix Stock Down 0.7 %

Stitch Fix stock opened at $2.85 on Friday. Stitch Fix, Inc. has a 52 week low of $2.06 and a 52 week high of $6.99. The company’s 50 day moving average price is $4.36 and its two-hundred day moving average price is $4.06. The stock has a market cap of $367.07 million, a P/E ratio of -3.43 and a beta of 2.03.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The business had revenue of $312.11 million for the quarter, compared to analyst estimates of $298.04 million. During the same period last year, the company posted ($0.29) earnings per share. Stitch Fix’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SFIX. Telsey Advisory Group reiterated a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a research note on Wednesday, March 12th. Canaccord Genuity Group lifted their target price on Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, Stitch Fix has an average rating of “Hold” and a consensus target price of $4.50.

About Stitch Fix

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.