Hall Kathryn A. Buys Shares of 65,186 Stitch Fix, Inc. (NASDAQ:SFIX)

Hall Kathryn A. purchased a new position in Stitch Fix, Inc. (NASDAQ:SFIX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 65,186 shares of the company’s stock, valued at approximately $281,000. Stitch Fix makes up approximately 0.2% of Hall Kathryn A.’s portfolio, making the stock its 19th largest holding.

A number of other hedge funds have also recently made changes to their positions in SFIX. SBI Securities Co. Ltd. purchased a new stake in Stitch Fix during the fourth quarter valued at approximately $29,000. Pallas Capital Advisors LLC purchased a new stake in shares of Stitch Fix during the 4th quarter valued at $46,000. Bellecapital International Ltd. acquired a new stake in shares of Stitch Fix in the 4th quarter worth $55,000. Savant Capital LLC purchased a new position in Stitch Fix during the 4th quarter worth $79,000. Finally, Intech Investment Management LLC acquired a new position in Stitch Fix during the 3rd quarter valued at about $102,000. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on SFIX. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 price target on shares of Stitch Fix in a report on Wednesday, March 12th. UBS Group lifted their target price on shares of Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Finally, Canaccord Genuity Group boosted their target price on shares of Stitch Fix from $5.00 to $6.00 and gave the stock 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 assigned a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.50.

Stitch Fix Stock Performance

Shares of SFIX stock opened at $3.25 on Tuesday. Stitch Fix, Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $6.99. The firm has a market capitalization of $418.59 million, a PE ratio of -3.92 and a beta of 2.13. The stock’s 50-day simple moving average is $4.51 and its 200-day simple moving average is $4.08.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.06. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The company had revenue of $312.11 million for the quarter, compared to the consensus estimate of $298.04 million. During the same quarter in the prior year, the company earned ($0.29) EPS. Stitch Fix’s quarterly revenue was down 5.5% on a year-over-year basis. Sell-side analysts forecast that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

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.