Counterpoint Mutual Funds LLC Takes Position in Stitch Fix, Inc. (NASDAQ:SFIX)

Counterpoint Mutual Funds LLC bought a new stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX) during the fourth quarter, HoldingsChannel.com reports. The fund bought 84,704 shares of the company’s stock, valued at approximately $365,000.

Other hedge funds have also recently modified their holdings of the company. Disciplined Growth Investors Inc. MN grew its stake in shares of Stitch Fix by 48.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock valued at $38,731,000 after buying an additional 4,460,668 shares during the last quarter. Ieq Capital LLC bought a new position in shares of Stitch Fix during the fourth quarter valued at approximately $299,000. Hodges Capital Management Inc. grew its stake 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. JPMorgan Chase & Co. grew its stake in shares of Stitch Fix by 72.7% during the third quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company’s stock valued at $455,000 after buying an additional 67,892 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Stitch Fix by 2,253.6% during the third quarter. Public Employees Retirement System of Ohio now owns 146,750 shares of the company’s stock valued at $414,000 after buying an additional 140,515 shares during the last quarter. Institutional investors own 71.04% of the company’s stock.

Stitch Fix Stock Down 6.3 %

Stitch Fix stock opened at $3.59 on Tuesday. The business has a fifty day moving average of $4.82 and a two-hundred day moving average of $4.08. The firm has a market cap of $455.35 million, a P/E ratio of -4.33 and a beta of 2.13. Stitch Fix, Inc. has a twelve month low of $2.06 and a twelve month high of $6.99.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday, March 12th. Canaccord Genuity Group increased their price objective on Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Finally, UBS Group increased their price objective on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.50.

Stitch Fix Company 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.