Landscape Capital Management L.L.C. Buys 404,322 Shares of Stitch Fix, Inc. $SFIX

Landscape Capital Management L.L.C. grew its holdings in Stitch Fix, Inc. (NASDAQ:SFIX) by 49.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,230,124 shares of the company’s stock after purchasing an additional 404,322 shares during the period. Landscape Capital Management L.L.C.’s holdings in Stitch Fix were worth $6,458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SFIX. Creative Planning bought a new stake in shares of Stitch Fix in the 2nd quarter worth $46,000. CIBC Bancorp USA Inc. bought a new stake in shares of Stitch Fix in the 3rd quarter worth $50,000. Farther Finance Advisors LLC increased its holdings in shares of Stitch Fix by 52.1% in the 4th quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company’s stock worth $51,000 after purchasing an additional 3,329 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Stitch Fix in the 3rd quarter worth $61,000. Finally, Inceptionr LLC bought a new stake in shares of Stitch Fix in the 3rd quarter worth $72,000. Institutional investors own 71.04% of the company’s stock.

Insider Buying and Selling at Stitch Fix

In related news, insider Casey O’connor sold 60,000 shares of Stitch Fix stock in a transaction on Friday, April 10th. The stock was sold at an average price of $3.08, for a total transaction of $184,800.00. Following the transaction, the insider directly owned 480,334 shares in the company, valued at approximately $1,479,428.72. The trade was a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Aufderhaar sold 65,709 shares of Stitch Fix stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $3.09, for a total value of $203,040.81. Following the transaction, the chief financial officer owned 1,178,037 shares in the company, valued at $3,640,134.33. This trade represents a 5.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on SFIX. UBS Group lifted their target price on Stitch Fix from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday. Wall Street Zen lowered Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Stitch Fix in a report on Tuesday, April 21st. William Blair reissued a “mixed” rating on shares of Stitch Fix in a report on Friday, March 6th. Finally, Telsey Advisory Group reduced their target price on Stitch Fix from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Stitch Fix currently has an average rating of “Hold” and a consensus price target of $5.13.

Stitch Fix Stock Performance

NASDAQ SFIX opened at $3.85 on Friday. The company has a market capitalization of $525.60 million, a PE ratio of -29.62 and a beta of 2.31. The business’s fifty day moving average is $3.50 and its 200 day moving average is $4.06. Stitch Fix, Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $5.94.

Stitch Fix (NASDAQ:SFIX) last released its earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.05. The company had revenue of $340.28 million for the quarter, compared to the consensus estimate of $333.51 million. Stitch Fix had a negative return on equity of 9.30% and a negative net margin of 1.43%.Stitch Fix’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.06) earnings per share. On average, sell-side analysts forecast that Stitch Fix, Inc. will post -0.15 EPS for the current year.

Stitch Fix Profile

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.