Public Employees Retirement System of Ohio Purchases Shares of 179,665 Stitch Fix, Inc. $SFIX

Public Employees Retirement System of Ohio purchased a new stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 179,665 shares of the company’s stock, valued at approximately $738,000. Public Employees Retirement System of Ohio owned about 0.13% of Stitch Fix as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. State of Wyoming boosted its holdings in shares of Stitch Fix by 31.9% in the fourth quarter. State of Wyoming now owns 16,001 shares of the company’s stock worth $84,000 after buying an additional 3,866 shares during the last quarter. Allworth Financial LP increased its holdings in Stitch Fix by 44.4% during the second quarter. Allworth Financial LP now owns 12,793 shares of the company’s stock valued at $53,000 after buying an additional 3,932 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Stitch Fix by 7.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,270 shares of the company’s stock valued at $199,000 after buying an additional 3,993 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Stitch Fix by 12.1% in the second quarter. The Manufacturers Life Insurance Company now owns 39,807 shares of the company’s stock worth $147,000 after acquiring an additional 4,303 shares during the period. Finally, Franklin Resources Inc. raised its position in Stitch Fix by 3.4% in the fourth quarter. Franklin Resources Inc. now owns 156,330 shares of the company’s stock worth $821,000 after acquiring an additional 5,113 shares during the period. Institutional investors own 71.04% of the company’s stock.

Insiders Place Their Bets

In other Stitch Fix news, insider Anthony Bacos sold 100,000 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $4.51, for a total value of $451,000.00. Following the completion of the sale, the insider owned 1,071,994 shares in the company, valued at approximately $4,834,692.94. This represents a 8.53% decrease in their position. The sale was disclosed in a filing with the SEC, 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 67,960 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $3.79, for a total value of $257,568.40. Following the completion of the sale, the chief financial officer owned 1,102,369 shares of the company’s stock, valued at $4,177,978.51. The trade was a 5.81% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 727,971 shares of company stock worth $2,924,817. 16.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SFIX shares. Weiss Ratings upgraded shares of Stitch Fix from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. Northland Securities started coverage on Stitch Fix in a research note on Thursday, May 28th. They issued an “outperform” rating and a $5.00 price objective for the company. Finally, UBS Group lowered their target price on Stitch Fix from $4.50 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Stitch Fix presently has a consensus rating of “Hold” and a consensus price target of $5.00.

Stitch Fix Trading Down 2.7%

Stitch Fix stock opened at $2.89 on Thursday. Stitch Fix, Inc. has a 12-month low of $2.88 and a 12-month high of $5.94. The firm has a market capitalization of $385.61 million, a price-to-earnings ratio of -36.12 and a beta of 2.27. The firm has a 50 day moving average of $3.60 and a 200 day moving average of $3.56.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly 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 business had revenue of $340.28 million for the quarter, compared to the consensus estimate of $333.51 million. Stitch Fix had a negative net margin of 1.43% and a negative return on equity of 9.35%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. On average, analysts predict that Stitch Fix, Inc. will post -0.14 EPS for the current year.

Stitch Fix Company 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.