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

Public Employees Retirement System of Ohio purchased a new position in Stitch Fix, Inc. (NASDAQ:SFIX) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 179,665 shares of the company’s stock, valued at approximately $738,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SFIX. Caerus Investment Advisors LLC purchased a new stake in Stitch Fix during the 1st quarter valued at approximately $36,000. Quantbot Technologies LP purchased a new position in shares of Stitch Fix in the second quarter worth $37,000. First Dallas Securities Inc. purchased a new position in shares of Stitch Fix in the first quarter worth $38,000. Krilogy Financial LLC bought a new position in shares of Stitch Fix during the first quarter worth $46,000. Finally, Creative Planning bought a new position in shares of Stitch Fix during the second quarter worth $46,000. 71.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Stitch Fix news, insider Anthony Bacos sold 100,000 shares of Stitch Fix stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $4.51, for a total value of $451,000.00. Following the completion of the transaction, the insider directly owned 1,071,994 shares of the company’s stock, valued at $4,834,692.94. This trade represents a 8.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Aufderhaar sold 67,960 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $3.79, for a total transaction of $257,568.40. Following the sale, the chief financial officer owned 1,102,369 shares in the company, valued at $4,177,978.51. This represents a 5.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 727,971 shares of company stock valued at $2,924,817 over the last three months. Corporate insiders own 16.09% of the company’s stock.

Stitch Fix Stock Performance

SFIX stock opened at $2.89 on Thursday. The firm has a fifty day moving average price of $3.60 and a 200 day moving average price of $3.56. Stitch Fix, Inc. has a fifty-two week low of $2.88 and a fifty-two week high of $5.94. The firm has a market cap of $385.61 million, a PE ratio of -36.12 and a beta of 2.27.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Wednesday, June 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.05. Stitch Fix had a negative net margin of 1.43% and a negative return on equity of 9.35%. The company had revenue of $340.28 million for the quarter, compared to the consensus estimate of $333.51 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. Stitch Fix’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts predict that Stitch Fix, Inc. will post -0.14 EPS for the current year.

Analysts Set New Price Targets

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

About Stitch Fix

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.