Creative Planning Purchases 6,194 Shares of Stitch Fix, Inc. (NASDAQ:SFIX)

Creative Planning lifted its position in Stitch Fix, Inc. (NASDAQ:SFIX) by 32.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,477 shares of the company’s stock after acquiring an additional 6,194 shares during the period. Creative Planning’s holdings in Stitch Fix were worth $72,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in Stitch Fix by 116.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 22,378 shares of the company’s stock worth $59,000 after purchasing an additional 12,028 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Stitch Fix by 37.0% during the 1st quarter. BNP Paribas Financial Markets now owns 116,405 shares of the company’s stock valued at $307,000 after acquiring an additional 31,442 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Stitch Fix during the first quarter worth about $259,000. Russell Investments Group Ltd. grew its holdings in Stitch Fix by 6.2% in the first quarter. Russell Investments Group Ltd. now owns 182,833 shares of the company’s stock worth $483,000 after purchasing an additional 10,698 shares during the period. Finally, EntryPoint Capital LLC increased its stake in shares of Stitch Fix by 576.6% during the first quarter. EntryPoint Capital LLC now owns 67,981 shares of the company’s stock valued at $179,000 after purchasing an additional 57,933 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Canaccord Genuity Group dropped their target price on Stitch Fix from $4.50 to $3.50 and set a “hold” rating on the stock in a report on Wednesday, September 25th. Telsey Advisory Group restated a “market perform” rating and set a $4.00 price objective on shares of Stitch Fix in a research note on Wednesday, September 25th. Finally, UBS Group dropped their target price on shares of Stitch Fix from $3.80 to $2.80 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.27.

Stitch Fix Stock Down 3.0 %

Shares of Stitch Fix stock opened at $3.84 on Wednesday. Stitch Fix, Inc. has a twelve month low of $2.06 and a twelve month high of $5.05. The company has a market cap of $487.07 million, a price-to-earnings ratio of -3.56 and a beta of 1.87. The company’s 50 day moving average is $3.24 and its 200 day moving average is $3.40.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Tuesday, September 24th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.07. Stitch Fix had a negative return on equity of 40.62% and a negative net margin of 9.63%. The firm had revenue of $319.55 million for the quarter, compared to analysts’ expectations of $317.48 million. Sell-side analysts expect that Stitch Fix, Inc. will post -0.61 EPS for the current fiscal year.

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.