Jacobs Levy Equity Management Inc. Has $10.62 Million Stake in Stitch Fix, Inc. (NASDAQ:SFIX)

Jacobs Levy Equity Management Inc. raised its stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 142.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,464,863 shares of the company’s stock after purchasing an additional 1,449,941 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.94% of Stitch Fix worth $10,624,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SFIX. Barclays PLC boosted its stake in Stitch Fix by 30.7% during the 3rd quarter. Barclays PLC now owns 168,953 shares of the company’s stock valued at $475,000 after purchasing an additional 39,713 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Stitch Fix by 72.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company’s stock valued at $455,000 after purchasing an additional 67,892 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in shares of Stitch Fix in the 4th quarter worth approximately $46,000. Savant Capital LLC purchased a new position in shares of Stitch Fix in the 4th quarter worth approximately $79,000. Finally, Rhumbline Advisers boosted its stake in shares of Stitch Fix by 1.5% in the 4th quarter. Rhumbline Advisers now owns 149,625 shares of the company’s stock worth $645,000 after buying an additional 2,255 shares during the last quarter. Institutional investors and hedge funds own 71.04% of the company’s stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group restated a “market perform” rating and issued a $6.00 target price on shares of Stitch Fix in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, Stitch Fix currently has an average rating of “Hold” and an average price target of $4.50.

Insider Activity at Stitch Fix

In related news, insider Casey O’connor sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $3.04, for a total value of $152,000.00. Following the transaction, the insider now owns 575,755 shares in the company, valued at approximately $1,750,295.20. This represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.95% of the stock is owned by company insiders.

Stitch Fix Trading Up 17.2%

Stitch Fix stock opened at $4.09 on Tuesday. Stitch Fix, Inc. has a 12 month low of $2.11 and a 12 month high of $6.99. The business’s 50 day simple moving average is $3.38 and its 200 day simple moving average is $4.10. The company has a market cap of $526.78 million, a price-to-earnings ratio of -4.93 and a beta of 2.00.

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

Stitch Fix 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.