CHICAGO TRUST Co NA Purchases Shares of 15,229 Stitch Fix, Inc. (NASDAQ:SFIX)

CHICAGO TRUST Co NA purchased a new stake in shares of Stitch Fix, Inc. (NASDAQ:SFIXGet Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,229 shares of the company’s stock, valued at approximately $153,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dark Forest Capital Management LP increased its holdings in shares of Stitch Fix by 40.9% during the third quarter. Dark Forest Capital Management LP now owns 2,235 shares of the company’s stock valued at $89,000 after acquiring an additional 649 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Stitch Fix by 42.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,344 shares of the company’s stock valued at $158,000 after acquiring an additional 2,470 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Stitch Fix by 20.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,005 shares of the company’s stock valued at $189,000 after acquiring an additional 1,697 shares in the last quarter. ARK Investment Management LLC acquired a new position in shares of Stitch Fix during the fourth quarter valued at about $194,000. Finally, Malaga Cove Capital LLC increased its holdings in shares of Stitch Fix by 21.2% during the fourth quarter. Malaga Cove Capital LLC now owns 10,304 shares of the company’s stock valued at $195,000 after acquiring an additional 1,800 shares in the last quarter. 70.50% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on SFIX. Sanford C. Bernstein began coverage on shares of Stitch Fix in a report on Tuesday, March 15th. They set a “market perform” rating and a $11.00 price objective on the stock. Evercore ISI cut their price objective on shares of Stitch Fix from $13.00 to $10.00 and set an “in-line” rating on the stock in a report on Friday, June 10th. Telsey Advisory Group cut their price objective on shares of Stitch Fix from $14.00 to $10.00 and set a “market perform” rating on the stock in a report on Friday, June 10th. Morgan Stanley cut their price target on shares of Stitch Fix from $9.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, June 10th. Finally, MKM Partners cut their price target on shares of Stitch Fix from $19.00 to $9.00 in a report on Monday, March 7th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Stitch Fix presently has an average rating of “Hold” and an average target price of $14.55.

Shares of NASDAQ SFIX opened at $5.77 on Thursday. The stock has a market capitalization of $624.15 million, a price-to-earnings ratio of -6.95 and a beta of 1.74. Stitch Fix, Inc. has a 12 month low of $5.70 and a 12 month high of $64.50. The firm’s 50 day simple moving average is $8.33 and its 200-day simple moving average is $12.48.

Stitch Fix (NASDAQ:SFIXGet Rating) last issued its quarterly earnings data on Thursday, June 9th. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.15). The firm had revenue of $492.90 million for the quarter, compared to analyst estimates of $493.71 million. Stitch Fix had a negative return on equity of 19.96% and a negative net margin of 4.13%. Stitch Fix’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.18) EPS. On average, equities analysts forecast that Stitch Fix, Inc. will post -1.62 EPS for the current year.

About Stitch Fix (Get Rating)

Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile application in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand. The company was formerly known as rack habit inc.

Further Reading

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Institutional Ownership by Quarter for Stitch Fix (NASDAQ:SFIX)

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