5. GENDER EQUALITY

CHICAGO TRUST Co NA Buys Shares of 15229 Stitch Fix, Inc. (NASDAQ:SFIX) – Defense World

Written by Amanda

CHICAGO TRUST Co NA bought a new stake in Stitch Fix, Inc. (NASDAQ:SFIXGet Rating) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 15,229 shares of the company’s stock, valued at approximately $153,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in Stitch Fix in the 4th quarter valued at about $1,236,000. PenderFund Capital Management Ltd. grew its position in Stitch Fix by 293.4% in the 4th quarter. PenderFund Capital Management Ltd. now owns 820,000 shares of the company’s stock valued at $19,628,000 after acquiring an additional 611,570 shares in the last quarter. Sei Investments Co. grew its position in Stitch Fix by 35.0% in the 4th quarter. Sei Investments Co. now owns 1,290,626 shares of the company’s stock valued at $24,419,000 after acquiring an additional 334,746 shares in the last quarter. Slate Path Capital LP grew its position in Stitch Fix by 43.6% in the 4th quarter. Slate Path Capital LP now owns 4,282,056 shares of the company’s stock valued at $81,016,000 after acquiring an additional 1,300,000 shares in the last quarter. Finally, Source Financial Advisors LLC grew its position in Stitch Fix by 50.6% in the 4th quarter. Source Financial Advisors LLC now owns 130,961 shares of the company’s stock valued at $2,478,000 after acquiring an additional 44,025 shares in the last quarter. 70.50% of the stock is owned by institutional investors.

Shares of NASDAQ SFIX opened at $5.77 on Thursday. Stitch Fix, Inc. has a twelve month low of $5.70 and a twelve month high of $64.50. The stock has a 50 day moving average of $8.33 and a two-hundred day moving average of $12.48. The stock has a market cap of $624.15 million, a P/E ratio of -6.95 and a beta of 1.74.

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

SFIX has been the subject of several recent research reports. Truist Financial decreased their price objective on Stitch Fix from $12.00 to $8.00 and set a “hold” rating for the company in a research note on Friday, June 10th. UBS Group reiterated a “hold” rating and issued a $10.00 price objective on shares of Stitch Fix in a research note on Friday, June 10th. JPMorgan Chase & Co. decreased their price objective on Stitch Fix from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, June 10th. Morgan Stanley decreased their price objective on Stitch Fix from $9.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, June 10th. Finally, BMO Capital Markets decreased their price objective on Stitch Fix from $11.00 to $8.00 in a research note on Friday, June 10th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.55.

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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Source: defenseworld.net

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Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai