ExodusPoint Capital Management LP Sells 50,066 Shares of Stitch Fix, Inc. (NASDAQ:SFIX)

ExodusPoint Capital Management LP cut its position in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 50.0% during the 4th quarter, Holdings Channel reports. The firm owned 50,012 shares of the company’s stock after selling 50,066 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Stitch Fix were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SFIX. Public Employees Retirement System of Ohio boosted its stake in shares of Stitch Fix by 2,253.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 146,750 shares of the company’s stock worth $414,000 after buying an additional 140,515 shares during the last quarter. Barclays PLC boosted its position in Stitch Fix by 30.7% in the third quarter. Barclays PLC now owns 168,953 shares of the company’s stock worth $475,000 after purchasing an additional 39,713 shares during the last quarter. Geode Capital Management LLC grew its stake in Stitch Fix by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,294,925 shares of the company’s stock valued at $6,473,000 after purchasing an additional 83,220 shares during the period. Virtu Financial LLC purchased a new stake in shares of Stitch Fix during the 3rd quarter valued at $196,000. Finally, Franklin Resources Inc. raised its stake in shares of Stitch Fix by 68.0% during the 3rd quarter. Franklin Resources Inc. now owns 144,261 shares of the company’s stock worth $391,000 after purchasing an additional 58,412 shares during the period. 71.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group restated a “market perform” rating and set a $6.00 price target on shares of Stitch Fix in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.50.

Stitch Fix Price Performance

Shares of SFIX opened at $2.99 on Monday. Stitch Fix, Inc. has a 1 year low of $2.06 and a 1 year high of $6.99. The stock’s fifty day moving average price is $4.11 and its two-hundred day moving average price is $4.03. The firm has a market cap of $385.10 million, a PE ratio of -3.60 and a beta of 2.03.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The business had revenue of $312.11 million for the quarter, compared to analysts’ expectations of $298.04 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.29) EPS. Sell-side analysts anticipate 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.