Invesco Ltd. Has $1.84 Million Position in Stitch Fix, Inc. (NASDAQ:SFIX)

Invesco Ltd. boosted its position in Stitch Fix, Inc. (NASDAQ:SFIX) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 427,677 shares of the company’s stock after buying an additional 29,186 shares during the quarter. Invesco Ltd.’s holdings in Stitch Fix were worth $1,843,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SFIX. SBI Securities Co. Ltd. acquired a new stake in shares of Stitch Fix in the fourth quarter valued at approximately $29,000. Pallas Capital Advisors LLC acquired a new stake in Stitch Fix in the 4th quarter valued at $46,000. Bellecapital International Ltd. bought a new stake in Stitch Fix during the 4th quarter worth about $55,000. Savant Capital LLC acquired a new position in shares of Stitch Fix during the 4th quarter worth about $79,000. Finally, Polymer Capital Management US LLC bought a new position in shares of Stitch Fix in the 4th quarter valued at about $82,000. Institutional investors own 71.04% of the company’s stock.

Stitch Fix Stock Up 0.6 %

NASDAQ:SFIX opened at $3.33 on Wednesday. Stitch Fix, Inc. has a 12-month low of $2.07 and a 12-month high of $6.99. The stock’s 50 day moving average price is $3.61 and its two-hundred day moving average price is $4.05. The firm has a market capitalization of $428.89 million, a price-to-earnings ratio of -4.01 and a beta of 2.03.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The firm had revenue of $312.11 million during the quarter, compared to analysts’ expectations of $298.04 million. During the same period in the previous year, the business posted ($0.29) earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. Equities research analysts expect that Stitch Fix, Inc. will post -0.44 EPS for the current year.

Insider Activity at Stitch Fix

In other Stitch Fix news, insider Casey O’connor sold 50,000 shares of Stitch Fix stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $3.04, for a total value of $152,000.00. Following the completion of the sale, the insider now owns 575,755 shares in the company, valued at $1,750,295.20. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reissued 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 issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $4.50.

About Stitch Fix

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.