American Century Companies Inc. Purchases 26,492 Shares of Stitch Fix, Inc. (NASDAQ:SFIX)

American Century Companies Inc. increased its position in Stitch Fix, Inc. (NASDAQ:SFIX) by 16.5% in the 4th quarter, Holdings Channel reports. The firm owned 187,022 shares of the company’s stock after buying an additional 26,492 shares during the quarter. American Century Companies Inc.’s holdings in Stitch Fix were worth $806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers grew its holdings in shares of Stitch Fix by 1.5% during the fourth quarter. Rhumbline Advisers now owns 149,625 shares of the company’s stock worth $645,000 after purchasing an additional 2,255 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Stitch Fix in the fourth quarter valued at approximately $29,000. Pallas Capital Advisors LLC bought a new position in shares of Stitch Fix in the 4th quarter worth $46,000. Bellecapital International Ltd. bought a new position in Stitch Fix during the fourth quarter worth about $55,000. Finally, Bank of New York Mellon Corp grew its holdings in Stitch Fix by 7.5% during the fourth quarter. Bank of New York Mellon Corp now owns 258,299 shares of the company’s stock valued at $1,113,000 after purchasing an additional 17,943 shares during the period. Institutional investors and hedge funds own 71.04% of the company’s stock.

Stitch Fix Stock Performance

SFIX opened at $2.99 on Friday. The firm has a market capitalization of $385.10 million, a PE ratio of -3.60 and a beta of 2.03. Stitch Fix, Inc. has a 52-week low of $2.06 and a 52-week high of $6.99. The business’s 50-day simple moving average is $4.14 and its 200 day simple moving average is $4.01.

Stitch Fix (NASDAQ:SFIX) last issued its earnings results on Tuesday, March 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $312.11 million during the quarter, compared to the consensus estimate of $298.04 million. During the same period last year, the business posted ($0.29) EPS. Stitch Fix’s revenue was down 5.5% on a year-over-year basis. On average, research analysts forecast that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reissued a “market perform” rating and set a $6.00 target price on shares of Stitch Fix in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.50.

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.