UBS Group AG Decreases Stake in Stitch Fix, Inc. $SFIX

UBS Group AG lowered its position in Stitch Fix, Inc. (NASDAQ:SFIX) by 28.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 653,719 shares of the company’s stock after selling 259,840 shares during the period. UBS Group AG owned 0.49% of Stitch Fix worth $3,432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SFIX. State of Alaska Department of Revenue purchased a new position in Stitch Fix in the 3rd quarter valued at $32,000. Creative Planning purchased a new position in shares of Stitch Fix during the 2nd quarter worth $46,000. CIBC Bancorp USA Inc. purchased a new position in shares of Stitch Fix during the 3rd quarter worth $50,000. Farther Finance Advisors LLC raised its holdings in shares of Stitch Fix by 52.1% during the 4th quarter. Farther Finance Advisors LLC now owns 9,719 shares of the company’s stock worth $51,000 after acquiring an additional 3,329 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Stitch Fix during the 3rd quarter worth $57,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Stitch Fix Stock Performance

Shares of NASDAQ:SFIX opened at $3.33 on Monday. The business has a 50-day moving average price of $3.41 and a 200 day moving average price of $4.12. The company has a market capitalization of $454.61 million, a price-to-earnings ratio of -25.62 and a beta of 2.33. Stitch Fix, Inc. has a 12-month low of $2.95 and a 12-month high of $5.94.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $341.30 million during the quarter, compared to the consensus estimate of $334.74 million. Stitch Fix had a negative return on equity of 12.23% and a negative net margin of 1.89%.The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned ($0.05) EPS. As a group, equities research analysts predict that Stitch Fix, Inc. will post -0.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. William Blair reiterated a “mixed” rating on shares of Stitch Fix in a report on Friday, March 6th. Wall Street Zen lowered Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group reduced their price target on Stitch Fix from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Telsey Advisory Group reduced their price target on Stitch Fix from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, March 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Stitch Fix in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $5.00.

Insider Transactions at Stitch Fix

In other Stitch Fix news, insider Casey O’connor sold 60,000 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $3.08, for a total transaction of $184,800.00. Following the sale, the insider directly owned 480,334 shares in the company, valued at $1,479,428.72. This represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Aufderhaar sold 65,709 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $3.09, for a total transaction of $203,040.81. Following the sale, the chief financial officer owned 1,178,037 shares in the company, valued at $3,640,134.33. This trade represents a 5.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.09% of the stock is owned by corporate insiders.

About Stitch Fix

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.