Counterpoint Mutual Funds LLC Takes Position in Stitch Fix, Inc. (NASDAQ:SFIX)

Counterpoint Mutual Funds LLC acquired a new stake in Stitch Fix, Inc. (NASDAQ:SFIX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 84,704 shares of the company’s stock, valued at approximately $365,000. Counterpoint Mutual Funds LLC owned approximately 0.07% of Stitch Fix as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Stitch Fix in the fourth quarter valued at about $29,000. Pallas Capital Advisors LLC purchased a new position in shares of Stitch Fix in the fourth quarter valued at about $46,000. Caprock Group LLC purchased a new position in shares of Stitch Fix in the third quarter valued at about $33,000. Bellecapital International Ltd. purchased a new position in shares of Stitch Fix in the fourth quarter valued at about $55,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Stitch Fix in the third quarter valued at about $44,000. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

Stitch Fix Price Performance

Shares of NASDAQ SFIX opened at $3.59 on Tuesday. The business’s 50 day moving average is $4.82 and its two-hundred day moving average is $4.08. Stitch Fix, Inc. has a 1-year low of $2.06 and a 1-year high of $6.99. The stock has a market capitalization of $455.35 million, a P/E ratio of -4.33 and a beta of 2.13.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SFIX shares. Canaccord Genuity Group boosted their target price on Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 target price on shares of Stitch Fix in a research report on Wednesday, March 12th. Finally, UBS Group boosted their target price on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.50.

Stitch Fix Company 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.