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Stitch Fix, Inc. (NASDAQ:SFIX) Stake Lifted by California Public Employees Retirement System

imageAnalysts Set Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Price Target at $11.00 Stitch Fix, Inc.(NASDAQ:SFIX) Stake Lifted by California Public Employees Retirement System February 21st, 2021 – Comments Off on Stitch Fix, Inc.(NASDAQ:SFIX) Stake Lifted by California Public Employees Retirement System – Filed Under – by Tyrone Williams Tweet

California Public Employees Retirement System increased its stake in shares of Stitch Fix, Inc.(NASDAQ:SFIX) by 28.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).

The fund owned 150,773 shares of the company’s stock after buying an additional 33,473 shares during the quarter.California Public Employees Retirement System owned about 0.14% of Stitch Fix worth $8,853,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SFIX.First Trust Advisors LP boosted its position in Stitch Fix by 25.4% during the 1st quarter.First Trust Advisors LP now owns 104,279 shares of the company’s stock worth $2,944,000 after acquiring an additional 21,153 shares during the period.

Envestnet Asset Management Inc.acquired a new position in Stitch Fix during the 3rd quarter worth $291,000.Nisa Investment Advisors LLC acquired a new position in Stitch Fix during the 3rd quarter worth $49,000.NEXT Financial Group Inc acquired a new position in Stitch Fix during the 3rd quarter worth $73,000.

Finally, State of Michigan Retirement System acquired a new position in Stitch Fix during the 3rd quarter worth $16,305,000.Institutional investors own 55.51% of the company’s stock.Get Stitch Fix alerts:

Shares of NASDAQ SFIX opened at $79.62 on Friday.Stitch Fix, Inc.

has a 12 month low of $10.90 and a 12 month high of $113.76.The company has a market cap of $8.35 billion, a price-to-earnings ratio of -139.68 and a beta of 2.46.The business has a fifty day simple moving average of $78.15 and a 200-day simple moving average of $46.39.Stitch Fix (NASDAQ:SFIX) last posted its quarterly earnings results on Sunday, December 6th.

The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.26.The firm had revenue of $490.42 million for the quarter, compared to analyst estimates of $481.12 million.Stitch Fix had a negative return on equity of 13.58% and a negative net margin of 3.27%.The firm’s revenue was up 10.3% compared to the same quarter last year.Research analysts anticipate that Stitch Fix, Inc.

will post -0.25 earnings per share for the current fiscal year.

In related news, Director Marka Hansen sold 20,250 shares of the company’s stock in a transaction on Friday, November 27th.The stock was sold at an average price of $40.00, for a total transaction of $810,000.00.Following the transaction, the director now directly owns 20,250 shares of the company’s stock, valued at $810,000.

The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link .Also, CEO Katrina Lake sold 43,778 shares of the company’s stock in a transaction on Thursday, January 21st.

The shares were sold at an average price of $81.88, for a total value of $3,584,542.64.Following the transaction, the chief executive officer now directly owns 23,155 shares in the company, valued at $1,895,931.40.

The disclosure for this sale can be found here .Insiders have sold 304,634 shares of company stock worth $19,871,830 over the last three months.45.10% of the stock is owned by insiders.

SFIX has been the subject of several research analyst reports.Wells Fargo & Company lowered Stitch Fix from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $18.00 to $27.00 in a report on Thursday, December 3rd.MKM Partners lowered Stitch Fix from a “neutral” rating to a “sell” rating and upped their price objective for the company from $25.00 to $28.00 in a report on Friday, December 4th.The Goldman Sachs Group upped their price objective on Stitch Fix from $34.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, December 8th.TheStreet upgraded Stitch Fix from a “d” rating to a “c” rating in a report on Monday, December 7th.Finally, Robert W.

Baird lowered Stitch Fix from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $60.00 to $85.00 in a report on Friday, January 29th.They noted that the move was a valuation call.Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company.The company has a consensus rating of “Hold” and a consensus price target of $68.17.

Stitch Fix Company Profile

Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile application in the United States.

It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men, women, and kids under the Stitch Fix brand.The company was formerly known as rack habit inc.

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