Brighton Jones LLC purchased a new position in Stitch Fix Inc (NASDAQ:SFIX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 54,757 shares of the company’s stock, valued at approximately $1,503,000.

Several other hedge funds also recently made changes to their positions in the company. Baillie Gifford & Co. grew its stake in shares of Stitch Fix by 18.5% in the second quarter. Baillie Gifford & Co. now owns 2,290,113 shares of the company’s stock worth $62,841,000 after acquiring an additional 357,686 shares during the period. Contrarius Investment Management Ltd bought a new stake in shares of Stitch Fix in the first quarter worth approximately $6,921,000. Pier Capital LLC bought a new stake in shares of Stitch Fix in the first quarter worth approximately $4,077,000. Barclays PLC grew its stake in shares of Stitch Fix by 17,113.6% in the first quarter. Barclays PLC now owns 115,503 shares of the company’s stock worth $2,343,000 after acquiring an additional 114,832 shares during the period. Finally, First Trust Advisors LP bought a new stake in shares of Stitch Fix in the second quarter worth approximately $2,716,000. Hedge funds and other institutional investors own 12.37% of the company’s stock.

Shares of Stitch Fix opened at $31.75 on Friday, according to MarketBeat. Stitch Fix Inc has a 12-month low of $14.48 and a 12-month high of $35.45.

Stitch Fix (NASDAQ:SFIX) last announced its earnings results on Thursday, June 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. The company had revenue of $316.70 million during the quarter, compared to analyst estimates of $306.67 million. Stitch Fix had a net margin of 1.90% and a return on equity of 15.39%. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.38) earnings per share. analysts forecast that Stitch Fix Inc will post 0.2 earnings per share for the current fiscal year.

In other Stitch Fix news, major shareholder Christopher J. Schaepe sold 31,886 shares of Stitch Fix stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $20.80, for a total transaction of $663,228.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Christopher J. Schaepe sold 31,887 shares of Stitch Fix stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $20.99, for a total transaction of $669,308.13. The disclosure for this sale can be found here. Insiders have sold 1,188,694 shares of company stock valued at $31,145,449 over the last 90 days.

SFIX has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of Stitch Fix from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, June 8th. Zacks Investment Research lowered shares of Stitch Fix from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Co assumed coverage on shares of Stitch Fix in a research report on Thursday, August 2nd. They set a “market perform” rating and a $30.00 target price for the company. Finally, KeyCorp assumed coverage on shares of Stitch Fix in a research report on Tuesday, July 10th. They set an “overweight” rating and a $38.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $27.56.

Stitch Fix Profile

Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men and women under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc in October 2011.

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Institutional Ownership by Quarter for Stitch Fix (NASDAQ:SFIX)

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