Harbour Capital Advisors LLC bought a new stake in shares of Stitch Fix Inc (NASDAQ:SFIX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,825 shares of the company’s stock, valued at approximately $386,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SFIX. Bessemer Group Inc. acquired a new position in shares of Stitch Fix in the 3rd quarter valued at $395,000. Commonwealth Equity Services LLC acquired a new position in shares of Stitch Fix in the 3rd quarter valued at $709,000. Picton Mahoney Asset Management acquired a new position in shares of Stitch Fix in the 3rd quarter valued at $1,126,000. Penserra Capital Management LLC boosted its holdings in shares of Stitch Fix by 20.2% in the 3rd quarter. Penserra Capital Management LLC now owns 721,068 shares of the company’s stock valued at $31,561,000 after buying an additional 121,284 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Stitch Fix in the 3rd quarter valued at $1,117,000. Hedge funds and other institutional investors own 21.63% of the company’s stock.

Shares of Stitch Fix stock opened at $25.41 on Tuesday. The firm has a market cap of $2.60 billion and a price-to-earnings ratio of 65.15. Stitch Fix Inc has a one year low of $14.48 and a one year high of $52.44.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings results on Monday, October 1st. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.14. The business had revenue of $318.30 million during the quarter, compared to the consensus estimate of $318.93 million. Stitch Fix had a net margin of 3.66% and a return on equity of 19.95%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. As a group, sell-side analysts expect that Stitch Fix Inc will post 0.13 earnings per share for the current year.

In other Stitch Fix news, COO Mike C. Smith sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $32.69, for a total transaction of $817,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Steven M. Spurlock sold 329,621 shares of the firm’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $26.48, for a total transaction of $8,728,364.08. The disclosure for this sale can be found here. Insiders sold a total of 491,507 shares of company stock valued at $14,531,514 in the last quarter. Insiders own 56.97% of the company’s stock.

Several brokerages have recently issued reports on SFIX. Zacks Investment Research cut shares of Stitch Fix from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Wells Fargo & Co dropped coverage on shares of Stitch Fix in a research note on Tuesday, October 2nd. Stifel Nicolaus increased their price target on shares of Stitch Fix from $26.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, October 2nd. KeyCorp decreased their price target on shares of Stitch Fix from $53.00 to $45.00 and set an “overweight” rating for the company in a research note on Tuesday, October 2nd. Finally, Piper Jaffray Companies set a $31.00 price target on shares of Stitch Fix and gave the stock a “hold” rating in a research note on Tuesday, October 2nd. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Stitch Fix has an average rating of “Hold” and an average price target of $33.18.

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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, women, and kids 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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