Great West Life Assurance Co. Can trimmed its holdings in shares of Stitch Fix Inc (NASDAQ:SFIX) by 57.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,481 shares of the company’s stock after selling 3,299 shares during the period. Great West Life Assurance Co. Can’s holdings in Stitch Fix were worth $48,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SFIX. Captrust Financial Advisors grew its stake in Stitch Fix by 392.0% in the second quarter. Captrust Financial Advisors now owns 1,230 shares of the company’s stock valued at $39,000 after purchasing an additional 980 shares in the last quarter. Bell Rock Capital LLC purchased a new position in Stitch Fix in the second quarter valued at about $51,000. Valeo Financial Advisors LLC grew its stake in Stitch Fix by 27.3% in the third quarter. Valeo Financial Advisors LLC now owns 2,749 shares of the company’s stock valued at $53,000 after purchasing an additional 590 shares in the last quarter. AdvisorNet Financial Inc grew its stake in Stitch Fix by 52.8% in the third quarter. AdvisorNet Financial Inc now owns 2,820 shares of the company’s stock valued at $54,000 after purchasing an additional 975 shares in the last quarter. Finally, Griffin Asset Management Inc. purchased a new position in Stitch Fix in the second quarter valued at about $63,000. 39.46% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on the company. Wells Fargo & Co lowered their target price on Stitch Fix from $30.00 to $20.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 2nd. TheStreet downgraded Stitch Fix from a “c-” rating to a “d” rating in a research note on Thursday, August 22nd. Stifel Nicolaus lowered their target price on Stitch Fix from $35.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. Robert W. Baird assumed coverage on Stitch Fix in a research note on Tuesday, October 15th. They issued an “outperform” rating and a $28.00 target price on the stock. Finally, Royal Bank of Canada lowered their target price on Stitch Fix from $43.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Stitch Fix has an average rating of “Hold” and an average price target of $28.67.

In other news, COO Mike C. Smith sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $20.41, for a total transaction of $306,150.00. Following the completion of the sale, the chief operating officer now owns 62,761 shares in the company, valued at approximately $1,280,952.01. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director J William Gurley purchased 150,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were bought at an average price of $23.41 per share, with a total value of $3,511,500.00. In the last quarter, insiders have sold 345,000 shares of company stock valued at $7,510,600. 56.97% of the stock is currently owned by corporate insiders.

SFIX opened at $21.85 on Friday. The company has a market cap of $2.35 billion, a PE ratio of 60.69, a price-to-earnings-growth ratio of 28.42 and a beta of 3.36. The stock has a 50-day moving average of $21.43 and a 200-day moving average of $24.22. Stitch Fix Inc has a 52-week low of $16.05 and a 52-week high of $37.72.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Tuesday, October 1st. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $432.10 million during the quarter, compared to the consensus estimate of $432.44 million. Stitch Fix had a return on equity of 10.11% and a net margin of 2.34%. The firm’s revenue was up 35.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 EPS. On average, research analysts predict that Stitch Fix Inc will post 0.03 EPS for the current year.

About Stitch Fix

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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