Usca Ria LLC raised its stake in Stitch Fix Inc (NASDAQ:SFIX) by 14.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,000 shares of the company’s stock after purchasing an additional 6,400 shares during the quarter. Usca Ria LLC owned about 0.05% of Stitch Fix worth $1,399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Stitch Fix during the 2nd quarter valued at about $1,028,000. Bank of New York Mellon Corp acquired a new position in Stitch Fix during the 2nd quarter valued at about $367,000. Brighton Jones LLC acquired a new position in Stitch Fix during the 2nd quarter valued at about $1,503,000. D.A. Davidson & CO. acquired a new position in Stitch Fix during the 2nd quarter valued at about $203,000. Finally, First Trust Advisors LP acquired a new position in Stitch Fix during the 2nd quarter valued at about $2,716,000. Institutional investors own 12.51% of the company’s stock.

SFIX stock opened at $32.92 on Friday. Stitch Fix Inc has a 52 week low of $14.48 and a 52 week high of $35.45.

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

In related news, COO Mike C. Smith sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $32.69, for a total value of $817,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Katrina Lake sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $33.18, for a total transaction of $6,636,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,181,807 shares of company stock worth $31,293,391 over the last quarter.

SFIX has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Stitch Fix from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Wells Fargo & Co initiated coverage on shares of Stitch Fix in a research report on Thursday, August 2nd. They set a “market perform” rating and a $30.00 price target on the stock. KeyCorp initiated coverage on shares of Stitch Fix in a research report on Tuesday, July 10th. They set an “overweight” rating and a $38.00 price target on the stock. Stifel Nicolaus boosted their price target on shares of Stitch Fix from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, June 8th. Finally, Zacks Investment Research downgraded shares of Stitch Fix from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $28.60.

Stitch Fix Company 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.

Featured Article: Asset Allocation Models, Which is Right For You?

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

Receive News & Ratings for Stitch Fix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stitch Fix and related companies with MarketBeat.com's FREE daily email newsletter.