Virtu Financial LLC Takes Position in Stitch Fix, Inc. (NASDAQ:SFIX)

Virtu Financial LLC acquired a new position in Stitch Fix, Inc. (NASDAQ:SFIX) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 69,627 shares of the company’s stock, valued at approximately $196,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pallas Capital Advisors LLC bought a new position in shares of Stitch Fix in the 2nd quarter worth $48,000. Caprock Group LLC bought a new position in Stitch Fix in the third quarter valued at $33,000. CWM LLC increased its stake in Stitch Fix by 132.5% in the second quarter. CWM LLC now owns 11,867 shares of the company’s stock valued at $49,000 after acquiring an additional 6,762 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Stitch Fix during the third quarter worth about $36,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Stitch Fix in the 3rd quarter worth about $44,000. 71.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Katrina Lake sold 725,002 shares of Stitch Fix stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $5.78, for a total value of $4,190,511.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 16.95% of the company’s stock.

Stitch Fix Stock Down 9.2 %

NASDAQ:SFIX opened at $3.76 on Thursday. The firm has a market capitalization of $476.91 million, a P/E ratio of -4.53 and a beta of 1.99. Stitch Fix, Inc. has a 52 week low of $2.06 and a 52 week high of $6.99. The company has a fifty day moving average of $3.77 and a 200 day moving average of $3.77.

Stitch Fix (NASDAQ:SFIX) last posted its earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The company had revenue of $318.82 million during the quarter, compared to analyst estimates of $306.88 million. During the same period in the prior year, the business posted ($0.30) earnings per share. Stitch Fix’s revenue for the quarter was down 12.6% on a year-over-year basis. As a group, analysts anticipate that Stitch Fix, Inc. will post -0.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SFIX shares. UBS Group raised their price objective on Stitch Fix from $2.80 to $5.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Canaccord Genuity Group lifted their price target on shares of Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Finally, Telsey Advisory Group upped their price objective on shares of Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $3.96.

Stitch Fix Profile

Stitch Fix, Inc sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc.