SG Americas Securities LLC Increases Stock Position in Stitch Fix, Inc. (NASDAQ:SFIX)

SG Americas Securities LLC increased its stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 32.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 35,548 shares of the company’s stock after buying an additional 8,711 shares during the quarter. SG Americas Securities LLC’s holdings in Stitch Fix were worth $127,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Stitch Fix by 4.1% during the third quarter. Vanguard Group Inc. now owns 5,856,137 shares of the company’s stock worth $20,204,000 after buying an additional 231,975 shares during the last quarter. American Century Companies Inc. increased its holdings in Stitch Fix by 36.0% during the third quarter. American Century Companies Inc. now owns 46,929 shares of the company’s stock worth $162,000 after buying an additional 12,417 shares during the last quarter. Deutsche Bank AG increased its holdings in Stitch Fix by 22.6% during the third quarter. Deutsche Bank AG now owns 36,071 shares of the company’s stock worth $124,000 after buying an additional 6,640 shares during the last quarter. Creative Planning purchased a new stake in Stitch Fix during the third quarter worth about $37,000. Finally, Financial Gravity Asset Management Inc. increased its holdings in Stitch Fix by 1,800.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 35,150 shares of the company’s stock worth $121,000 after buying an additional 33,300 shares during the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Insider Buying and Selling at Stitch Fix

In other Stitch Fix news, CAO Sarah Barkema sold 16,311 shares of Stitch Fix stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $2.24, for a total transaction of $36,536.64. Following the completion of the sale, the chief accounting officer now directly owns 138,535 shares in the company, valued at $310,318.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 25.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Piper Sandler decreased their price objective on shares of Stitch Fix from $3.00 to $2.25 and set an “underweight” rating for the company in a report on Tuesday, March 5th. UBS Group started coverage on shares of Stitch Fix in a research note on Monday, April 8th. They issued a “neutral” rating and a $2.80 target price for the company. Mizuho started coverage on shares of Stitch Fix in a research note on Tuesday, March 19th. They issued an “underperform” rating and a $2.00 target price for the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 target price on shares of Stitch Fix in a research note on Tuesday, March 5th. Finally, Truist Financial reduced their target price on shares of Stitch Fix from $4.00 to $3.50 and set a “hold” rating for the company in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat, Stitch Fix currently has a consensus rating of “Hold” and an average price target of $3.16.

Stitch Fix Trading Down 0.4 %

SFIX stock opened at $2.23 on Thursday. The firm has a 50 day moving average of $2.78 and a 200-day moving average of $3.23. Stitch Fix, Inc. has a 12 month low of $2.15 and a 12 month high of $5.20. The firm has a market capitalization of $267.98 million, a P/E ratio of -2.17 and a beta of 1.90.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings data on Monday, March 4th. The company reported ($0.21) EPS for the quarter, meeting analysts’ consensus estimates of ($0.21). Stitch Fix had a negative net margin of 8.29% and a negative return on equity of 39.98%. The company had revenue of $330.40 million during the quarter, compared to analyst estimates of $331.73 million. Sell-side analysts predict that Stitch Fix, Inc. will post -0.81 EPS for the current year.

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.