Algert Global LLC Purchases Shares of 107,650 Stitch Fix, Inc. (NASDAQ:SFIX)

Algert Global LLC purchased a new stake in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 107,650 shares of the company's stock, valued at approximately $464,000. Algert Global LLC owned 0.08% of Stitch Fix as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SFIX. SBI Securities Co. Ltd. acquired a new position in Stitch Fix in the fourth quarter valued at approximately $29,000. Pallas Capital Advisors LLC acquired a new position in Stitch Fix in the fourth quarter valued at approximately $46,000. Bellecapital International Ltd. acquired a new position in Stitch Fix in the fourth quarter valued at approximately $55,000. Savant Capital LLC acquired a new position in Stitch Fix in the fourth quarter valued at approximately $79,000. Finally, Polymer Capital Management US LLC acquired a new position in Stitch Fix in the fourth quarter valued at approximately $82,000. 71.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Casey O'connor sold 50,000 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $3.04, for a total transaction of $152,000.00. Following the completion of the sale, the insider now owns 575,755 shares in the company, valued at approximately $1,750,295.20. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 16.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $6.00 price target on shares of Stitch Fix in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $4.50.

Stitch Fix Stock Down 3.3%

NASDAQ SFIX opened at $3.48 on Monday. The company has a market cap of $448.21 million, a price-to-earnings ratio of -4.19 and a beta of 2.00. Stitch Fix, Inc. has a 52 week low of $2.11 and a 52 week high of $6.99. The business has a 50 day moving average price of $3.39 and a 200-day moving average price of $4.09.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.06. The firm had revenue of $312.11 million during the quarter, compared to the consensus estimate of $298.04 million. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. The company's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.29) earnings per share. On average, equities research analysts anticipate that Stitch Fix, Inc. will post -0.44 earnings per share 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.

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