Susquehanna Fundamental Investments LLC Makes New Investment in Stitch Fix, Inc. (NASDAQ:SFIX)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 153,355 shares of the company's stock, valued at approximately $661,000. Susquehanna Fundamental Investments LLC owned about 0.12% of Stitch Fix as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ieq Capital LLC bought a new position in Stitch Fix in the fourth quarter worth $299,000. Geode Capital Management LLC lifted its holdings in shares of Stitch Fix by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 2,459,014 shares of the company's stock worth $10,601,000 after acquiring an additional 164,089 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Stitch Fix by 72.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company's stock valued at $455,000 after acquiring an additional 67,892 shares in the last quarter. Vanguard Group Inc. raised its position in Stitch Fix by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company's stock worth $27,882,000 after purchasing an additional 457,568 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in Stitch Fix in the fourth quarter worth about $354,000. 71.04% of the stock is currently owned by institutional investors.

Stitch Fix Price Performance

Shares of SFIX stock traded up $0.15 during trading hours on Thursday, hitting $3.47. 569,852 shares of the company's stock were exchanged, compared to its average volume of 2,450,297. Stitch Fix, Inc. has a 52 week low of $2.10 and a 52 week high of $6.99. The stock has a market cap of $446.93 million, a price-to-earnings ratio of -4.18 and a beta of 2.00. The stock's 50-day moving average is $3.42 and its 200-day moving average is $4.06.

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

Insider Activity at Stitch Fix

In other news, insider Casey O'connor sold 50,000 shares of Stitch Fix stock in a transaction that occurred on Monday, April 14th. The shares were 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 $1,750,295.20. The trade was a 7.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 16.95% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Stitch Fix Company 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.