Susquehanna Fundamental Investments LLC Takes $661,000 Position in Stitch Fix, Inc. (NASDAQ:SFIX)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Stitch Fix during the fourth quarter valued at approximately $29,000. Pallas Capital Advisors LLC bought a new stake in Stitch Fix during the 4th quarter valued at $46,000. Bellecapital International Ltd. acquired a new position in Stitch Fix during the 4th quarter worth $55,000. Savant Capital LLC bought a new position in shares of Stitch Fix in the fourth quarter worth $79,000. Finally, Polymer Capital Management US LLC acquired a new position in shares of Stitch Fix during the fourth quarter valued at $82,000. 71.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Stitch Fix

In other Stitch Fix news, insider Casey O'connor sold 50,000 shares of the company's stock in a transaction dated 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 directly owns 575,755 shares of the company's stock, valued at approximately $1,750,295.20. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.95% of the stock is currently owned by corporate insiders.

Stitch Fix Stock Performance

NASDAQ SFIX traded down $0.07 on Tuesday, reaching $3.28. The company's stock had a trading volume of 804,161 shares, compared to its average volume of 2,450,197. The firm's 50 day moving average is $3.48 and its two-hundred day moving average is $4.08. The stock has a market cap of $422.45 million, a PE ratio of -3.95 and a beta of 2.00. Stitch Fix, Inc. has a twelve month low of $2.10 and a twelve month high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.06. The company 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.29) EPS. Equities research analysts anticipate that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $6.00 price objective 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 given a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $4.50.

About Stitch Fix

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.