Virtu Financial LLC Makes New $196,000 Investment in Stitch Fix, Inc. (NASDAQ:SFIX)

Virtu Financial LLC bought a new stake in Stitch Fix, Inc. (NASDAQ:SFIX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 69,627 shares of the company’s stock, valued at approximately $196,000. Virtu Financial LLC owned approximately 0.05% of Stitch Fix as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Barclays PLC lifted its stake in Stitch Fix by 30.7% during the 3rd quarter. Barclays PLC now owns 168,953 shares of the company’s stock valued at $475,000 after acquiring an additional 39,713 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Stitch Fix by 3.8% in the third quarter. Geode Capital Management LLC now owns 2,294,925 shares of the company’s stock valued at $6,473,000 after purchasing an additional 83,220 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in shares of Stitch Fix by 48.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 13,734,485 shares of the company’s stock valued at $38,731,000 after purchasing an additional 4,460,668 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Stitch Fix by 2,253.6% during the third quarter. Public Employees Retirement System of Ohio now owns 146,750 shares of the company’s stock worth $414,000 after purchasing an additional 140,515 shares during the last quarter. Finally, Hodges Capital Management Inc. grew its position in Stitch Fix by 34.4% in the 3rd quarter. Hodges Capital Management Inc. now owns 3,375,200 shares of the company’s stock worth $9,518,000 after purchasing an additional 864,100 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Stitch Fix Trading Down 9.2 %

Shares of NASDAQ SFIX opened at $3.76 on Thursday. The stock has a fifty day simple moving average of $3.77 and a two-hundred day simple moving average of $3.77. Stitch Fix, Inc. has a 1-year low of $2.06 and a 1-year high of $6.99. The firm has a market cap of $476.91 million, a price-to-earnings ratio of -4.53 and a beta of 1.99.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Canaccord Genuity Group increased their price objective on shares of Stitch Fix from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Telsey Advisory Group lifted their price target on Stitch Fix from $4.00 to $6.00 and gave the stock a “market perform” rating in a report on Wednesday, December 11th. Finally, UBS Group boosted their price objective on Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $3.96.

Insider Activity

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

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.