10,773 Shares in Stitch Fix, Inc. (NASDAQ:SFIX) Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,773 shares of the company’s stock, valued at approximately $46,000.

A number of other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in shares of Stitch Fix by 72.7% during the third quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company’s stock valued at $455,000 after purchasing an additional 67,892 shares in the last quarter. Franklin Resources Inc. boosted its position in Stitch Fix by 68.0% during the 3rd quarter. Franklin Resources Inc. now owns 144,261 shares of the company’s stock valued at $391,000 after acquiring an additional 58,412 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Stitch Fix in the 3rd quarter valued at $196,000. Barclays PLC raised its position in shares of Stitch Fix by 30.7% in the 3rd quarter. Barclays PLC now owns 168,953 shares of the company’s stock worth $475,000 after acquiring an additional 39,713 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Stitch Fix by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,294,925 shares of the company’s stock worth $6,473,000 after acquiring an additional 83,220 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

Stitch Fix Stock Up 9.3 %

Shares of Stitch Fix stock opened at $5.27 on Thursday. The company has a 50 day moving average price of $4.34 and a 200 day moving average price of $3.87. The firm has a market capitalization of $668.44 million, a P/E ratio of -6.35 and a beta of 1.99. Stitch Fix, Inc. has a 52 week low of $2.06 and a 52 week high of $6.99.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Tuesday, December 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The business had revenue of $318.82 million for the quarter, compared to analyst estimates of $306.88 million. During the same quarter in the prior year, the business posted ($0.30) EPS. Stitch Fix’s revenue for the quarter was down 12.6% compared to the same quarter last year. As a group, research analysts anticipate that Stitch Fix, Inc. will post -0.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Katrina Lake sold 725,002 shares of the company’s stock in a transaction that occurred 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 document filed with the SEC, which is available at this link. Also, insider Anthony Bacos sold 16,720 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $4.61, for a total transaction of $77,079.20. Following the transaction, the insider now directly owns 913,962 shares of the company’s stock, valued at $4,213,364.82. This represents a 1.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on SFIX. Telsey Advisory Group lifted their target price on Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. Canaccord Genuity Group lifted their price objective on shares of Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, UBS Group increased their target price on shares of Stitch Fix from $2.80 to $5.00 and gave the company 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 issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $3.96.

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.