69,278 Shares in Stitch Fix, Inc. (NASDAQ:SFIX) Acquired by Ieq Capital LLC

Ieq Capital LLC acquired a new position in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 69,278 shares of the company's stock, valued at approximately $299,000. Ieq Capital LLC owned 0.05% of Stitch Fix at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Caprock Group LLC bought a new position in shares of Stitch Fix in the third quarter worth $33,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Stitch Fix during the third quarter worth about $36,000. Meeder Asset Management Inc. bought a new position in Stitch Fix in the 3rd quarter valued at about $44,000. Pallas Capital Advisors LLC acquired a new position in shares of Stitch Fix in the 4th quarter valued at approximately $46,000. Finally, Creative Planning lifted its holdings in shares of Stitch Fix by 32.1% during the 3rd quarter. Creative Planning now owns 25,477 shares of the company's stock worth $72,000 after acquiring an additional 6,194 shares during the period. 71.04% of the stock is currently owned by institutional investors.

Stitch Fix Price Performance

SFIX stock traded down $0.31 during midday trading on Monday, reaching $4.43. 1,260,362 shares of the stock were exchanged, compared to its average volume of 2,207,571. The stock has a market capitalization of $561.26 million, a PE ratio of -5.33 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. The company has a fifty day moving average price of $4.82 and a 200 day moving average price of $4.05.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating 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 firm posted ($0.30) earnings per share. The firm's revenue was down 12.6% compared to the same quarter last year. As a group, analysts anticipate that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Anthony Bacos sold 16,720 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now directly owns 913,962 shares of the company's stock, valued at $4,213,364.82. This trade represents a 1.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Katrina Lake sold 725,002 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $5.78, for a total value of $4,190,511.56. The disclosure for this sale can be found here. Insiders own 16.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group lifted 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 company a "market perform" rating in a research note on Wednesday, December 11th. Finally, UBS Group upped 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 research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $3.96.

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.