Archon Capital Management LLC Makes New Investment in Stitch Fix, Inc. (NASDAQ:SFIX)

Archon Capital Management LLC purchased a new stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 140,000 shares of the company's stock, valued at approximately $603,000. Archon Capital Management LLC owned approximately 0.11% of Stitch Fix as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

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

Stitch Fix Stock Up 1.5 %

Stitch Fix stock traded up $0.05 during mid-day trading on Thursday, reaching $3.03. 535,088 shares of the company's stock were exchanged, compared to its average volume of 2,400,447. The company has a fifty day moving average of $4.00 and a 200-day moving average of $4.02. The company has a market cap of $389.61 million, a P/E ratio of -3.64 and a beta of 2.03. Stitch Fix, Inc. has a twelve month low of $2.06 and a twelve month high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last issued its earnings results 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. The firm had revenue of $312.11 million for the quarter, compared to analysts' expectations of $298.04 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. The firm's revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.29) earnings per share. Equities research analysts expect that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Stitch Fix news, insider Casey O'connor sold 50,000 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $3.04, for a total value of $152,000.00. Following the completion of the transaction, the insider now owns 575,755 shares in the company, 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 legal filing with the SEC, which can be accessed through this link. 16.95% of the stock is currently owned by corporate insiders.

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.