SG Americas Securities LLC Has $127,000 Stock Holdings in Stitch Fix, Inc. (NASDAQ:SFIX)

SG Americas Securities LLC lifted its stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 32.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 35,548 shares of the company’s stock after buying an additional 8,711 shares during the quarter. SG Americas Securities LLC’s holdings in Stitch Fix were worth $127,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its stake in shares of Stitch Fix by 64.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,515 shares of the company’s stock worth $26,000 after buying an additional 2,543 shares during the last quarter. Creative Planning acquired a new stake in shares of Stitch Fix during the 4th quarter worth about $32,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Stitch Fix during the 4th quarter worth about $32,000. Principal Financial Group Inc. acquired a new stake in shares of Stitch Fix during the 3rd quarter worth about $38,000. Finally, 1900 Wealth Management LLC acquired a new stake in Stitch Fix in the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 71.04% of the company’s stock.

Insider Activity at Stitch Fix

In related news, CAO Sarah Barkema sold 16,311 shares of Stitch Fix stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $2.24, for a total transaction of $36,536.64. Following the sale, the chief accounting officer now directly owns 138,535 shares of the company’s stock, valued at approximately $310,318.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 25.90% of the stock is currently owned by insiders.

Stitch Fix Trading Down 0.4 %

Shares of NASDAQ:SFIX opened at $2.23 on Thursday. The stock has a market capitalization of $267.98 million, a PE ratio of -2.17 and a beta of 1.90. The firm has a 50 day moving average of $2.78 and a 200-day moving average of $3.23. Stitch Fix, Inc. has a 12 month low of $2.15 and a 12 month high of $5.20.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings results on Monday, March 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.21). The company had revenue of $330.40 million for the quarter, compared to analyst estimates of $331.73 million. Stitch Fix had a negative net margin of 8.29% and a negative return on equity of 39.98%. On average, research analysts predict that Stitch Fix, Inc. will post -0.81 EPS for the current fiscal year.

Analyst Ratings Changes

SFIX has been the subject of several analyst reports. Wells Fargo & Company dropped their price objective on shares of Stitch Fix from $3.50 to $3.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 5th. Sanford C. Bernstein dropped their price objective on shares of Stitch Fix from $4.00 to $3.40 and set a “market perform” rating for the company in a research note on Tuesday, March 5th. Mizuho initiated coverage on shares of Stitch Fix in a research note on Tuesday, March 19th. They issued an “underperform” rating and a $2.00 price objective for the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 price objective on shares of Stitch Fix in a research note on Tuesday, March 5th. Finally, Wedbush dropped their price objective on shares of Stitch Fix from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat, Stitch Fix currently has a consensus rating of “Hold” and an average price target of $3.16.

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.