GSA Capital Partners LLP Sells 64,939 Shares of Stitch Fix, Inc. (NASDAQ:SFIX)

GSA Capital Partners LLP lowered its stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 39.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 99,377 shares of the company’s stock after selling 64,939 shares during the quarter. GSA Capital Partners LLP’s holdings in Stitch Fix were worth $280,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SFIX. Wealth Enhancement Advisory Services LLC acquired a new stake in Stitch Fix during the 3rd quarter worth about $36,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Stitch Fix during the 2nd quarter worth about $46,000. Pallas Capital Advisors LLC purchased a new stake in shares of Stitch Fix during the second quarter worth approximately $48,000. CWM LLC lifted its stake in shares of Stitch Fix by 132.5% in the second quarter. CWM LLC now owns 11,867 shares of the company’s stock worth $49,000 after buying an additional 6,762 shares in the last quarter. Finally, Creative Planning grew its position in shares of Stitch Fix by 32.1% in the third quarter. Creative Planning now owns 25,477 shares of the company’s stock valued at $72,000 after purchasing an additional 6,194 shares in the last quarter. 71.04% of the stock is owned by hedge funds and other institutional investors.

Stitch Fix Price Performance

SFIX opened at $4.33 on Friday. The business has a 50 day simple moving average of $3.28 and a 200-day simple moving average of $3.48. The stock has a market capitalization of $549.22 million, a P/E ratio of -4.01 and a beta of 1.87. Stitch Fix, Inc. has a 12 month low of $2.06 and a 12 month high of $5.05.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings data on Tuesday, September 24th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.07. The firm had revenue of $319.55 million during the quarter, compared to analysts’ expectations of $317.48 million. Stitch Fix had a negative return on equity of 40.62% and a negative net margin of 9.63%. Research analysts anticipate that Stitch Fix, Inc. will post -0.61 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Telsey Advisory Group restated a “market perform” rating and set a $4.00 price target on shares of Stitch Fix in a report on Wednesday, September 25th. UBS Group lowered their price objective on Stitch Fix from $3.80 to $2.80 and set a “neutral” rating for the company in a research report on Friday, October 11th. Finally, Canaccord Genuity Group decreased their target price on Stitch Fix from $4.50 to $3.50 and set a “hold” rating for the company in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $3.27.

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.