Caprock Group LLC Takes Position in Stitch Fix, Inc. (NASDAQ:SFIX)

Caprock Group LLC purchased a new position in Stitch Fix, Inc. (NASDAQ:SFIX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,751 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors also recently bought and sold shares of the company. Versor Investments LP acquired a new position in shares of Stitch Fix during the third quarter valued at about $96,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Stitch Fix during the third quarter valued at $36,000. Creative Planning increased its position in shares of Stitch Fix by 32.1% in the 3rd quarter. Creative Planning now owns 25,477 shares of the company’s stock valued at $72,000 after acquiring an additional 6,194 shares during the period. CWM LLC increased its position in shares of Stitch Fix by 112.1% in the 3rd quarter. CWM LLC now owns 25,175 shares of the company’s stock valued at $71,000 after acquiring an additional 13,308 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Stitch Fix in the 2nd quarter worth $99,000. 71.04% of the stock is owned by hedge funds and other institutional investors.

Stitch Fix Stock Performance

SFIX stock opened at $4.53 on Tuesday. Stitch Fix, Inc. has a one year low of $2.06 and a one year high of $5.05. The firm’s fifty day moving average is $3.28 and its 200 day moving average is $3.49. The firm has a market cap of $574.59 million, a PE ratio of -4.19 and a beta of 1.87.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SFIX shares. UBS Group cut their price objective on Stitch Fix from $3.80 to $2.80 and set a “neutral” rating on the stock in a report on Friday, October 11th. Canaccord Genuity Group decreased their price objective on shares of Stitch Fix from $4.50 to $3.50 and set a “hold” rating for the company in a research note on Wednesday, September 25th. Finally, 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 Wednesday, September 25th. Two equities 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 company currently has an average rating of “Hold” and a consensus target price of $3.27.

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.