Pallas Capital Advisors LLC Takes $46,000 Position in Stitch Fix, Inc. (NASDAQ:SFIX)

Pallas Capital Advisors LLC bought a new position in shares of Stitch Fix, Inc. (NASDAQ:SFIX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,773 shares of the company’s stock, valued at approximately $46,000.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Stitch Fix by 72.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 161,225 shares of the company’s stock worth $455,000 after purchasing an additional 67,892 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Stitch Fix by 68.0% in the 3rd quarter. Franklin Resources Inc. now owns 144,261 shares of the company’s stock valued at $391,000 after purchasing an additional 58,412 shares during the period. Virtu Financial LLC purchased a new stake in Stitch Fix during the third quarter worth $196,000. Barclays PLC grew its position in Stitch Fix by 30.7% during the third quarter. Barclays PLC now owns 168,953 shares of the company’s stock valued at $475,000 after buying an additional 39,713 shares during the period. Finally, Geode Capital Management LLC grew its position in Stitch Fix by 3.8% during the third quarter. Geode Capital Management LLC now owns 2,294,925 shares of the company’s stock valued at $6,473,000 after buying an additional 83,220 shares during the period. 71.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Stitch Fix news, insider Anthony Bacos sold 16,720 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $4.61, for a total value of $77,079.20. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Katrina Lake sold 725,002 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was 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. 16.95% of the stock is currently owned by company insiders.

Stitch Fix Price Performance

Shares of Stitch Fix stock opened at $5.27 on Thursday. The business has a 50 day simple moving average of $4.34 and a two-hundred day simple moving average of $3.87. The stock has a market capitalization of $668.44 million, a P/E ratio of -6.35 and a beta of 1.99. Stitch Fix, Inc. has a 12 month low of $2.06 and a 12 month high of $6.99.

Stitch Fix (NASDAQ:SFIX) last announced its quarterly earnings data on Tuesday, December 10th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $306.88 million. During the same quarter last year, the firm posted ($0.30) EPS. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. As a group, research analysts anticipate that Stitch Fix, Inc. will post -0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SFIX. UBS Group increased their target price on shares of Stitch Fix from $2.80 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Canaccord Genuity Group increased their price target on Stitch Fix from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, Telsey Advisory Group boosted their price objective on Stitch Fix from $4.00 to $6.00 and gave the company a “market perform” rating in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Stitch Fix presently has a consensus rating of “Hold” and a consensus price target 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.