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

GSA Capital Partners LLP decreased its position in Stitch Fix, Inc. (NASDAQ:SFIX) by 39.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,377 shares of the company’s stock after selling 64,939 shares during the period. GSA Capital Partners LLP owned approximately 0.08% of Stitch Fix worth $280,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Stitch Fix during the 3rd quarter valued at $36,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of Stitch Fix during the second quarter valued at $46,000. Pallas Capital Advisors LLC bought a new stake in Stitch Fix in the 2nd quarter worth about $48,000. CWM LLC raised its position in Stitch Fix by 132.5% in the 2nd quarter. CWM LLC now owns 11,867 shares of the company’s stock worth $49,000 after buying an additional 6,762 shares during the last quarter. Finally, Creative Planning lifted its stake in Stitch Fix by 32.1% during 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. 71.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on SFIX. Canaccord Genuity Group reduced their price target 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. UBS Group cut their target price on shares of 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, Telsey Advisory Group reissued a “market perform” rating and set a $4.00 price target on shares of Stitch Fix in a report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat, Stitch Fix has an average rating of “Hold” and an average price target of $3.27.

Stitch Fix Stock Performance

Shares of Stitch Fix stock opened at $4.33 on Friday. The stock has a market cap of $549.22 million, a P/E ratio of -4.01 and a beta of 1.87. The stock’s fifty day moving average is $3.28 and its 200 day moving average is $3.48. Stitch Fix, Inc. has a one year low of $2.06 and a one year high of $5.05.

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

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.