Stitch Fix, Inc. (NASDAQ:SFIX) Shares Sold by Tectonic Advisors LLC

Tectonic Advisors LLC cut its holdings in shares of Stitch Fix, Inc. (NASDAQ:SFIX) by 6.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 191,102 shares of the company’s stock after selling 12,660 shares during the quarter. Tectonic Advisors LLC’s holdings in Stitch Fix were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Creative Planning increased its stake in shares of Stitch Fix by 32.1% in the third quarter. Creative Planning now owns 25,477 shares of the company’s stock worth $72,000 after acquiring an additional 6,194 shares during the period. CWM LLC grew its position in Stitch Fix by 112.1% during the 3rd quarter. CWM LLC now owns 25,175 shares of the company’s stock worth $71,000 after purchasing an additional 13,308 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Stitch Fix during the 2nd quarter valued at about $99,000. Disciplined Growth Investors Inc. MN raised its stake in shares of Stitch Fix by 34.9% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 9,273,817 shares of the company’s stock valued at $38,486,000 after buying an additional 2,396,920 shares during the last quarter. Finally, Algert Global LLC acquired a new position in shares of Stitch Fix in the 2nd quarter valued at about $290,000. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Stitch Fix Stock Performance

Shares of NASDAQ SFIX opened at $2.83 on Friday. The firm has a fifty day moving average of $3.29 and a 200 day moving average of $3.28. The firm has a market cap of $346.23 million, a PE ratio of -2.77 and a beta of 1.90. 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.07. The business had revenue of $319.55 million during the quarter, compared to analysts’ expectations of $317.48 million. Stitch Fix had a negative net margin of 9.63% and a negative return on equity of 40.62%. On average, equities analysts predict that Stitch Fix, Inc. will post -0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SFIX has been the subject of several recent research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 price target on shares of Stitch Fix in a research report on Wednesday, September 25th. Canaccord Genuity Group cut their target price on shares of Stitch Fix from $4.50 to $3.50 and set a “hold” rating for the company in a report on Wednesday, September 25th. Finally, UBS Group lowered their price target on shares of Stitch Fix from $3.80 to $2.80 and set a “neutral” rating on the stock in a report on Friday, October 11th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $3.27.

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.