1,376,465 Stitch Fix, Inc. $SFIX Shares Sold by Working Capital Advisors UK Ltd.

Key Points

• Working Capital Advisors UK cut its Stitch Fix stake by 16.9%, selling 1,376,465 shares, but still holds 6.78 million shares—about 5.07% of the company and 44.1% of its portfolio.
• Stitch Fix reported quarterly EPS of a loss of $0.02, beating estimates for a $0.06 loss, while revenue of $324.42 million slightly missed expectations; revenue rose 4.2% year over year.
• Analyst sentiment is mostly cautious: the stock carries a consensus Hold rating and an average price target of $3.40. Shares opened at $2.74, below their 200-day moving average of $3.48.

Working Capital Advisors UK Ltd. cut its holdings in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 16.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,779,324 shares of the company's stock after selling 1,376,465 shares during the period. Stitch Fix makes up about 44.1% of Working Capital Advisors UK Ltd.'s portfolio, making the stock its 2nd largest holding. Working Capital Advisors UK Ltd. owned 5.07% of Stitch Fix worth $17,355,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Simplicity Wealth LLC raised its position in shares of Stitch Fix by 37.7% during the 3rd quarter. Simplicity Wealth LLC now owns 65,635 shares of the company's stock valued at $168,000 after buying an additional 17,972 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of Stitch Fix in the 3rd quarter valued at $202,000. State of Alaska Department of Revenue boosted its stake in Stitch Fix by 679.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 57,357 shares of the company's stock worth $146,000 after purchasing an additional 50,000 shares during the period. State Street Corp raised its stake in shares of Stitch Fix by 10.1% during the second quarter. State Street Corp now owns 3,503,504 shares of the company's stock worth $14,399,000 after purchasing an additional 322,030 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Stitch Fix during the second quarter worth about $263,000. Institutional investors and hedge funds own 71.04% of the company's stock.

Stitch Fix Stock Performance

SFIX opened at $2.74 on Monday. Stitch Fix, Inc. has a one year low of $2.10 and a one year high of $5.74. The stock's fifty day moving average is $2.75 and its 200-day moving average is $3.48. The company has a market capitalization of $366.06 million, a PE ratio of -27.40 and a beta of 2.45.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.04. The business had revenue of $324.42 million during the quarter, compared to analyst estimates of $325.50 million. Stitch Fix had a negative return on equity of 5.75% and a negative net margin of 0.94%. The company's revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. On average, equities research analysts forecast that Stitch Fix, Inc. will post -0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SFIX. William Blair downgraded shares of Stitch Fix from an "outperform" rating to a "market perform" rating in a research report on Thursday, September 24th. Mizuho raised Stitch Fix from an "underperform" rating to a "neutral" rating and reduced their price objective for the company from $3.00 to $2.50 in a research note on Tuesday, September 29th. UBS Group lowered their price objective on shares of Stitch Fix from $4.00 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, September 24th. Sanford C. Bernstein restated a "market perform" rating and set a $4.00 price objective on shares of Stitch Fix in a research note on Thursday, September 24th. Finally, Telsey Advisory Group lowered their target price on Stitch Fix from $5.00 to $3.00 and set a "market perform" rating for the company in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $3.40.

Stitch Fix Profile

Stitch Fix, Inc is an online personal styling company that uses data science, technology and human stylists to recommend apparel and accessories tailored to individual customers. Its service is designed to help consumers discover clothing through personalized selections based on their stated preferences, fit information, lifestyle and purchase history.

The company's primary offering is its “Fix” experience, in which customers receive a curated shipment of merchandise selected by Stitch Fix and can keep the items they want while returning the rest.

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