66,461 Shares in Stitch Fix, Inc. $SFIX Bought by Caption Management LLC

Key Points

• Caption Management LLC acquired 66,461 shares of Stitch Fix, Inc. valued at approximately $216,000, representing a 0.05% ownership in the company.
• Stitch Fix reported a quarterly earnings per share (EPS) of ($0.06), exceeding analysts' expectations of ($0.11) by $0.05, while its quarterly revenue increased by 0.7% compared to the previous year.
• Several institutional investors, including Jacobs Levy Equity Management and Vanguard Group, have significantly increased their stakes in Stitch Fix during the last two quarters.

Caption Management LLC purchased a new position in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 66,461 shares of the company's stock, valued at approximately $216,000. Caption Management LLC owned about 0.05% of Stitch Fix as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SFIX. Wescott Financial Advisory Group LLC acquired a new stake in Stitch Fix during the first quarter worth approximately $32,000. Wealth Enhancement Advisory Services LLC lifted its stake in Stitch Fix by 96.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,786 shares of the company's stock valued at $107,000 after buying an additional 12,177 shares during the period. Martingale Asset Management L P bought a new position in shares of Stitch Fix during the 1st quarter worth approximately $85,000. ProShare Advisors LLC boosted its holdings in shares of Stitch Fix by 68.0% during the 4th quarter. ProShare Advisors LLC now owns 28,525 shares of the company's stock worth $123,000 after buying an additional 11,542 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of Stitch Fix during the 1st quarter worth approximately $99,000. 71.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Working Capital Advisors (Uk) sold 1,370,931 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $4.68, for a total value of $6,415,957.08. Following the sale, the insider directly owned 10,608,822 shares in the company, valued at approximately $49,649,286.96. The trade was a 11.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Casey O'connor sold 31,248 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $5.34, for a total transaction of $166,864.32. Following the sale, the insider directly owned 498,621 shares in the company, valued at $2,662,636.14. The trade was a 5.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,328,467 shares of company stock worth $11,261,260 in the last three months. Insiders own 16.95% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Stitch Fix from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Zacks Research upgraded shares of Stitch Fix to a "hold" rating in a report on Monday, August 11th. William Blair upgraded Stitch Fix from a "market perform" rating to an "outperform" rating in a research note on Monday, July 14th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $6.00 target price on shares of Stitch Fix in a research report on Wednesday, June 11th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $5.67.

Stitch Fix Stock Performance

Shares of Stitch Fix stock traded up $0.04 on Friday, hitting $5.65. The company had a trading volume of 1,709,137 shares, compared to its average volume of 2,198,688. Stitch Fix, Inc. has a 1 year low of $2.21 and a 1 year high of $6.99. The stock has a 50 day moving average of $4.71 and a 200-day moving average of $4.16. The stock has a market capitalization of $737.27 million, a price-to-earnings ratio of -12.28 and a beta of 2.03.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last announced its earnings results on Wednesday, June 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.05. Stitch Fix had a negative return on equity of 18.15% and a negative net margin of 4.44%.During the same quarter in the previous year, the business earned ($0.18) EPS. The business's revenue was up .7% compared to the same quarter last year. Equities analysts anticipate that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

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.