GSA Capital Partners LLP Sells 150,525 Shares of Stitch Fix, Inc. (NASDAQ:SFIX)

Key Points

• GSA Capital Partners LLP reduced its holdings in Stitch Fix by 36.8%, selling 150,525 shares and now owns approximately 0.20% of the company, valued at $841,000.
• Stitch Fix shares have seen recent trading down by 5.1%, with the stock currently priced at $4.49 and a 1-year trading range between $2.21 and $6.99.
• In its latest earnings report, Stitch Fix beat analyst expectations with an EPS of ($0.06), surpassing the consensus estimate of ($0.11), despite a negative net margin and return on equity.

GSA Capital Partners LLP lessened its stake in shares of Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 36.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 258,820 shares of the company's stock after selling 150,525 shares during the period. GSA Capital Partners LLP owned 0.20% of Stitch Fix worth $841,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cooper Creek Partners Management LLC lifted its holdings in shares of Stitch Fix by 1,405.2% during the fourth quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company's stock valued at $18,418,000 after acquiring an additional 3,989,362 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Stitch Fix by 142.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,464,863 shares of the company's stock worth $10,624,000 after purchasing an additional 1,449,941 shares during the last quarter. Norges Bank acquired a new position in shares of Stitch Fix during the 4th quarter worth about $3,183,000. Two Sigma Investments LP grew its position in shares of Stitch Fix by 300.4% during the 4th quarter. Two Sigma Investments LP now owns 911,349 shares of the company's stock worth $3,928,000 after buying an additional 683,751 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Stitch Fix by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 6,469,114 shares of the company's stock worth $27,882,000 after buying an additional 457,568 shares during the period. Institutional investors and hedge funds own 71.04% of the company's stock.

Insider Activity at Stitch Fix

In related news, insider Casey O'connor sold 31,248 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $5.34, for a total value of $166,864.32. Following the sale, the insider directly owned 498,621 shares of the company's stock, valued at $2,662,636.14. This trade represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Working Capital Advisors (Uk) sold 1,370,931 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $4.68, for a total value of $6,415,957.08. Following the completion of the sale, the insider directly owned 10,608,822 shares in the company, valued at $49,649,286.96. This trade represents a 11.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,177,317 shares of company stock worth $10,500,975 in the last quarter. 16.95% of the stock is currently owned by corporate insiders.

Stitch Fix Price Performance

SFIX stock traded up $0.16 during midday trading on Wednesday, reaching $4.78. 613,616 shares of the company were exchanged, compared to its average volume of 2,214,824. The firm has a market capitalization of $623.09 million, a price-to-earnings ratio of -10.38 and a beta of 2.01. The business has a 50-day moving average price of $4.34 and a two-hundred day moving average price of $4.14. Stitch Fix, Inc. has a one year low of $2.21 and a one year high of $6.99.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SFIX shares. Wall Street Zen lowered Stitch Fix from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. William Blair upgraded Stitch Fix from a "market perform" rating to an "outperform" rating in a research report on Monday, July 14th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $6.00 target price on shares of Stitch Fix in a research note on Wednesday, June 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $5.67.

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.