Stitch Fix, Inc. (NASDAQ:SFIX) Shares Sold by GSA Capital Partners LLP

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

A number of other hedge funds and other institutional investors have also bought and sold shares of SFIX. Focus Partners Wealth bought a new position in Stitch Fix during the fourth quarter valued at approximately $1,183,000. Geode Capital Management LLC lifted its stake in shares of Stitch Fix by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 2,459,014 shares of the company's stock valued at $10,601,000 after purchasing an additional 164,089 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Stitch Fix in the fourth quarter worth approximately $661,000. Point72 Asset Management L.P. purchased a new position in Stitch Fix during the 4th quarter worth $353,000. Finally, Nuveen Asset Management LLC increased its holdings in Stitch Fix by 14.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,985,413 shares of the company's stock worth $8,557,000 after purchasing an additional 255,508 shares during the period. Hedge funds and other institutional investors own 71.04% of the company's stock.

Insider Buying and Selling

In other news, Director Katrina Lake sold 453,485 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $5.06, for a total value of $2,294,634.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Working Capital Advisors (Uk) sold 1,370,931 shares of the stock in a transaction on 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 owned 10,608,822 shares in the company, valued at approximately $49,649,286.96. The trade was 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 valued at $10,500,975 in the last ninety days. Company insiders own 16.95% of the company's stock.

Stitch Fix Price Performance

NASDAQ:SFIX traded up $0.18 during trading hours on Monday, hitting $4.67. 1,410,965 shares of the stock were exchanged, compared to its average volume of 2,265,308. The firm's fifty day moving average price is $4.33 and its 200 day moving average price is $4.14. Stitch Fix, Inc. has a 52-week low of $2.21 and a 52-week high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. The firm's revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the firm earned ($0.18) earnings per share. On average, analysts expect that Stitch Fix, Inc. will post -0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SFIX. William Blair upgraded Stitch Fix from a "market perform" rating to an "outperform" rating in a report on Monday, July 14th. Telsey Advisory Group reiterated a "market perform" rating and set a $6.00 price objective on shares of Stitch Fix in a research note on Wednesday, June 11th. Finally, Wall Street Zen cut Stitch Fix from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $5.67.

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.