Working Capital Advisors (Uk) Sells 1,370,931 Shares of Stitch Fix, Inc. (NASDAQ:SFIX) Stock

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) major shareholder Working Capital Advisors (Uk) sold 1,370,931 shares of the business's stock in a transaction that occurred 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 now directly owns 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Stitch Fix Stock Performance

Shares of Stitch Fix stock traded down $0.13 during trading hours on Friday, reaching $3.96. 2,724,730 shares of the company were exchanged, compared to its average volume of 2,429,129. Stitch Fix, Inc. has a 1 year low of $2.21 and a 1 year high of $6.99. The stock's fifty day moving average is $3.79 and its 200 day moving average is $4.20. The firm has a market cap of $510.04 million, a PE ratio of -4.77 and a beta of 2.00.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.05. Stitch Fix had a negative return on equity of 32.71% and a negative net margin of 7.71%. During the same quarter last year, the company earned ($0.18) EPS. The firm's quarterly revenue was up .7% compared to the same quarter last year. Research analysts expect that Stitch Fix, Inc. will post -0.44 earnings per share for the current year.

Hedge Funds Weigh In On Stitch Fix

A number of institutional investors and hedge funds have recently modified their holdings of SFIX. Savant Capital LLC acquired a new position in shares of Stitch Fix during the fourth quarter worth $79,000. Rhumbline Advisers grew its stake in shares of Stitch Fix by 1.5% during the fourth quarter. Rhumbline Advisers now owns 149,625 shares of the company's stock worth $645,000 after purchasing an additional 2,255 shares in the last quarter. Ieq Capital LLC acquired a new position in shares of Stitch Fix during the fourth quarter worth $299,000. Bank of New York Mellon Corp grew its stake in shares of Stitch Fix by 7.5% during the fourth quarter. Bank of New York Mellon Corp now owns 258,299 shares of the company's stock worth $1,113,000 after purchasing an additional 17,943 shares in the last quarter. Finally, US Bancorp DE acquired a new position in shares of Stitch Fix during the fourth quarter worth $220,000. Institutional investors and hedge funds own 71.04% of the company's stock.

Wall Street Analysts Forecast Growth

SFIX has been the topic of a number of research analyst reports. Wall Street Zen raised Stitch Fix from a "hold" rating to a "buy" rating in a research report on Saturday. Telsey Advisory Group reaffirmed a "market perform" rating and set a $6.00 price objective on shares of Stitch Fix in a research report on Wednesday.

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.