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

Stitch Fix, Inc. (NASDAQ:SFIX - Get Free Report) major shareholder Working Capital Advisors (Uk) sold 1,370,931 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $4.68, for a total transaction of $6,415,957.08. Following the completion of the sale, the insider now owns 10,608,822 shares of the company's stock, valued at approximately $49,649,286.96. This trade represents a 11.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Stitch Fix Stock Performance

SFIX traded down $0.04 on Friday, hitting $4.06. 826,366 shares of the company were exchanged, compared to its average volume of 2,416,203. Stitch Fix, Inc. has a fifty-two week low of $2.21 and a fifty-two week high of $6.99. The firm has a market capitalization of $522.27 million, a P/E ratio of -4.89 and a beta of 2.00. The business's fifty day moving average is $3.76 and its 200 day moving average is $4.21.

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, 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%. The company's revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.18) EPS. Analysts forecast that Stitch Fix, Inc. will post -0.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reissued a "market perform" rating and set a $6.00 price target on shares of Stitch Fix in a report on Wednesday.

Institutional Trading of Stitch Fix

Several large investors have recently modified their holdings of SFIX. Vanguard Group Inc. lifted its stake in Stitch Fix by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 6,982,536 shares of the company's stock valued at $22,693,000 after buying an additional 513,422 shares in the last quarter. Cooper Creek Partners Management LLC raised its holdings in shares of Stitch Fix by 1,405.2% in the fourth quarter. Cooper Creek Partners Management LLC now owns 4,273,265 shares of the company's stock worth $18,418,000 after acquiring an additional 3,989,362 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Stitch Fix by 6.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,635,207 shares of the company's stock valued at $8,564,000 after acquiring an additional 170,344 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Stitch Fix by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 2,459,014 shares of the company's stock valued at $10,601,000 after acquiring an additional 164,089 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Stitch Fix by 14.8% during the fourth quarter. Nuveen Asset Management LLC now owns 1,985,413 shares of the company's stock valued at $8,557,000 after acquiring an additional 255,508 shares during the last quarter. 71.04% of the stock is currently owned by institutional investors and hedge funds.

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.