Stitch Fix, Inc. (NASDAQ:SFIX) Shares Sold by Potrero Capital Research LLC

Potrero Capital Research LLC trimmed its holdings in Stitch Fix, Inc. (NASDAQ:SFIX - Free Report) by 71.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 928,235 shares of the company's stock after selling 2,280,698 shares during the quarter. Stitch Fix accounts for approximately 1.3% of Potrero Capital Research LLC's investment portfolio, making the stock its 17th biggest holding. Potrero Capital Research LLC owned 0.73% of Stitch Fix worth $4,001,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Stitch Fix during the 4th quarter worth about $29,000. Pallas Capital Advisors LLC acquired a new position in Stitch Fix in the 4th quarter worth about $46,000. Bellecapital International Ltd. purchased a new position in Stitch Fix during the fourth quarter worth approximately $55,000. Savant Capital LLC acquired a new stake in Stitch Fix in the fourth quarter valued at approximately $79,000. Finally, Polymer Capital Management US LLC purchased a new stake in shares of Stitch Fix in the fourth quarter valued at approximately $82,000. 71.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $6.00 price target on shares of Stitch Fix in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $4.50.

Insider Activity at Stitch Fix

In other Stitch Fix news, insider Casey O'connor sold 50,000 shares of Stitch Fix stock in a transaction on Monday, April 14th. The stock was sold at an average price of $3.04, for a total value of $152,000.00. Following the sale, the insider now owns 575,755 shares in the company, valued at $1,750,295.20. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.95% of the stock is currently owned by insiders.

Stitch Fix Stock Up 0.1%

Shares of Stitch Fix stock traded up $0.01 during trading hours on Tuesday, reaching $4.24. 434,476 shares of the company's stock were exchanged, compared to its average volume of 2,202,836. The business has a fifty day moving average of $3.40 and a two-hundred day moving average of $4.14. The company has a market capitalization of $545.46 million, a P/E ratio of -5.10 and a beta of 2.00. Stitch Fix, Inc. has a 1 year low of $2.18 and a 1 year high of $6.99.

Stitch Fix (NASDAQ:SFIX - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.06. The company had revenue of $312.11 million during the quarter, compared to the consensus estimate of $298.04 million. Stitch Fix had a negative net margin of 7.71% and a negative return on equity of 32.71%. Stitch Fix's quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.29) EPS. As a group, research analysts predict that Stitch Fix, Inc. will post -0.44 EPS for the current year.

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.