Insider Buying: Stitch Fix, Inc. (NASDAQ:SFIX) Major Shareholder Buys $663,174.42 in Stock

Stitch Fix, Inc. (NASDAQ:SFIX) major shareholder Working Capital Advisors (Uk) acquired 37,383 shares of the stock in a transaction that occurred on Monday, January 10th. The stock was acquired at an average cost of $17.74 per share, with a total value of $663,174.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Working Capital Advisors (Uk) also recently made the following trade(s):

  • On Thursday, January 6th, Working Capital Advisors (Uk) acquired 26,279 shares of Stitch Fix stock. The stock was acquired at an average cost of $18.20 per share, with a total value of $478,277.80.
  • On Tuesday, January 4th, Working Capital Advisors (Uk) acquired 77,717 shares of Stitch Fix stock. The stock was acquired at an average cost of $18.46 per share, with a total value of $1,434,655.82.
  • On Monday, December 27th, Working Capital Advisors (Uk) purchased 150,000 shares of Stitch Fix stock. The shares were purchased at an average cost of $20.27 per share, with a total value of $3,040,500.00.
  • On Thursday, December 23rd, Working Capital Advisors (Uk) purchased 11,579 shares of Stitch Fix stock. The shares were purchased at an average cost of $19.15 per share, with a total value of $221,737.85.
  • On Thursday, December 16th, Working Capital Advisors (Uk) purchased 70,410 shares of Stitch Fix stock. The shares were purchased at an average cost of $18.05 per share, with a total value of $1,270,900.50.
  • On Tuesday, December 14th, Working Capital Advisors (Uk) purchased 73,844 shares of Stitch Fix stock. The shares were purchased at an average cost of $18.47 per share, with a total value of $1,363,898.68.
  • On Friday, December 10th, Working Capital Advisors (Uk) purchased 222,074 shares of Stitch Fix stock. The shares were purchased at an average cost of $19.78 per share, with a total value of $4,392,623.72.
  • On Monday, December 6th, Working Capital Advisors (Uk) purchased 500,000 shares of Stitch Fix stock. The shares were purchased at an average cost of $23.91 per share, with a total value of $11,955,000.00.
  • On Friday, December 3rd, Working Capital Advisors (Uk) purchased 500,000 shares of Stitch Fix stock. The shares were purchased at an average cost of $23.39 per share, with a total value of $11,695,000.00.
  • On Wednesday, October 27th, Working Capital Advisors (Uk) acquired 75,000 shares of Stitch Fix stock. The shares were bought at an average price of $32.37 per share, for a total transaction of $2,427,750.00.

Shares of NASDAQ SFIX opened at $16.60 on Friday. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -79.04 and a beta of 1.78. Stitch Fix, Inc. has a 12 month low of $16.01 and a 12 month high of $113.76. The firm’s 50 day simple moving average is $23.19 and its 200-day simple moving average is $36.69.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings data on Tuesday, December 7th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.12. The business had revenue of $581.24 million for the quarter, compared to analysts’ expectations of $570.49 million. Stitch Fix had a negative net margin of 0.92% and a negative return on equity of 4.49%. The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned $0.09 EPS. On average, equities analysts forecast that Stitch Fix, Inc. will post -0.92 EPS for the current year.

Several large investors have recently made changes to their positions in SFIX. Slate Path Capital LP lifted its position in shares of Stitch Fix by 1,001.9% during the 2nd quarter. Slate Path Capital LP now owns 2,534,320 shares of the company’s stock valued at $152,819,000 after buying an additional 2,304,320 shares in the last quarter. Jackson Square Partners LLC lifted its position in shares of Stitch Fix by 101.7% during the 2nd quarter. Jackson Square Partners LLC now owns 2,750,753 shares of the company’s stock valued at $165,870,000 after buying an additional 1,386,730 shares in the last quarter. Working Capital Advisors UK Ltd. lifted its position in shares of Stitch Fix by 27.8% during the 2nd quarter. Working Capital Advisors UK Ltd. now owns 6,139,609 shares of the company’s stock valued at $370,218,000 after buying an additional 1,336,989 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Stitch Fix by 491.8% during the 3rd quarter. Marshall Wace LLP now owns 1,433,259 shares of the company’s stock valued at $57,258,000 after buying an additional 1,191,075 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Stitch Fix by 22.8% during the 3rd quarter. BlackRock Inc. now owns 5,390,497 shares of the company’s stock valued at $215,351,000 after buying an additional 1,002,554 shares in the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

SFIX has been the topic of several recent analyst reports. Telsey Advisory Group cut their price objective on shares of Stitch Fix from $55.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, December 8th. Barclays cut their price objective on shares of Stitch Fix from $37.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 8th. Wells Fargo & Company cut their price objective on shares of Stitch Fix from $35.00 to $14.00 and set an “underweight” rating on the stock in a report on Wednesday, December 8th. UBS Group initiated coverage on shares of Stitch Fix in a report on Thursday, December 2nd. They set a “neutral” rating and a $30.00 price objective on the stock. Finally, Piper Sandler cut their price objective on shares of Stitch Fix from $46.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, December 8th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.05.

About Stitch Fix

Stitch Fix, Inc is an online personal styling service that delivers personalized fixes of apparel and accessories to men, women and kids. The company was founded by Katrina Lake and Erin Morrison Flynn in February 2011 and is headquartered in San Francisco, CA.

Further Reading: Shanghai Stock Exchange Composite Index

Insider Buying and Selling by Quarter for Stitch Fix (NASDAQ:SFIX)

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