Capital Impact Advisors LLC Reduces Stake in Stitch Fix Inc (SFIX)

Capital Impact Advisors LLC decreased its position in Stitch Fix Inc (NASDAQ:SFIX) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,523 shares of the company’s stock after selling 6,435 shares during the quarter. Capital Impact Advisors LLC owned about 0.05% of Stitch Fix worth $2,259,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SFIX. Northern Trust Corp bought a new stake in shares of Stitch Fix in the 1st quarter valued at approximately $389,000. Russell Investments Group Ltd. bought a new stake in shares of Stitch Fix in the 1st quarter valued at approximately $533,000. Stifel Financial Corp bought a new stake in shares of Stitch Fix in the 1st quarter valued at approximately $477,000. Blair William & Co. IL bought a new stake in shares of Stitch Fix in the 1st quarter valued at approximately $1,458,000. Finally, Element Capital Management LLC bought a new stake in shares of Stitch Fix in the 1st quarter valued at approximately $220,000. 21.62% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the company. KeyCorp assumed coverage on Stitch Fix in a research note on Tuesday, July 10th. They issued an “overweight” rating and a $38.00 price target for the company. Stifel Nicolaus boosted their price target on Stitch Fix from $26.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Wells Fargo & Co dropped coverage on Stitch Fix in a research note on Tuesday, October 2nd. Piper Jaffray Companies set a $31.00 price target on Stitch Fix and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research cut Stitch Fix from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.18.

Shares of Stitch Fix stock opened at $25.66 on Friday. Stitch Fix Inc has a 12-month low of $14.48 and a 12-month high of $52.44.

Stitch Fix (NASDAQ:SFIX) last announced its earnings results on Monday, October 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.14. The firm had revenue of $318.30 million during the quarter, compared to analysts’ expectations of $318.93 million. Stitch Fix had a return on equity of 19.95% and a net margin of 3.66%. The business’s revenue was up 23.2% compared to the same quarter last year. On average, equities analysts predict that Stitch Fix Inc will post 0.13 earnings per share for the current fiscal year.

In other Stitch Fix news, major shareholder Steven M. Spurlock sold 329,621 shares of the company’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $26.48, for a total transaction of $8,728,364.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mike C. Smith sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $32.69, for a total value of $817,250.00. The disclosure for this sale can be found here. Insiders have sold 491,507 shares of company stock valued at $14,531,514 in the last ninety days.

Stitch Fix Company Profile

Stitch Fix, Inc sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags for men and women under the Stitch Fix brand. The company was formerly known as rack habit inc. and changed its name to Stitch Fix, Inc in October 2011.

Read More: Intrinsic Value and Stock Selection

Institutional Ownership by Quarter for Stitch Fix (NASDAQ:SFIX)

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