Divisar Capital Management LLC Sells 1,628,975 Shares of Stitch Fix, Inc. $SFIX

Divisar Capital Management LLC trimmed its position in Stitch Fix, Inc. (NASDAQ:SFIX) by 67.6% during the third quarter, HoldingsChannel.com reports. The fund owned 781,581 shares of the company’s stock after selling 1,628,975 shares during the period. Stitch Fix makes up approximately 0.9% of Divisar Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Divisar Capital Management LLC’s holdings in Stitch Fix were worth $3,400,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SFIX. State of Alaska Department of Revenue bought a new stake in Stitch Fix in the third quarter valued at approximately $32,000. Ameritas Investment Partners Inc. boosted its position in shares of Stitch Fix by 32.3% during the second quarter. Ameritas Investment Partners Inc. now owns 10,839 shares of the company’s stock worth $40,000 after purchasing an additional 2,645 shares in the last quarter. Creative Planning acquired a new position in shares of Stitch Fix in the 2nd quarter valued at $46,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Stitch Fix in the 3rd quarter valued at $57,000. Finally, Wescott Financial Advisory Group LLC increased its position in shares of Stitch Fix by 30.0% in the 2nd quarter. Wescott Financial Advisory Group LLC now owns 13,000 shares of the company’s stock valued at $48,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 71.04% of the company’s stock.

Stitch Fix Trading Down 0.3%

Shares of NASDAQ SFIX opened at $3.29 on Monday. The firm has a market cap of $441.52 million, a PE ratio of -20.56 and a beta of 2.31. Stitch Fix, Inc. has a 1-year low of $2.60 and a 1-year high of $5.94. The company has a fifty day moving average price of $4.27 and a 200 day moving average price of $4.61.

Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Wednesday, March 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.03. The firm had revenue of $341.30 million for the quarter, compared to the consensus estimate of $334.74 million. Stitch Fix had a negative return on equity of 12.23% and a negative net margin of 1.89%.The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS. Equities research analysts forecast that Stitch Fix, Inc. will post -0.44 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on SFIX shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Stitch Fix in a research note on Thursday, January 22nd. Wall Street Zen downgraded Stitch Fix from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Telsey Advisory Group dropped their price target on Stitch Fix from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Thursday. Zacks Research cut Stitch Fix from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Finally, UBS Group decreased their price objective on Stitch Fix from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Stitch Fix has an average rating of “Reduce” and a consensus price target of $5.00.

Insider Buying and Selling

In other Stitch Fix news, insider Casey O’connor sold 83,641 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $5.16, for a total value of $431,587.56. Following the sale, the insider owned 542,071 shares in the company, valued at approximately $2,797,086.36. The trade was a 13.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David Aufderhaar sold 24,114 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $5.13, for a total value of $123,704.82. Following the transaction, the chief financial officer directly owned 1,251,862 shares of the company’s stock, valued at approximately $6,422,052.06. This trade represents a 1.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 191,048 shares of company stock worth $1,003,739. 16.09% of the stock is owned by corporate insiders.

Stitch Fix Company Profile

Stitch Fix, Inc, headquartered in San Francisco, California, is a leading online personal styling service that blends data science with human expertise to deliver curated clothing and accessory selections. Founded in 2011 by Katrina Lake, the company pioneered a subscription-based model in which customers receive periodic “Fixes” tailored to their personal style, size and budget. Each shipment arrives with several handpicked items along with styling notes, allowing clients to review, purchase and return pieces at their convenience.

Clients begin by completing an online style profile that captures their measurements, design preferences and lifestyle needs.