Gilder Gagnon Howe & Co. LLC Has $31.20 Million Position in Stitch Fix Inc (SFIX)

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Gilder Gagnon Howe & Co. LLC reduced its position in Stitch Fix Inc (NASDAQ:SFIX) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 712,916 shares of the company’s stock after selling 5,701 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 0.72% of Stitch Fix worth $31,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eidelman Virant Capital acquired a new position in shares of Stitch Fix in the 2nd quarter valued at $2,663,000. Essex Investment Management Co. LLC acquired a new position in shares of Stitch Fix in the 3rd quarter valued at $306,000. Zevenbergen Capital Investments LLC lifted its stake in shares of Stitch Fix by 63.4% in the 2nd quarter. Zevenbergen Capital Investments LLC now owns 67,220 shares of the company’s stock valued at $1,845,000 after purchasing an additional 26,070 shares during the period. Pier Capital LLC lifted its stake in shares of Stitch Fix by 52.8% in the 2nd quarter. Pier Capital LLC now owns 307,150 shares of the company’s stock valued at $8,428,000 after purchasing an additional 106,101 shares during the period. Finally, Light Street Capital Management LLC lifted its stake in shares of Stitch Fix by 18.6% in the 2nd quarter. Light Street Capital Management LLC now owns 2,010,516 shares of the company’s stock valued at $55,169,000 after purchasing an additional 315,101 shares during the period. Hedge funds and other institutional investors own 21.38% of the company’s stock.

In related news, major shareholder Barry Eggers sold 31,886 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $40.88, for a total value of $1,303,499.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mike C. Smith sold 25,000 shares of the business’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $25.72, for a total transaction of $643,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 491,507 shares of company stock valued at $14,531,514.

Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Stitch Fix from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Wells Fargo & Co dropped coverage on shares of Stitch Fix in a research note on Tuesday, October 2nd. Stifel Nicolaus boosted their target price on shares of Stitch Fix from $26.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, October 2nd. KeyCorp decreased their target price on shares of Stitch Fix from $53.00 to $45.00 and set an “overweight” rating for the company in a research note on Tuesday, October 2nd. Finally, Piper Jaffray Companies set a $31.00 target price on shares of Stitch Fix and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.18.

Shares of NASDAQ SFIX opened at $25.97 on Wednesday. Stitch Fix Inc has a one year low of $14.48 and a one year high of $52.44.

Stitch Fix (NASDAQ:SFIX) last issued its quarterly earnings results on Monday, October 1st. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.04 by $0.14. The company had revenue of $318.30 million during the quarter, compared to analyst estimates of $318.93 million. Stitch Fix had a net margin of 3.66% and a return on equity of 19.95%. The company’s revenue was up 23.2% on a year-over-year basis. Sell-side analysts forecast that Stitch Fix Inc will post 0.13 EPS for the current fiscal year.

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, women, and kids 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.

Further Reading: How can you know how many shares are floating?

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

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