Zumiez Inc. (NASDAQ:ZUMZ) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its position in Zumiez Inc. (NASDAQ:ZUMZ) by 190.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,845 shares of the apparel and footwear maker’s stock after acquiring an additional 21,539 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.17% of Zumiez worth $700,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC grew its position in Zumiez by 83.2% during the 2nd quarter. Signaturefd LLC now owns 1,480 shares of the apparel and footwear maker’s stock worth $29,000 after purchasing an additional 672 shares during the last quarter. CWM LLC boosted its stake in shares of Zumiez by 2,090.1% during the second quarter. CWM LLC now owns 1,993 shares of the apparel and footwear maker’s stock worth $39,000 after buying an additional 1,902 shares during the period. ProShare Advisors LLC purchased a new position in shares of Zumiez during the second quarter worth about $42,000. Ariadne Wealth Management LP acquired a new position in Zumiez in the 2nd quarter valued at about $54,000. Finally, US Bancorp DE raised its stake in Zumiez by 67,262.5% during the 3rd quarter. US Bancorp DE now owns 5,389 shares of the apparel and footwear maker’s stock valued at $115,000 after acquiring an additional 5,381 shares during the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Liliana Gil Valletta sold 3,283 shares of Zumiez stock in a transaction on Friday, September 27th. The stock was sold at an average price of $21.85, for a total transaction of $71,733.55. Following the completion of the transaction, the director now directly owns 15,002 shares of the company’s stock, valued at approximately $327,793.70. The trade was a 17.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 20.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, B. Riley boosted their target price on Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, September 6th.

Zumiez Stock Up 1.6 %

NASDAQ ZUMZ opened at $22.94 on Friday. The stock has a market capitalization of $439.09 million, a P/E ratio of -8.34 and a beta of 1.24. Zumiez Inc. has a 52-week low of $12.90 and a 52-week high of $31.37. The firm has a 50-day moving average price of $21.83 and a 200 day moving average price of $22.00.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.29. Zumiez had a negative return on equity of 3.52% and a negative net margin of 6.02%. The business had revenue of $210.18 million during the quarter, compared to the consensus estimate of $201.93 million. During the same period in the prior year, the business posted ($0.44) EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts expect that Zumiez Inc. will post 0.08 earnings per share for the current fiscal year.

About Zumiez

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.