US Bancorp DE Raises Stock Position in Zumiez Inc. (NASDAQ:ZUMZ)

US Bancorp DE lifted its position in Zumiez Inc. (NASDAQ:ZUMZ) by 67,262.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,389 shares of the apparel and footwear maker’s stock after acquiring an additional 5,381 shares during the period. US Bancorp DE’s holdings in Zumiez were worth $115,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its holdings in Zumiez by 17.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 236,158 shares of the apparel and footwear maker’s stock worth $3,587,000 after purchasing an additional 34,638 shares in the last quarter. Vanguard Group Inc. lifted its position in Zumiez by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 901,774 shares of the apparel and footwear maker’s stock valued at $13,698,000 after acquiring an additional 20,099 shares during the period. Acadian Asset Management LLC lifted its position in Zumiez by 24.7% during the 1st quarter. Acadian Asset Management LLC now owns 65,726 shares of the apparel and footwear maker’s stock valued at $997,000 after acquiring an additional 13,031 shares during the period. AQR Capital Management LLC boosted its stake in Zumiez by 261.0% during the second quarter. AQR Capital Management LLC now owns 148,095 shares of the apparel and footwear maker’s stock worth $2,885,000 after acquiring an additional 107,073 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Zumiez in the 1st quarter worth approximately $196,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Zumiez

In other news, Director Liliana Gil Valletta sold 3,283 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $21.85, for a total transaction of $71,733.55. Following the sale, the director now owns 15,002 shares of the company’s stock, valued at $327,793.70. This trade represents a 17.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 20.30% of the company’s stock.

Zumiez Stock Performance

Shares of ZUMZ stock opened at $21.21 on Friday. The company has a market capitalization of $405.98 million, a price-to-earnings ratio of -7.71 and a beta of 1.24. Zumiez Inc. has a one year low of $12.90 and a one year high of $31.37. The company’s 50-day moving average is $21.99 and its 200 day moving average is $21.71.

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

Zumiez Company Profile

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.