Quest Partners LLC Purchases Shares of 39,762 Zumiez Inc. (NASDAQ:ZUMZ)

Quest Partners LLC acquired a new position in Zumiez Inc. (NASDAQ:ZUMZ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 39,762 shares of the apparel and footwear maker’s stock, valued at approximately $847,000. Quest Partners LLC owned 0.21% of Zumiez as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its stake in Zumiez by 17.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 236,158 shares of the apparel and footwear maker’s stock valued at $3,587,000 after purchasing an additional 34,638 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Zumiez by 2.3% during the first quarter. Vanguard Group Inc. now owns 901,774 shares of the apparel and footwear maker’s stock valued at $13,698,000 after buying an additional 20,099 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Zumiez by 24.7% in the first quarter. Acadian Asset Management LLC now owns 65,726 shares of the apparel and footwear maker’s stock valued at $997,000 after buying an additional 13,031 shares during the period. AQR Capital Management LLC lifted its stake in shares of Zumiez by 261.0% in the second quarter. AQR Capital Management LLC now owns 148,095 shares of the apparel and footwear maker’s stock valued at $2,885,000 after buying an additional 107,073 shares during the period. Finally, Russell Investments Group Ltd. grew its position in Zumiez by 9.8% during the first quarter. Russell Investments Group Ltd. now owns 26,815 shares of the apparel and footwear maker’s stock worth $407,000 after buying an additional 2,390 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Zumiez news, Director Liliana Gil Valletta sold 3,283 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $21.85, for a total value of $71,733.55. Following the sale, the director now directly owns 15,002 shares in the company, valued at approximately $327,793.70. This trade represents a 17.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 20.30% of the stock is owned by insiders.

Zumiez Price Performance

NASDAQ ZUMZ opened at $22.04 on Friday. The stock’s 50 day simple moving average is $21.87 and its 200 day simple moving average is $21.83. Zumiez Inc. has a one year low of $12.90 and a one year high of $31.37. The firm has a market cap of $421.85 million, a PE ratio of -8.01 and a beta of 1.24.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $201.93 million. During the same quarter in the previous year, the company posted ($0.44) EPS. Zumiez’s revenue was up 8.1% on a year-over-year basis. As a group, equities analysts expect that Zumiez Inc. will post 0.08 earnings per share for the current 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.