Semanteon Capital Management LP Buys 23,388 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Semanteon Capital Management LP increased its position in Zumiez Inc. (NASDAQ:ZUMZ) by 104.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,783 shares of the apparel and footwear maker’s stock after purchasing an additional 23,388 shares during the period. Semanteon Capital Management LP’s holdings in Zumiez were worth $975,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ZUMZ. Signaturefd LLC lifted its position in Zumiez by 83.2% in the 2nd quarter. Signaturefd LLC now owns 1,480 shares of the apparel and footwear maker’s stock valued at $29,000 after acquiring an additional 672 shares in the last quarter. CWM LLC lifted its holdings in shares of Zumiez by 2,090.1% during the 2nd quarter. CWM LLC now owns 1,993 shares of the apparel and footwear maker’s stock valued at $39,000 after buying an additional 1,902 shares during the period. ProShare Advisors LLC purchased a new position in Zumiez in the second quarter worth about $42,000. Ariadne Wealth Management LP bought a new stake in shares of Zumiez during the 2nd quarter valued at about $54,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Zumiez during the 1st quarter valued at about $196,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Zumiez Price Performance

Zumiez stock traded up $0.12 during trading on Monday, reaching $21.72. The company had a trading volume of 4,306 shares, compared to its average volume of 256,706. The firm’s 50-day simple moving average is $23.83 and its 200 day simple moving average is $21.18. Zumiez Inc. has a 52 week low of $12.90 and a 52 week high of $31.37.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, September 5th. The apparel and footwear maker reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.29. The firm had revenue of $210.18 million for the quarter, compared to the consensus estimate of $201.93 million. Zumiez had a negative return on equity of 3.52% and a negative net margin of 6.02%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.44) earnings per share. Sell-side analysts anticipate that Zumiez Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley raised their price objective on shares of Zumiez from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, September 6th.

Insider Buying and Selling at Zumiez

In other news, Director Liliana Gil Valletta sold 3,283 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $21.85, for a total value of $71,733.55. Following the completion of the transaction, the director now owns 15,002 shares of the company’s stock, valued at $327,793.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 20.30% of the company’s stock.

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.