Y Intercept Hong Kong Ltd Acquires New Holdings in Zumiez Inc. (NASDAQ:ZUMZ)

Y Intercept Hong Kong Ltd bought a new position in shares of Zumiez Inc. (NASDAQ:ZUMZ) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,744 shares of the apparel and footwear maker’s stock, valued at approximately $442,000. Y Intercept Hong Kong Ltd owned about 0.11% of Zumiez at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Zumiez by 37.0% in the third quarter. State Street Corp now owns 477,152 shares of the apparel and footwear maker’s stock valued at $10,163,000 after acquiring an additional 128,774 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Zumiez by 42.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 416,274 shares of the apparel and footwear maker’s stock worth $8,867,000 after buying an additional 123,047 shares during the period. Acadian Asset Management LLC raised its stake in Zumiez by 225.2% during the second quarter. Acadian Asset Management LLC now owns 213,722 shares of the apparel and footwear maker’s stock worth $4,161,000 after buying an additional 147,996 shares during the last quarter. Tieton Capital Management LLC lifted its holdings in Zumiez by 1.6% in the second quarter. Tieton Capital Management LLC now owns 209,640 shares of the apparel and footwear maker’s stock valued at $4,084,000 after buying an additional 3,240 shares during the period. Finally, Jane Street Group LLC boosted its position in Zumiez by 225.4% during the third quarter. Jane Street Group LLC now owns 151,424 shares of the apparel and footwear maker’s stock valued at $3,225,000 after acquiring an additional 104,892 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Zumiez Stock Up 1.7 %

NASDAQ:ZUMZ opened at $20.10 on Tuesday. Zumiez Inc. has a twelve month low of $12.90 and a twelve month high of $31.37. The company has a fifty day moving average of $21.79 and a 200-day moving average of $22.33. The firm has a market capitalization of $385.32 million, a P/E ratio of -7.82 and a beta of 1.25.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, December 5th. The apparel and footwear maker reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $222.50 million for the quarter, compared to analyst estimates of $222.06 million. Zumiez had a negative net margin of 5.60% and a negative return on equity of 2.67%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.12) earnings per share. On average, analysts anticipate that Zumiez Inc. will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling at Zumiez

In other Zumiez news, Director Liliana Gil Valletta sold 3,283 shares of the firm’s 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 transaction, the director now directly owns 15,002 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 20.30% of the company’s stock.

Wall Street Analyst Weigh In

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

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.