Verition Fund Management LLC Sells 12,939 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Verition Fund Management LLC lowered its holdings in Zumiez Inc. (NASDAQ:ZUMZ) by 16.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,548 shares of the apparel and footwear maker’s stock after selling 12,939 shares during the period. Verition Fund Management LLC owned approximately 0.35% of Zumiez worth $1,417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC raised its holdings in Zumiez by 225.2% in the 2nd quarter. Acadian Asset Management LLC now owns 213,722 shares of the apparel and footwear maker’s stock valued at $4,161,000 after acquiring an additional 147,996 shares in the last quarter. AQR Capital Management LLC increased its position 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 worth $2,885,000 after purchasing an additional 107,073 shares during the period. Marshall Wace LLP increased its position in shares of Zumiez by 641.2% in the second quarter. Marshall Wace LLP now owns 120,814 shares of the apparel and footwear maker’s stock worth $2,353,000 after purchasing an additional 104,514 shares during the period. Bank of Montreal Can bought a new stake in Zumiez during the second quarter worth about $1,979,000. Finally, BNP Paribas Financial Markets grew its stake in Zumiez by 1,795.0% during the third quarter. BNP Paribas Financial Markets now owns 56,529 shares of the apparel and footwear maker’s stock worth $1,204,000 after buying an additional 53,546 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Analysts Set New Price Targets

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

Zumiez Stock Performance

Shares of ZUMZ stock opened at $22.34 on Friday. Zumiez Inc. has a fifty-two week low of $12.90 and a fifty-two week high of $31.37. The stock’s fifty day moving average price is $21.84 and its two-hundred day moving average price is $22.17. The company has a market cap of $427.59 million, a PE ratio of -8.12 and a beta of 1.25.

Zumiez (NASDAQ:ZUMZ) last released 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 business had revenue of $222.50 million for the quarter, compared to analyst estimates of $222.06 million. Zumiez had a negative return on equity of 3.52% and a negative net margin of 6.02%. Zumiez’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.12) earnings per share. On average, equities analysts predict that Zumiez Inc. will post 0.07 EPS for the current fiscal year.

Insider Activity at Zumiez

In other news, Director Liliana Gil Valletta sold 3,283 shares of Zumiez stock in a transaction on Friday, September 27th. The shares were sold at an average price of $21.85, for a total transaction of $71,733.55. Following the transaction, the director now owns 15,002 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. 20.30% of the stock is currently owned by insiders.

Zumiez 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.