Dynamic Technology Lab Private Ltd Makes New Investment in Zumiez Inc. (NASDAQ:ZUMZ)

Dynamic Technology Lab Private Ltd purchased a new position in Zumiez Inc. (NASDAQ:ZUMZ) in the third quarter, Holdings Channel reports. The fund purchased 41,939 shares of the apparel and footwear maker’s stock, valued at approximately $893,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Signaturefd LLC boosted its holdings in shares of Zumiez by 83.2% during the 2nd quarter. Signaturefd LLC now owns 1,480 shares of the apparel and footwear maker’s stock worth $29,000 after buying an additional 672 shares during the period. CWM LLC increased 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 worth $39,000 after purchasing an additional 1,902 shares during the period. ProShare Advisors LLC acquired a new position in shares of Zumiez during the second quarter valued at about $42,000. Ariadne Wealth Management LP bought a new stake in shares of Zumiez in the second quarter valued at about $54,000. Finally, US Bancorp DE grew its position in Zumiez by 67,262.5% during the third quarter. US Bancorp DE now owns 5,389 shares of the apparel and footwear maker’s stock worth $115,000 after buying an additional 5,381 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.

Zumiez Stock Performance

Shares of ZUMZ stock opened at $22.94 on Thursday. The firm has a fifty day moving average of $21.84 and a 200-day moving average of $21.99. The stock has a market cap of $439.07 million, a price-to-earnings ratio of -8.34 and a beta of 1.24. Zumiez Inc. has a 52-week low of $12.90 and a 52-week high of $31.37.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $201.93 million. During the same quarter last year, the company earned ($0.44) earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, sell-side analysts predict that Zumiez Inc. will post 0.08 earnings per share for the current year.

Insider Activity at Zumiez

In related news, Director Liliana Gil Valletta sold 3,283 shares of Zumiez 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 completion of the transaction, the director now directly 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 document filed with the SEC, which is available at this hyperlink. 20.30% of the stock is owned by insiders.

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.