US Bancorp DE Grows Stock Position in Zumiez Inc. (NASDAQ:ZUMZ)

US Bancorp DE grew its holdings in Zumiez Inc. (NASDAQ:ZUMZ) by 67,262.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,389 shares of the apparel and footwear maker’s stock after purchasing an additional 5,381 shares during the period. US Bancorp DE’s holdings in Zumiez were worth $115,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ZUMZ. Quantbot Technologies LP purchased a new position in shares of Zumiez in the first quarter valued at $196,000. Russell Investments Group Ltd. increased its position in shares of 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 valued at $407,000 after buying an additional 2,390 shares during the period. Vanguard Group Inc. boosted its position in shares of Zumiez by 2.3% in 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 acquiring an additional 20,099 shares during the period. Acadian Asset Management LLC grew its stake in Zumiez by 24.7% during 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 acquiring an additional 13,031 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Zumiez during the 1st quarter worth approximately $198,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their price target 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.

Insider Buying and Selling at Zumiez

In other Zumiez news, Director Liliana Gil Valletta sold 3,283 shares of Zumiez stock in a transaction that occurred 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 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 legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 20.30% of the company’s stock.

Zumiez Trading Down 4.7 %

Shares of ZUMZ opened at $21.21 on Friday. Zumiez Inc. has a 12-month low of $12.90 and a 12-month high of $31.37. The company has a market cap of $405.98 million, a PE ratio of -7.71 and a beta of 1.24. The stock has a 50-day moving average price of $21.99 and a 200-day moving average price of $21.71.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.29. The business had revenue of $210.18 million during the quarter, compared to analyst estimates of $201.93 million. Zumiez had a negative net margin of 6.02% and a negative return on equity of 3.52%. Zumiez’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.44) earnings per share. As a group, analysts predict that Zumiez Inc. will post 0.08 earnings per share for the current year.

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.