Zumiez Inc. (NASDAQ:ZUMZ) Shares Sold by Empowered Funds LLC

Empowered Funds LLC lowered its position in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 54.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 35,837 shares of the apparel and footwear maker’s stock after selling 43,024 shares during the quarter. Empowered Funds LLC owned about 0.19% of Zumiez worth $763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of 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 buying an additional 672 shares during the period. CWM LLC lifted its holdings in shares of Zumiez by 2,090.1% in 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 acquired a new position in shares of Zumiez in the 2nd quarter valued at about $42,000. Ariadne Wealth Management LP acquired a new position in shares of Zumiez in the 2nd quarter valued at about $54,000. Finally, US Bancorp DE lifted its holdings in shares of Zumiez by 67,262.5% in the 3rd quarter. US Bancorp DE now owns 5,389 shares of the apparel and footwear maker’s stock valued at $115,000 after buying an additional 5,381 shares during the period. Institutional investors and hedge funds own 95.45% of the company’s stock.

Insider Activity at Zumiez

In other Zumiez news, Director Liliana Gil Valletta sold 3,283 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $21.85, for a total transaction of $71,733.55. Following the completion of the sale, the director now directly owns 15,002 shares in the company, valued at approximately $327,793.70. The trade was a 17.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.30% of the stock is owned by company insiders.

Zumiez Stock Up 3.7 %

Shares of Zumiez stock opened at $22.82 on Friday. Zumiez Inc. has a twelve month low of $12.90 and a twelve month high of $31.37. The business has a 50-day moving average price of $21.83 and a 200 day moving average price of $21.90. The firm has a market cap of $436.80 million, a PE ratio of -8.30 and a beta of 1.24.

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

Analyst Upgrades and Downgrades

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

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.