Jane Street Group LLC Boosts Stock Position in Zumiez Inc. (NASDAQ:ZUMZ)

Jane Street Group LLC boosted its holdings in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 225.4% during the third quarter, Holdings Channel.com reports. The firm owned 151,424 shares of the apparel and footwear maker’s stock after acquiring an additional 104,892 shares during the period. Jane Street Group LLC’s holdings in Zumiez were worth $3,225,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Signaturefd LLC lifted its stake 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 purchasing an additional 672 shares during the last quarter. Quarry LP raised its holdings in Zumiez by 315.1% during the 3rd quarter. Quarry LP now owns 1,764 shares of the apparel and footwear maker’s stock valued at $38,000 after buying an additional 1,339 shares during the period. ProShare Advisors LLC bought a new stake in Zumiez in the second quarter worth $42,000. Ariadne Wealth Management LP purchased a new position in Zumiez during the second quarter worth $54,000. Finally, CWM LLC increased its position in Zumiez by 69.6% during the third quarter. CWM LLC now owns 3,380 shares of the apparel and footwear maker’s stock valued at $72,000 after acquiring an additional 1,387 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Zumiez

In other news, Director Liliana Gil Valletta sold 3,283 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 20.30% of the stock is currently owned by company insiders.

Zumiez Stock Performance

Shares of NASDAQ ZUMZ opened at $18.99 on Friday. The business’s 50 day moving average price is $21.66 and its 200-day moving average price is $22.29. Zumiez Inc. has a fifty-two week low of $12.90 and a fifty-two week high of $31.37. The company has a market cap of $364.10 million, a price-to-earnings ratio of -7.39 and a beta of 1.25.

Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates 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 2.67% and a negative net margin of 5.60%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.12) earnings per share. Sell-side analysts predict that Zumiez Inc. will post 0.01 earnings per share for the current year.

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.