XTX Topco Ltd Buys New Stake in Zumiez Inc. (NASDAQ:ZUMZ)

XTX Topco Ltd purchased a new position in Zumiez Inc. (NASDAQ:ZUMZ) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 26,462 shares of the apparel and footwear maker’s stock, valued at approximately $564,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC raised its holdings in shares of Zumiez by 225.4% during the 3rd quarter. Jane Street Group LLC now owns 151,424 shares of the apparel and footwear maker’s stock worth $3,225,000 after acquiring an additional 104,892 shares in the last quarter. State Street Corp raised its stake in Zumiez by 37.0% during the third quarter. State Street Corp now owns 477,152 shares of the apparel and footwear maker’s stock valued at $10,163,000 after purchasing an additional 128,774 shares in the last quarter. Quarry LP lifted its position in Zumiez by 315.1% during the third quarter. Quarry LP now owns 1,764 shares of the apparel and footwear maker’s stock valued at $38,000 after purchasing an additional 1,339 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Zumiez in the 3rd quarter worth $110,000. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Zumiez by 42.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 416,274 shares of the apparel and footwear maker’s stock worth $8,867,000 after buying an additional 123,047 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

Zumiez Stock Down 3.7 %

NASDAQ ZUMZ opened at $19.76 on Friday. Zumiez Inc. has a 52 week low of $12.90 and a 52 week high of $31.37. The firm has a market capitalization of $378.86 million, a price-to-earnings ratio of -7.69 and a beta of 1.25. The company has a fifty day moving average of $21.83 and a two-hundred day moving average of $22.27.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $222.50 million for the quarter, compared to the consensus estimate of $222.06 million. Zumiez had a negative net margin of 5.60% and a negative return on equity of 2.67%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.12) EPS. Equities research analysts anticipate that Zumiez Inc. will post 0.01 EPS for the current year.

Insider Buying and Selling

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 sale, the director now owns 15,002 shares in the company, valued at $327,793.70. This trade represents a 17.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 20.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.