Olympiad Research LP Purchases Shares of 22,915 Zumiez Inc. (NASDAQ:ZUMZ)

Olympiad Research LP purchased a new stake in Zumiez Inc. (NASDAQ:ZUMZ) during the third quarter, HoldingsChannel.com reports. The firm purchased 22,915 shares of the apparel and footwear maker’s stock, valued at approximately $488,000.

A number of other hedge funds also recently made changes to their positions in ZUMZ. Signaturefd LLC increased its stake in 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 position 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 worth $39,000 after purchasing an additional 1,902 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Zumiez in the 2nd quarter worth about $42,000. Ariadne Wealth Management LP bought a new stake in shares of Zumiez in the 2nd quarter worth about $54,000. Finally, US Bancorp DE increased its position 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 worth $115,000 after purchasing an additional 5,381 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Zumiez Price Performance

ZUMZ stock opened at $22.09 on Thursday. Zumiez Inc. has a 12 month low of $12.90 and a 12 month high of $31.37. The firm has a market cap of $422.82 million, a PE ratio of -8.03 and a beta of 1.24. The firm has a 50 day simple moving average of $22.68 and a 200 day simple moving average of $21.49.

Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) EPS for the quarter, beating the consensus estimate 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 business had revenue of $210.18 million during the quarter, compared to analyst estimates of $201.93 million. During the same period in the prior year, the business earned ($0.44) earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts expect that Zumiez Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their price objective 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 the business’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 value of $71,733.55. Following the completion of the sale, the director now directly owns 15,002 shares of the company’s stock, valued at $327,793.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 20.30% of the company’s stock.

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.