GSA Capital Partners LLP Sells 17,645 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

GSA Capital Partners LLP decreased its position in Zumiez Inc. (NASDAQ:ZUMZ) by 13.9% during the 3rd quarter, Holdings Channel reports. The firm owned 108,955 shares of the apparel and footwear maker’s stock after selling 17,645 shares during the quarter. GSA Capital Partners LLP’s holdings in Zumiez were worth $2,321,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ZUMZ. Signaturefd LLC increased its holdings in Zumiez by 83.2% during 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 in the last quarter. CWM LLC boosted its stake in Zumiez by 2,090.1% in the second 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 in the last quarter. ProShare Advisors LLC bought a new stake in shares of Zumiez during the second quarter worth $42,000. Ariadne Wealth Management LP acquired a new stake in shares of Zumiez in the second quarter valued at $54,000. Finally, US Bancorp DE raised its holdings in shares of Zumiez by 67,262.5% in the third 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 last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Zumiez Trading Up 0.9 %

Zumiez stock opened at $22.29 on Tuesday. The firm has a market capitalization of $426.65 million, a P/E ratio of -8.11 and a beta of 1.24. The business has a 50-day moving average of $22.34 and a 200-day moving average of $21.63. Zumiez Inc. has a 1 year low of $12.90 and a 1 year high of $31.37.

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

Analyst Upgrades and Downgrades

Separately, B. Riley boosted their target price 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 related news, Director Liliana Gil Valletta sold 3,283 shares of the firm’s stock in a transaction 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 sale, the director now owns 15,002 shares of the company’s stock, valued at approximately $327,793.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 20.30% of the stock is owned by corporate insiders.

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.