Maverick Capital Ltd. Invests $1.69 Million in Zumiez Inc. (NASDAQ:ZUMZ)

Maverick Capital Ltd. bought a new position in shares of Zumiez Inc. (NASDAQ:ZUMZ - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 79,439 shares of the apparel and footwear maker's stock, valued at approximately $1,692,000. Maverick Capital Ltd. owned about 0.42% of Zumiez at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Zumiez by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 901,774 shares of the apparel and footwear maker's stock valued at $13,698,000 after acquiring an additional 20,099 shares during the last quarter. CWM LLC boosted its holdings in 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 purchasing an additional 1,902 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Zumiez by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 42,116 shares of the apparel and footwear maker's stock valued at $820,000 after buying an additional 788 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Zumiez by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 64,916 shares of the apparel and footwear maker's stock valued at $1,265,000 after buying an additional 7,431 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of 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 last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Zumiez

In other Zumiez news, Director Liliana Gil Valletta sold 3,283 shares of the business's stock in a transaction dated 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 owns 15,002 shares of the company's stock, valued at approximately $327,793.70. The trade was a 17.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.30% of the stock is owned by insiders.

Zumiez Stock Down 3.8 %

ZUMZ stock traded down $0.87 during mid-day trading on Friday, hitting $22.07. 338,739 shares of the company were exchanged, compared to its average volume of 206,403. Zumiez Inc. has a 12-month low of $12.90 and a 12-month high of $31.37. The firm has a market capitalization of $422.44 million, a P/E ratio of -8.03 and a beta of 1.24. The business has a fifty day simple moving average of $21.82 and a 200-day simple moving average of $22.06.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last released its earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.29. The firm had revenue of $210.18 million for the quarter, compared to the consensus estimate of $201.93 million. Zumiez had a negative return on equity of 3.52% and a negative net margin of 6.02%. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.44) earnings per share. Research analysts predict that Zumiez Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

Separately, B. Riley raised their target price on Zumiez from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note 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.