Dynamic Technology Lab Private Ltd Makes New Investment in Zumiez Inc. (NASDAQ:ZUMZ)

Dynamic Technology Lab Private Ltd bought a new position in shares of Zumiez Inc. (NASDAQ:ZUMZ - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 41,939 shares of the apparel and footwear maker's stock, valued at approximately $893,000. Dynamic Technology Lab Private Ltd owned about 0.22% of Zumiez at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in Zumiez by 190.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,845 shares of the apparel and footwear maker's stock worth $700,000 after acquiring an additional 21,539 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Zumiez by 362.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,659 shares of the apparel and footwear maker's stock worth $121,000 after acquiring an additional 4,436 shares during the last quarter. Quest Partners LLC acquired a new position in Zumiez during the 3rd quarter worth $847,000. Olympiad Research LP acquired a new position in shares of Zumiez during the third quarter valued at about $488,000. Finally, US Bancorp DE raised its position in shares of Zumiez by 67,262.5% during 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 Stock Performance

Shares of ZUMZ traded up $0.36 during trading hours on Thursday, reaching $22.94. 251,943 shares of the company traded hands, compared to its average volume of 219,412. The stock's fifty day moving average is $21.83 and its 200 day moving average is $22.00. The stock has a market cap of $439.09 million, a P/E ratio of -8.34 and a beta of 1.24. Zumiez Inc. has a 1-year low of $12.90 and a 1-year high of $31.37.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $210.18 million during the quarter, compared to analyst estimates of $201.93 million. During the same quarter in the prior year, the business posted ($0.44) earnings per share. The company's quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that Zumiez Inc. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley upped 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

In other Zumiez news, Director Liliana Gil Valletta sold 3,283 shares of the company's 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 sale, the director now directly owns 15,002 shares of the company's stock, valued at approximately $327,793.70. This represents a 17.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 20.30% of the company's stock.

About Zumiez

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.