Jacobs Levy Equity Management Inc. Purchases 123,047 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Jacobs Levy Equity Management Inc. raised its holdings in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 42.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 416,274 shares of the apparel and footwear maker's stock after buying an additional 123,047 shares during the period. Jacobs Levy Equity Management Inc. owned about 2.17% of Zumiez worth $8,867,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Signaturefd LLC lifted its position in shares of Zumiez by 83.2% during the second 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 increased its holdings in Zumiez by 2,090.1% during the second quarter. CWM LLC now owns 1,993 shares of the apparel and footwear maker's stock worth $39,000 after buying an additional 1,902 shares during the last quarter. ProShare Advisors LLC purchased a new stake in Zumiez during the second quarter worth about $42,000. Ariadne Wealth Management LP purchased a new stake in Zumiez during the second quarter worth about $54,000. Finally, US Bancorp DE increased its holdings in 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 worth $115,000 after buying an additional 5,381 shares during the last quarter. 95.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Zumiez

In other 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 in the company, valued at approximately $327,793.70. The trade was a 17.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 20.30% of the stock is currently owned by company insiders.

Zumiez Stock Up 10.8 %

NASDAQ:ZUMZ traded up $2.18 during mid-day trading on Friday, hitting $22.34. 736,762 shares of the stock traded hands, compared to its average volume of 259,704. The business's 50-day moving average price is $21.83 and its 200 day moving average price is $22.14. The company has a market cap of $427.59 million, a PE ratio of -8.16 and a beta of 1.25. Zumiez Inc. has a 12-month low of $12.90 and a 12-month high of $31.37.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last announced its earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. Zumiez had a negative net margin of 6.02% and a negative return on equity of 3.52%. The business had revenue of $222.50 million during the quarter, compared to analyst estimates of $222.06 million. During the same period in the previous year, the business posted ($0.12) earnings per share. Zumiez's revenue for the quarter was up 2.9% on a year-over-year basis. Analysts anticipate that Zumiez Inc. will post 0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley lifted 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.

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.