Zumiez Inc. (NASDAQ:ZUMZ) Shares Bought by Jane Street Group LLC

Jane Street Group LLC increased its stake in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 225.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,424 shares of the apparel and footwear maker's stock after buying an additional 104,892 shares during the period. Jane Street Group LLC owned about 0.79% of Zumiez worth $3,225,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new position in Zumiez during the 3rd quarter worth approximately $847,000. Maverick Capital Ltd. acquired a new stake in shares of Zumiez during the 3rd quarter valued at approximately $1,692,000. AQR Capital Management LLC lifted its stake in Zumiez by 261.0% during the second quarter. AQR Capital Management LLC now owns 148,095 shares of the apparel and footwear maker's stock worth $2,885,000 after purchasing an additional 107,073 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Zumiez during the third quarter worth $893,000. Finally, US Bancorp DE boosted its holdings in 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 worth $115,000 after purchasing an additional 5,381 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zumiez

In other Zumiez news, Director Liliana Gil Valletta sold 3,283 shares of the business'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 completion of the transaction, the director now 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 link. 20.30% of the stock is currently owned by insiders.

Zumiez Stock Performance

Shares of Zumiez stock traded down $0.01 on Friday, reaching $18.99. 592,392 shares of the company were exchanged, compared to its average volume of 261,745. The firm has a market cap of $364.10 million, a price-to-earnings ratio of -7.39 and a beta of 1.25. Zumiez Inc. has a 1-year low of $12.90 and a 1-year high of $31.37. The company's 50-day moving average is $21.60 and its two-hundred day moving average is $22.30.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last issued its earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. The firm had revenue of $222.50 million for the quarter, compared to analyst estimates of $222.06 million. During the same period last year, the company earned ($0.12) earnings per share. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that Zumiez Inc. will post 0.01 earnings per share for the current year.

Analyst Ratings Changes

Separately, B. Riley increased their target price on shares of Zumiez from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, September 6th.

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.