Olympiad Research LP Acquires New Position in Zumiez Inc. (NASDAQ:ZUMZ)

Olympiad Research LP purchased a new stake in shares of Zumiez Inc. (NASDAQ:ZUMZ - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 22,915 shares of the apparel and footwear maker's stock, valued at approximately $488,000. Olympiad Research LP owned 0.12% of Zumiez as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of ZUMZ. Signaturefd LLC lifted 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 buying an additional 672 shares in the last quarter. CWM LLC grew 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 purchased a new position in Zumiez during the 2nd quarter worth $42,000. Ariadne Wealth Management LP purchased a new stake in shares of Zumiez in the 2nd quarter worth $54,000. Finally, US Bancorp DE grew its position in shares of Zumiez by 67,262.5% during the 3rd 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 in the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 value of $71,733.55. Following the completion of the transaction, the director now owns 15,002 shares of the company's stock, valued at $327,793.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 20.30% of the company's stock.

Zumiez Stock Down 0.1 %

Shares of Zumiez stock traded down $0.03 on Thursday, reaching $22.06. The stock had a trading volume of 150,807 shares, compared to its average volume of 258,291. The company has a 50 day moving average price of $22.68 and a 200 day moving average price of $21.49. Zumiez Inc. has a 1 year low of $12.90 and a 1 year high of $31.37. The stock has a market capitalization of $422.25 million, a P/E ratio of -8.03 and a beta of 1.24.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The apparel and footwear maker reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.29. The firm had revenue of $210.18 million during the quarter, compared to analyst estimates of $201.93 million. Zumiez had a negative net margin of 6.02% and a negative return on equity of 3.52%. Zumiez's revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted ($0.44) EPS. On average, analysts forecast that Zumiez Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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.