Quest Partners LLC Acquires New Shares in Zumiez Inc. (NASDAQ:ZUMZ)

Quest Partners LLC acquired a new stake in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 39,762 shares of the apparel and footwear maker's stock, valued at approximately $847,000. Quest Partners LLC owned approximately 0.21% of Zumiez as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Zumiez by 2.3% in 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 purchasing an additional 20,099 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Zumiez by 17.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 236,158 shares of the apparel and footwear maker's stock valued at $3,587,000 after purchasing an additional 34,638 shares during the period. Acadian Asset Management LLC grew its position in Zumiez by 225.2% in the 2nd quarter. Acadian Asset Management LLC now owns 213,722 shares of the apparel and footwear maker's stock valued at $4,161,000 after purchasing an additional 147,996 shares during the period. Tieton Capital Management LLC grew its position in Zumiez by 1.6% in the 2nd quarter. Tieton Capital Management LLC now owns 209,640 shares of the apparel and footwear maker's stock valued at $4,084,000 after purchasing an additional 3,240 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Zumiez by 261.0% during the 2nd quarter. AQR Capital Management LLC now owns 148,095 shares of the apparel and footwear maker's stock worth $2,885,000 after acquiring an additional 107,073 shares during the last quarter. Institutional investors own 95.45% of the company's stock.

Zumiez Trading Up 3.7 %

Shares of NASDAQ:ZUMZ traded up $0.82 during midday trading on Friday, reaching $22.82. The company had a trading volume of 168,367 shares, compared to its average volume of 254,693. The company's 50 day moving average price is $21.83 and its 200 day moving average price is $21.87. The stock has a market cap of $436.77 million, a P/E ratio of -8.30 and a beta of 1.24. Zumiez Inc. has a 52-week low of $12.90 and a 52-week high of $31.37.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $210.18 million for the quarter, compared to the consensus estimate of $201.93 million. During the same period in the previous year, the firm earned ($0.44) EPS. The firm's quarterly revenue was up 8.1% on a year-over-year basis. Research analysts forecast that Zumiez Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Liliana Gil Valletta sold 3,283 shares of the stock in a transaction that occurred 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 sale, the director now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 20.30% of the stock is owned by insiders.

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.