XTX Topco Ltd Makes New $564,000 Investment in Zumiez Inc. (NASDAQ:ZUMZ)

XTX Topco Ltd bought a new position in shares of Zumiez Inc. (NASDAQ:ZUMZ - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 26,462 shares of the apparel and footwear maker's stock, valued at approximately $564,000. XTX Topco Ltd owned 0.14% of Zumiez at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Acadian Asset Management LLC raised its holdings in Zumiez by 225.2% during the 2nd quarter. Acadian Asset Management LLC now owns 213,722 shares of the apparel and footwear maker's stock worth $4,161,000 after buying an additional 147,996 shares during the period. State Street Corp lifted its position in Zumiez by 37.0% in the 3rd quarter. State Street Corp now owns 477,152 shares of the apparel and footwear maker's stock valued at $10,163,000 after acquiring an additional 128,774 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Zumiez by 42.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 416,274 shares of the apparel and footwear maker's stock worth $8,867,000 after purchasing an additional 123,047 shares during the period. AQR Capital Management LLC raised its stake in shares of Zumiez by 261.0% in the 2nd quarter. AQR Capital Management LLC now owns 148,095 shares of the apparel and footwear maker's stock valued at $2,885,000 after purchasing an additional 107,073 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Zumiez by 225.4% in the third quarter. Jane Street Group LLC now owns 151,424 shares of the apparel and footwear maker's stock valued at $3,225,000 after purchasing an additional 104,892 shares in the last quarter. 95.45% of the stock is owned by institutional investors.

Zumiez Price Performance

Shares of NASDAQ ZUMZ traded down $0.76 during mid-day trading on Friday, hitting $19.76. The company had a trading volume of 296,674 shares, compared to its average volume of 294,698. The firm has a 50-day simple moving average of $21.83 and a two-hundred day simple moving average of $22.27. Zumiez Inc. has a one year low of $12.90 and a one year high of $31.37.

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related 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 value of $71,733.55. Following the completion of the sale, the director now directly owns 15,002 shares of the company's stock, valued at $327,793.70. This represents a 17.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.