XTX Topco Ltd boosted its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ – Free Report) by 150.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 79,002 shares of the apparel and footwear maker’s stock after buying an additional 47,487 shares during the quarter. XTX Topco Ltd’s holdings in Zumiez were worth $1,048,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC lifted its position in shares of Zumiez by 29.8% during the 2nd quarter. Acadian Asset Management LLC now owns 762,932 shares of the apparel and footwear maker’s stock valued at $10,115,000 after acquiring an additional 175,116 shares during the period. Paradigm Capital Management Inc. NY bought a new position in shares of Zumiez in the first quarter valued at approximately $1,980,000. Landscape Capital Management L.L.C. purchased a new position in Zumiez during the 1st quarter worth $1,746,000. Nuveen LLC bought a new stake in Zumiez in the 1st quarter worth about $876,000. Finally, Allianz Asset Management GmbH purchased a new stake in shares of Zumiez during the second quarter valued at approximately $565,000. Institutional investors and hedge funds own 95.45% of the company’s stock.
Zumiez Trading Up 0.0%
ZUMZ stock opened at $25.96 on Monday. Zumiez Inc. has a 12-month low of $11.31 and a 12-month high of $26.05. The stock has a market capitalization of $445.32 million, a PE ratio of -2,593.41 and a beta of 1.06. The stock’s 50 day simple moving average is $21.64 and its 200 day simple moving average is $17.21.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on ZUMZ. Wall Street Zen upgraded Zumiez from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Zacks Research downgraded Zumiez from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Zumiez in a research report on Wednesday, October 8th. Finally, B. Riley lifted their price target on shares of Zumiez from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $18.00.
Check Out Our Latest Research Report on Zumiez
Insider Activity at Zumiez
In other Zumiez news, insider Chris K. Visser sold 5,618 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $20.09, for a total value of $112,865.62. Following the completion of the transaction, the insider directly owned 44,303 shares in the company, valued at $890,047.27. This represents a 11.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Liliana Gil Valletta sold 3,655 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $21.30, for a total value of $77,851.50. Following the transaction, the director owned 7,154 shares of the company’s stock, valued at approximately $152,380.20. The trade was a 33.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 21.20% of the stock is currently owned by company 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.
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