Point72 DIFC Ltd Makes New Investment in Zumiez Inc. (NASDAQ:ZUMZ)

Point72 DIFC Ltd bought a new stake in Zumiez Inc. (NASDAQ:ZUMZ) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,148 shares of the apparel and footwear maker’s stock, valued at approximately $110,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Acadian Asset Management LLC lifted its stake 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 buying an additional 147,996 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Zumiez by 42.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 416,274 shares of the apparel and footwear maker’s stock valued at $8,867,000 after acquiring an additional 123,047 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Zumiez by 261.0% in the second quarter. AQR Capital Management LLC now owns 148,095 shares of the apparel and footwear maker’s stock valued at $2,885,000 after acquiring an additional 107,073 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Zumiez by 641.2% in the second quarter. Marshall Wace LLP now owns 120,814 shares of the apparel and footwear maker’s stock worth $2,353,000 after acquiring an additional 104,514 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Zumiez during the second quarter worth approximately $1,979,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their price objective on Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, September 6th.

Zumiez Trading Up 10.8 %

Shares of NASDAQ ZUMZ opened at $22.34 on Monday. The company has a 50-day moving average of $21.84 and a 200 day moving average of $22.23. Zumiez Inc. has a 12-month low of $12.90 and a 12-month high of $31.37. The stock has a market cap of $427.59 million, a PE ratio of -8.69 and a beta of 1.25.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $222.06 million. Zumiez had a negative return on equity of 2.63% and a negative net margin of 5.60%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.12) earnings per share. On average, sell-side analysts forecast that Zumiez Inc. will post 0.06 EPS for the current fiscal year.

Insider Transactions at Zumiez

In related news, Director Liliana Gil Valletta sold 3,283 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were 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 directly owns 15,002 shares in the company, valued at approximately $327,793.70. This trade represents a 17.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.30% of the company’s stock.

Zumiez 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.