Olympiad Research LP Invests $488,000 in Zumiez Inc. (NASDAQ:ZUMZ)

Olympiad Research LP purchased a new position in shares of Zumiez Inc. (NASDAQ:ZUMZ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 22,915 shares of the apparel and footwear maker’s stock, valued at approximately $488,000. Olympiad Research LP owned approximately 0.12% of Zumiez as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ZUMZ. Quantbot Technologies LP acquired a new position in Zumiez in the first quarter valued at $196,000. Empowered Funds LLC boosted its stake in shares of Zumiez by 8.0% during the first quarter. Empowered Funds LLC now owns 73,281 shares of the apparel and footwear maker’s stock worth $1,113,000 after buying an additional 5,425 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Zumiez by 9.8% during the first quarter. Russell Investments Group Ltd. now owns 26,815 shares of the apparel and footwear maker’s stock worth $407,000 after buying an additional 2,390 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Zumiez by 11.8% during the first quarter. First Eagle Investment Management LLC now owns 470,743 shares of the apparel and footwear maker’s stock worth $7,151,000 after buying an additional 49,700 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Zumiez by 2.3% during the first quarter. Vanguard Group Inc. now owns 901,774 shares of the apparel and footwear maker’s stock worth $13,698,000 after buying an additional 20,099 shares during the period. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Wall Street Analysts Forecast Growth

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 research note on Friday, September 6th.

Zumiez Trading Up 6.5 %

Shares of Zumiez stock opened at $22.09 on Thursday. The company has a 50-day moving average of $22.68 and a two-hundred day moving average of $21.49. 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 $422.82 million, a PE ratio of -8.03 and a beta of 1.24.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data 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 business had revenue of $210.18 million during the quarter, compared to analysts’ expectations of $201.93 million. During the same period last year, the company posted ($0.44) EPS. The company’s revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that Zumiez Inc. will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zumiez news, Director Liliana Gil Valletta sold 3,283 shares of Zumiez stock in a transaction that occurred on 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 approximately $327,793.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.30% of the stock is owned by corporate 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.