GSA Capital Partners LLP Sells 17,645 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

GSA Capital Partners LLP trimmed its holdings in Zumiez Inc. (NASDAQ:ZUMZ) by 13.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,955 shares of the apparel and footwear maker’s stock after selling 17,645 shares during the period. GSA Capital Partners LLP owned 0.57% of Zumiez worth $2,321,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC lifted its holdings in Zumiez by 83.2% in the 2nd quarter. Signaturefd LLC now owns 1,480 shares of the apparel and footwear maker’s stock worth $29,000 after purchasing an additional 672 shares during the last quarter. CWM LLC lifted its stake in shares of Zumiez by 2,090.1% in the second quarter. CWM LLC now owns 1,993 shares of the apparel and footwear maker’s stock worth $39,000 after buying an additional 1,902 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Zumiez during the 2nd quarter worth $42,000. Ariadne Wealth Management LP acquired a new position in Zumiez in the 2nd quarter valued at $54,000. Finally, US Bancorp DE raised its holdings in Zumiez by 67,262.5% in the 3rd quarter. US Bancorp DE now owns 5,389 shares of the apparel and footwear maker’s stock worth $115,000 after acquiring an additional 5,381 shares during the period. Institutional investors and hedge funds own 95.45% of the company’s stock.

Insider Activity

In other news, Director Liliana Gil Valletta sold 3,283 shares of the stock in a transaction 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 transaction, the director now owns 15,002 shares in the company, valued at approximately $327,793.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 20.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Zumiez Stock Up 0.9 %

Shares of ZUMZ stock opened at $22.29 on Tuesday. Zumiez Inc. has a 12 month low of $12.90 and a 12 month high of $31.37. The firm has a market cap of $426.65 million, a PE ratio of -8.11 and a beta of 1.24. The stock has a 50 day moving average of $22.34 and a 200-day moving average of $21.63.

Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) EPS for the quarter, beating the consensus estimate 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 firm had revenue of $210.18 million during the quarter, compared to analysts’ expectations of $201.93 million. During the same period in the prior year, the company earned ($0.44) EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts predict that Zumiez Inc. will post 0.08 EPS for the current fiscal year.

About Zumiez

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.