Acadian Asset Management LLC Has $8.75 Million Stock Position in Zumiez Inc. $ZUMZ

Key Points

• Acadian Asset Management LLC increased its stake in Zumiez Inc. by 2.6%, acquiring an additional 14,703 shares to own a total of 587,816 shares valued at $8.75 million.
• Institutional investors currently hold 95.45% of Zumiez's stock, with notable recent investments from several firms including Point72 Asia and GAMMA Investing.
• Analysts have set a new average price target of $18.00 for Zumiez, with B. Riley recently raising its target from $14 to $18, reflecting a shift in sentiment towards the stock.

Acadian Asset Management LLC grew its stake in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 587,816 shares of the apparel and footwear maker's stock after purchasing an additional 14,703 shares during the period. Acadian Asset Management LLC owned approximately 3.00% of Zumiez worth $8,750,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zumiez in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC grew its stake in shares of Zumiez by 6,451.4% in the 1st quarter. GAMMA Investing LLC now owns 2,293 shares of the apparel and footwear maker's stock valued at $34,000 after purchasing an additional 2,258 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Zumiez in the 4th quarter valued at approximately $140,000. Magnetar Financial LLC bought a new stake in shares of Zumiez in the 1st quarter valued at approximately $173,000. Finally, Caxton Associates LLP bought a new stake in shares of Zumiez in the 1st quarter valued at approximately $176,000. 95.45% of the stock is currently owned by institutional investors.

Zumiez Stock Up 2.9%

NASDAQ:ZUMZ traded up $0.59 during trading hours on Thursday, hitting $21.10. 77,134 shares of the stock were exchanged, compared to its average volume of 276,384. The company's 50 day moving average is $16.17 and its two-hundred day moving average is $14.16. Zumiez Inc. has a twelve month low of $11.31 and a twelve month high of $24.37. The company has a market capitalization of $361.78 million, a P/E ratio of -2,107.39 and a beta of 0.96.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The apparel and footwear maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.05. Zumiez had a return on equity of 0.19% and a net margin of 0.06%.The firm had revenue of $214.28 million for the quarter, compared to the consensus estimate of $210.53 million. During the same quarter in the prior year, the business earned ($0.04) EPS. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. Zumiez has set its Q3 2025 guidance at 0.190-0.290 EPS. On average, equities research analysts expect that Zumiez Inc. will post -0.12 EPS for the current year.

Zumiez declared that its board has authorized a share buyback plan on Thursday, June 5th that authorizes the company to repurchase $15.00 million in outstanding shares. This repurchase authorization authorizes the apparel and footwear maker to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

ZUMZ has been the topic of several analyst reports. B. Riley upped their price objective on Zumiez from $14.00 to $18.00 and gave the company a "neutral" rating in a research note on Friday, September 5th. Zacks Research upgraded Zumiez from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 3rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Zumiez presently has an average rating of "Hold" and a consensus price target of $18.00.

Insider Transactions at Zumiez

In other Zumiez news, Director Liliana Gil Valletta sold 6,600 shares of the company's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $12.82, for a total transaction of $84,612.00. Following the transaction, the director owned 10,809 shares of the company's stock, valued at approximately $138,571.38. This represents a 37.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 21.20% of the company's stock.

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.