Acadian Asset Management LLC Acquires 14,703 Shares of 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 lifted its holdings in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 587,816 shares of the apparel and footwear maker's stock after purchasing an additional 14,703 shares during the quarter. Acadian Asset Management LLC owned 3.00% of Zumiez worth $8,750,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ZUMZ. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zumiez in the fourth quarter worth $29,000. GAMMA Investing LLC increased its holdings in Zumiez by 6,451.4% during the first quarter. GAMMA Investing LLC now owns 2,293 shares of the apparel and footwear maker's stock worth $34,000 after buying an additional 2,258 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Zumiez during the fourth quarter worth $140,000. Magnetar Financial LLC acquired a new position in Zumiez during the first quarter worth $173,000. Finally, Caxton Associates LLP acquired a new position in Zumiez during the first quarter worth $176,000. Institutional investors own 95.45% of the company's stock.

Insider Activity 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 shares were sold at an average price of $12.82, for a total value of $84,612.00. Following the transaction, the director directly owned 10,809 shares in the company, valued at $138,571.38. The trade was a 37.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 21.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ZUMZ. B. Riley boosted their target price on shares of Zumiez from $14.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, September 5th. Zacks Research upgraded shares of Zumiez from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 3rd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $18.00.

Zumiez Trading Down 4.1%

Shares of ZUMZ opened at $20.22 on Friday. The company has a market cap of $346.77 million, a price-to-earnings ratio of -2,019.98 and a beta of 0.96. Zumiez Inc. has a 1-year low of $11.31 and a 1-year high of $24.67. The company's fifty day simple moving average is $15.79 and its 200 day simple moving average is $14.04.

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

Zumiez declared that its board has approved a stock 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 purchase up to 6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

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.

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