XTX Topco Ltd Makes New $469,000 Investment in Zumiez Inc. (NASDAQ:ZUMZ)

Key Points

• XTX Topco Ltd has acquired a new stake in Zumiez Inc., purchasing 31,515 shares valued at approximately $469,000 in the first quarter.
• Institutional investors collectively own 95.45% of Zumiez shares, with several hedge funds increasing their stakes during the fourth quarter.
• Zumiez recently reported a quarterly earnings loss of ($0.79) per share, missing consensus estimates, despite a 3.9% year-over-year revenue increase to $184.34 million.

XTX Topco Ltd purchased a new position in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,515 shares of the apparel and footwear maker's stock, valued at approximately $469,000. XTX Topco Ltd owned approximately 0.16% of Zumiez as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GSA Capital Partners LLP increased its position in Zumiez by 50.8% in the first quarter. GSA Capital Partners LLP now owns 139,889 shares of the apparel and footwear maker's stock worth $2,083,000 after buying an additional 47,105 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Zumiez by 2.5% in the 1st quarter. Bank of New York Mellon Corp now owns 51,383 shares of the apparel and footwear maker's stock worth $765,000 after buying an additional 1,257 shares in the last quarter. GAMMA Investing LLC increased its stake in 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 worth $34,000 after buying an additional 2,258 shares in the last quarter. State of Wyoming increased its stake in Zumiez by 52.5% in the 4th quarter. State of Wyoming now owns 10,067 shares of the apparel and footwear maker's stock worth $193,000 after buying an additional 3,464 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zumiez in the 4th quarter worth $29,000. Hedge funds and other institutional investors own 95.45% of the company's stock.

Zumiez Stock Up 6.2%

ZUMZ stock traded up $0.88 during trading on Tuesday, reaching $15.05. The company's stock had a trading volume of 35,158 shares, compared to its average volume of 280,997. Zumiez Inc. has a 1 year low of $11.31 and a 1 year high of $31.37. The company has a market capitalization of $267.35 million, a P/E ratio of 1,504.80 and a beta of 0.97. The company's fifty day moving average is $13.44 and its 200-day moving average is $13.66.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The apparel and footwear maker reported ($0.79) EPS for the quarter, missing analysts' consensus estimates of ($0.77) by ($0.02). Zumiez had a net margin of 0.08% and a return on equity of 0.23%. The firm had revenue of $184.34 million for the quarter, compared to the consensus estimate of $182.23 million. During the same period in the previous year, the company posted ($0.86) earnings per share. Zumiez's quarterly revenue was up 3.9% on a year-over-year basis. Analysts anticipate that Zumiez Inc. will post -0.12 earnings per share for the current year.

Zumiez declared that its Board of Directors has approved a share buyback plan on Thursday, June 5th that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the apparel and footwear maker to buy up to 6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Insider Activity at Zumiez

In related news, Director Liliana Gil Valletta sold 6,600 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $12.82, for a total value of $84,612.00. Following the completion of the transaction, the director owned 10,809 shares of the company's stock, valued at approximately $138,571.38. This trade represents a 37.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.