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XTX Topco Ltd Buys Shares of 31,515 Zumiez Inc. (NASDAQ:ZUMZ)

Zumiez logo with Retail/Wholesale background

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.
  • Looking to Export and Analyze Zumiez Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

XTX Topco Ltd acquired a new stake in shares of 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 firm acquired 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 institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP grew its position in shares of Zumiez by 50.8% during the first quarter. GSA Capital Partners LLP now owns 139,889 shares of the apparel and footwear maker's stock valued at $2,083,000 after purchasing an additional 47,105 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Zumiez by 2.5% during the first quarter. Bank of New York Mellon Corp now owns 51,383 shares of the apparel and footwear maker's stock valued at $765,000 after purchasing an additional 1,257 shares in the last quarter. GAMMA Investing LLC grew its position in shares of 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 valued at $34,000 after purchasing an additional 2,258 shares in the last quarter. State of Wyoming grew its position in Zumiez by 52.5% in the fourth quarter. State of Wyoming now owns 10,067 shares of the apparel and footwear maker's stock worth $193,000 after acquiring an additional 3,464 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Zumiez in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 95.45% of the company's stock.

Insider Buying and Selling

In related news, Director Liliana Gil Valletta sold 6,600 shares of Zumiez stock in a transaction dated Thursday, June 26th. The stock was 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 in the company, valued at approximately $138,571.38. This trade represents a 37.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 21.20% of the company's stock.

Zumiez Stock Down 0.9%

ZUMZ traded down $0.13 on Friday, hitting $14.58. The company had a trading volume of 116,951 shares, compared to its average volume of 176,872. The company has a market cap of $259.09 million, a PE ratio of 1,459.46 and a beta of 0.97. Zumiez Inc. has a 12-month low of $11.31 and a 12-month high of $31.37. The business's fifty day simple moving average is $13.40 and its 200 day simple moving average is $13.69.

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

Zumiez declared that its Board of Directors has initiated a stock buyback plan on Thursday, June 5th that allows the company to buyback $15.00 million in shares. This buyback authorization allows the apparel and footwear maker to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

About Zumiez

(Free Report)

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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Institutional Ownership by Quarter for Zumiez (NASDAQ:ZUMZ)

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