Empowered Funds LLC bought a new stake in Zumiez Inc. (NASDAQ:ZUMZ – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 271,631 shares of the apparel and footwear maker’s stock, valued at approximately $4,835,000. Empowered Funds LLC owned 1.61% of Zumiez as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Advisory Services LLC purchased a new stake in shares of Zumiez during the 4th quarter valued at about $27,000. New York State Teachers Retirement System purchased a new position in shares of Zumiez in the first quarter worth approximately $27,000. Legal & General Group Plc bought a new stake in Zumiez during the second quarter valued at approximately $25,000. Quantbot Technologies LP bought a new stake in Zumiez during the second quarter valued at approximately $31,000. Finally, Quarry LP purchased a new stake in Zumiez during the third quarter valued at approximately $54,000. 95.45% of the stock is owned by hedge funds and other institutional investors.
Zumiez Stock Down 1.5%
ZUMZ stock opened at $17.90 on Tuesday. Zumiez Inc. has a twelve month low of $15.09 and a twelve month high of $31.70. The stock has a market cap of $301.97 million, a P/E ratio of 21.57 and a beta of 1.00. The business’s 50-day moving average price is $18.62 and its 200-day moving average price is $21.51.
Insider Buying and Selling at Zumiez
In other news, Director Liliana Gil Valletta sold 3,841 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $18.82, for a total value of $72,287.62. Following the completion of the sale, the director directly owned 7,123 shares of the company’s stock, valued at $134,054.86. This represents a 35.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 6,000 shares of company stock valued at $112,987 in the last three months. Corporate insiders own 24.30% of the company’s stock.
Wall Street Analysts Forecast Growth
ZUMZ has been the topic of several recent research reports. Weiss Ratings downgraded shares of Zumiez from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 18th. Wall Street Zen raised shares of Zumiez from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Zumiez has an average rating of “Reduce” and an average price target of $18.00.
Get Our Latest Analysis on ZUMZ
About Zumiez
Zumiez, Inc (NASDAQ: ZUMZ) is a specialty retailer offering apparel, footwear, accessories and hardgoods targeted at the action-sports lifestyle market. With a focus on skateboarding, snowboarding, BMX and streetwear, the company stocks a mix of leading third-party brands—such as Vans, Nike SB, DC Shoes and The North Face—alongside proprietary private-label merchandise. In addition to traditional fashion items, Zumiez stores carry hardware and equipment tailored to board sports, supporting both amateur and enthusiast consumers.
Originally founded in 1978 in Seattle, Washington, by Tom Campion, Gary Haakenson and Steve Brosvik, Zumiez opened its first branded retail location in 1988.
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