Zumiez Inc. (NASDAQ:ZUMZ) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 190.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,845 shares of the apparel and footwear maker’s stock after purchasing an additional 21,539 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Zumiez were worth $700,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in Zumiez by 9.8% in the 1st quarter. Russell Investments Group Ltd. now owns 26,815 shares of the apparel and footwear maker’s stock valued at $407,000 after purchasing an additional 2,390 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Zumiez by 2.3% during the first quarter. Vanguard Group Inc. now owns 901,774 shares of the apparel and footwear maker’s stock valued at $13,698,000 after buying an additional 20,099 shares during the period. CWM LLC boosted its position in Zumiez by 2,090.1% during the second quarter. CWM LLC now owns 1,993 shares of the apparel and footwear maker’s stock worth $39,000 after acquiring an additional 1,902 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in Zumiez by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 42,116 shares of the apparel and footwear maker’s stock worth $820,000 after acquiring an additional 788 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Zumiez by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 64,916 shares of the apparel and footwear maker’s stock valued at $1,265,000 after acquiring an additional 7,431 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Insiders Place Their Bets

In other Zumiez news, Director Liliana Gil Valletta sold 3,283 shares of Zumiez stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $21.85, for a total transaction of $71,733.55. Following the transaction, the director now directly owns 15,002 shares of the company’s stock, valued at $327,793.70. The trade was a 17.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 20.30% of the stock is currently owned by insiders.

Zumiez Stock Performance

Zumiez stock opened at $22.94 on Friday. Zumiez Inc. has a 1 year low of $12.90 and a 1 year high of $31.37. The firm has a 50 day moving average price of $21.83 and a 200 day moving average price of $22.00. The company has a market cap of $439.09 million, a price-to-earnings ratio of -8.34 and a beta of 1.24.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.29. The company had revenue of $210.18 million during the quarter, compared to analysts’ expectations of $201.93 million. Zumiez had a negative net margin of 6.02% and a negative return on equity of 3.52%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.44) EPS. Sell-side analysts predict that Zumiez Inc. will post 0.08 EPS for the current year.

Analysts Set New Price Targets

Separately, B. Riley lifted their price objective on Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, September 6th.

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.