BNP Paribas Financial Markets Has $1.20 Million Stock Position in Zumiez Inc. (NASDAQ:ZUMZ)

BNP Paribas Financial Markets boosted its position in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 1,795.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,529 shares of the apparel and footwear maker’s stock after purchasing an additional 53,546 shares during the quarter. BNP Paribas Financial Markets owned about 0.30% of Zumiez worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 20,099 shares during the period. Quest Partners LLC bought a new position in shares of Zumiez during the third quarter worth $847,000. AQR Capital Management LLC boosted its position in shares of Zumiez by 261.0% during the second quarter. AQR Capital Management LLC now owns 148,095 shares of the apparel and footwear maker’s stock worth $2,885,000 after purchasing an additional 107,073 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Zumiez in the 3rd quarter valued at $893,000. Finally, US Bancorp DE increased its position in shares of Zumiez by 67,262.5% in the 3rd quarter. US Bancorp DE now owns 5,389 shares of the apparel and footwear maker’s stock valued at $115,000 after buying an additional 5,381 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zumiez

In other news, Director Liliana Gil Valletta sold 3,283 shares of Zumiez stock in a transaction on Friday, September 27th. The shares were sold at an average price of $21.85, for a total value of $71,733.55. Following the completion of the sale, the director now owns 15,002 shares in the company, valued at $327,793.70. The trade was a 17.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 20.30% of the company’s stock.

Wall Street Analyst Weigh In

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

Zumiez Price Performance

ZUMZ stock opened at $21.70 on Tuesday. Zumiez Inc. has a fifty-two week low of $12.90 and a fifty-two week high of $31.37. The stock has a market capitalization of $415.36 million, a price-to-earnings ratio of -8.44 and a beta of 1.25. The business’s fifty day moving average price is $21.85 and its two-hundred day moving average price is $22.26.

Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. The company had revenue of $222.50 million for the quarter, compared to analyst estimates of $222.06 million. During the same period in the prior year, the firm posted ($0.12) EPS. Zumiez’s quarterly revenue was up 2.9% on a year-over-year basis. Research analysts expect that Zumiez Inc. will post 0.06 EPS for the current year.

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.