Ariadne Wealth Management LP Acquires Shares of 2,747 Zumiez Inc. (NASDAQ:ZUMZ)

Ariadne Wealth Management LP bought a new position in Zumiez Inc. (NASDAQ:ZUMZ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,747 shares of the apparel and footwear maker’s stock, valued at approximately $54,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 worth $13,698,000 after buying an additional 20,099 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Zumiez by 11.8% during the 1st quarter. First Eagle Investment Management LLC now owns 470,743 shares of the apparel and footwear maker’s stock worth $7,151,000 after buying an additional 49,700 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Zumiez by 17.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 236,158 shares of the apparel and footwear maker’s stock valued at $3,587,000 after buying an additional 34,638 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Zumiez by 225.2% during the second quarter. Acadian Asset Management LLC now owns 213,722 shares of the apparel and footwear maker’s stock valued at $4,161,000 after acquiring an additional 147,996 shares during the period. Finally, Tieton Capital Management LLC raised its holdings in Zumiez by 1.6% during the 2nd quarter. Tieton Capital Management LLC now owns 209,640 shares of the apparel and footwear maker’s stock worth $4,084,000 after purchasing an additional 3,240 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ZUMZ shares. B. Riley lifted their price target on shares of Zumiez from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Jefferies Financial Group raised their price objective on shares of Zumiez from $14.00 to $19.00 and gave the company a “hold” rating in a research note on Friday, June 7th.

Zumiez Trading Down 4.0 %

NASDAQ ZUMZ opened at $20.44 on Wednesday. Zumiez Inc. has a 12 month low of $12.90 and a 12 month high of $31.37. The stock has a 50-day simple moving average of $24.85 and a 200 day simple moving average of $20.23. The company has a market capitalization of $391.22 million, a PE ratio of -6.49 and a beta of 1.25.

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

Insiders Place Their Bets

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 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 20.30% of the company’s stock.

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.