Jacobs Levy Equity Management Inc. Has $3.59 Million Stake in Zumiez Inc. (NASDAQ:ZUMZ)

Jacobs Levy Equity Management Inc. boosted its holdings in Zumiez Inc. (NASDAQ:ZUMZ) by 17.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 236,158 shares of the apparel and footwear maker’s stock after purchasing an additional 34,638 shares during the period. Jacobs Levy Equity Management Inc. owned about 1.16% of Zumiez worth $3,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GSA Capital Partners LLP grew its holdings in shares of Zumiez by 183.8% in the 4th quarter. GSA Capital Partners LLP now owns 116,914 shares of the apparel and footwear maker’s stock valued at $2,378,000 after acquiring an additional 75,717 shares in the last quarter. First Eagle Investment Management LLC grew its stake in Zumiez by 11.8% in the first quarter. First Eagle Investment Management LLC now owns 470,743 shares of the apparel and footwear maker’s stock valued at $7,151,000 after purchasing an additional 49,700 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Zumiez by 24.7% during the 1st quarter. Acadian Asset Management LLC now owns 65,726 shares of the apparel and footwear maker’s stock worth $997,000 after purchasing an additional 13,031 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Zumiez by 159.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 91,980 shares of the apparel and footwear maker’s stock worth $1,397,000 after purchasing an additional 56,495 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Zumiez by 7.8% during the 4th quarter. Victory Capital Management Inc. now owns 33,055 shares of the apparel and footwear maker’s stock worth $672,000 after purchasing an additional 2,398 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Zumiez Price Performance

Shares of Zumiez stock traded up $0.16 on Wednesday, hitting $25.52. The stock had a trading volume of 101,691 shares, compared to its average volume of 229,526. Zumiez Inc. has a twelve month low of $12.90 and a twelve month high of $25.59. The business’s 50 day moving average is $20.05 and its two-hundred day moving average is $17.83.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, June 6th. The apparel and footwear maker reported ($0.86) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.14) by $0.28. The business had revenue of $177.39 million during the quarter, compared to analysts’ expectations of $171.58 million. Zumiez had a negative return on equity of 5.47% and a negative net margin of 7.01%. Equities research analysts expect that Zumiez Inc. will post -0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. B. Riley boosted their price objective on shares of Zumiez from $16.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, June 7th. Jefferies Financial Group lifted their target price on Zumiez from $14.00 to $19.00 and gave the stock a “hold” rating in a research note on Friday, June 7th. Finally, StockNews.com upgraded Zumiez from a “sell” rating to a “hold” rating in a research note on Friday, April 12th.

Zumiez Company Profile

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.