Semanteon Capital Management LP Boosts Stock Holdings in Zumiez Inc. (NASDAQ:ZUMZ)

Semanteon Capital Management LP grew its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 104.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,783 shares of the apparel and footwear maker’s stock after buying an additional 23,388 shares during the quarter. Semanteon Capital Management LP owned 0.24% of Zumiez worth $975,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Signaturefd LLC boosted its stake in shares of Zumiez by 83.2% during the second quarter. Signaturefd LLC now owns 1,480 shares of the apparel and footwear maker’s stock valued at $29,000 after purchasing an additional 672 shares during the period. SummerHaven Investment Management LLC increased its position in shares of Zumiez by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 42,116 shares of the apparel and footwear maker’s stock valued at $820,000 after acquiring an additional 788 shares during the period. CWM LLC boosted its holdings in shares of Zumiez by 69.6% during the third quarter. CWM LLC now owns 3,380 shares of the apparel and footwear maker’s stock worth $72,000 after purchasing an additional 1,387 shares during the period. Rhumbline Advisers grew its stake in shares of Zumiez by 7.4% in the second quarter. Rhumbline Advisers now owns 27,550 shares of the apparel and footwear maker’s stock worth $537,000 after purchasing an additional 1,898 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in Zumiez during the 2nd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Insider Buying and Selling

In other news, Director Liliana Gil Valletta sold 3,283 shares of the business’s 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 sale, the director now owns 15,002 shares in the company, valued at approximately $327,793.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 20.30% of the stock is owned by insiders.

Zumiez Trading Up 0.6 %

Shares of ZUMZ traded up $0.12 during trading hours on Monday, reaching $21.72. 4,306 shares of the company traded hands, compared to its average volume of 256,706. Zumiez Inc. has a 12 month low of $12.90 and a 12 month high of $31.37. The company’s fifty day moving average price is $23.83 and its two-hundred day moving average price is $21.18.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $210.18 million for the quarter, compared to analysts’ expectations of $201.93 million. During the same period in the previous year, the firm posted ($0.44) EPS. The business’s revenue was up 8.1% on a year-over-year basis. Sell-side analysts anticipate that Zumiez Inc. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley lifted their price objective on Zumiez from $20.00 to $25.00 and gave the stock 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.