Royce & Associates LP Decreases Stake in Zumiez Inc. (NASDAQ:ZUMZ)

Royce & Associates LP lessened its holdings in Zumiez Inc. (NASDAQ:ZUMZ) by 2.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 178,000 shares of the apparel and footwear maker’s stock after selling 4,000 shares during the quarter. Royce & Associates LP’s holdings in Zumiez were worth $3,791,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of ZUMZ. Signaturefd LLC boosted its position in Zumiez by 83.2% in the second quarter. Signaturefd LLC now owns 1,480 shares of the apparel and footwear maker’s stock worth $29,000 after purchasing an additional 672 shares during the last quarter. CWM LLC increased its position in shares of Zumiez by 2,090.1% during the 2nd quarter. CWM LLC now owns 1,993 shares of the apparel and footwear maker’s stock valued at $39,000 after purchasing an additional 1,902 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Zumiez during the 2nd quarter worth $42,000. Ariadne Wealth Management LP purchased a new position in shares of Zumiez in the 2nd quarter worth about $54,000. Finally, US Bancorp DE boosted its holdings 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 worth $115,000 after buying an additional 5,381 shares during the last quarter. 95.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity at Zumiez

In other Zumiez 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 of the company’s stock, valued at $327,793.70. The trade was a 17.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 20.30% of the stock is currently owned by corporate insiders.

Zumiez Price Performance

Shares of NASDAQ ZUMZ opened at $21.28 on Tuesday. The stock has a market capitalization of $407.30 million, a PE ratio of -7.74 and a beta of 1.24. Zumiez Inc. has a one year low of $12.90 and a one year high of $31.37. The business’s fifty day moving average price is $21.95 and its 200-day moving average price is $21.81.

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