Charles Schwab Investment Management Inc. lessened its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 21.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 327,580 shares of the apparel and footwear maker's stock after selling 91,186 shares during the period. Charles Schwab Investment Management Inc. owned about 1.71% of Zumiez worth $6,977,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the business. Signaturefd LLC lifted its holdings in shares of Zumiez by 83.2% in 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 in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Zumiez by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 42,116 shares of the apparel and footwear maker's stock worth $820,000 after acquiring an additional 788 shares in the last quarter. CWM LLC raised 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 acquiring an additional 1,387 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Zumiez by 7.4% during the second quarter. Rhumbline Advisers now owns 27,550 shares of the apparel and footwear maker's stock worth $537,000 after acquiring an additional 1,898 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new stake in shares of Zumiez during the second quarter worth $42,000. Hedge funds and other institutional investors own 95.45% of the company's stock.
Zumiez Trading Down 6.0 %
Zumiez stock traded down $1.31 during mid-day trading on Thursday, hitting $20.46. 199,304 shares of the company's stock were exchanged, compared to its average volume of 259,834. Zumiez Inc. has a 1-year low of $12.90 and a 1-year high of $31.37. The stock has a 50 day moving average of $21.90 and a two-hundred day moving average of $22.27.
Zumiez (NASDAQ:ZUMZ - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $222.50 million for the quarter, compared to the consensus estimate of $222.06 million. Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. The firm's revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted ($0.12) earnings per share. On average, analysts forecast that Zumiez Inc. will post 0.01 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Liliana Gil Valletta sold 3,283 shares of the stock in a transaction dated 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 approximately $327,793.70. This trade represents a 17.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.30% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Separately, B. Riley increased their price objective on Zumiez from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, September 6th.
Check Out Our Latest Stock Analysis on Zumiez
Zumiez Profile
(
Free Report)
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.
Further Reading
Before you consider Zumiez, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zumiez wasn't on the list.
While Zumiez currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
