First Eagle Investment Management LLC Trims Position in Zumiez Inc. (NASDAQ:ZUMZ)

First Eagle Investment Management LLC reduced its stake in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 10.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 420,021 shares of the apparel and footwear maker's stock after selling 50,722 shares during the quarter. First Eagle Investment Management LLC owned approximately 2.07% of Zumiez worth $8,182,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Signaturefd LLC lifted its position 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 in the last quarter. CWM LLC lifted 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 worth $39,000 after buying an additional 1,902 shares in the last quarter. Harvest Investment Services LLC purchased a new position in shares of Zumiez in the 4th quarter worth approximately $262,000. Quantbot Technologies LP bought a new position in shares of Zumiez in the first quarter valued at approximately $196,000. Finally, EntryPoint Capital LLC bought a new position in shares of Zumiez in the first quarter valued at approximately $198,000. 95.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ZUMZ has been the topic of several research analyst reports. Jefferies Financial Group boosted their price objective on Zumiez from $14.00 to $19.00 and gave the stock a "hold" rating in a research report on Friday, June 7th. B. Riley lifted their target price on Zumiez from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th.

Zumiez Trading Up 1.0 %

NASDAQ:ZUMZ opened at $23.56 on Friday. Zumiez Inc. has a 12 month low of $12.90 and a 12 month high of $31.37. The firm's 50 day moving average is $24.90 and its 200 day moving average is $19.81. The stock has a market capitalization of $477.66 million, a PE ratio of -7.48 and a beta of 1.25.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last issued its earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.29. The firm had revenue of $210.18 million for the quarter, compared to analyst estimates of $201.93 million. Zumiez had a negative return on equity of 3.52% and a negative net margin of 6.02%. The business's revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.44) earnings per share. Research analysts predict that Zumiez Inc. will post 0.08 earnings per share for the current 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.