Assenagon Asset Management S.A. Sells 68,168 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Assenagon Asset Management S.A. decreased its position in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 79.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,034 shares of the apparel and footwear maker's stock after selling 68,168 shares during the period. Assenagon Asset Management S.A. owned approximately 0.09% of Zumiez worth $384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC grew its holdings 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 buying an additional 672 shares during the last quarter. CWM LLC boosted its stake in 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 in the 2nd quarter worth $42,000. Ariadne Wealth Management LP bought a new stake in shares of Zumiez in the 2nd quarter worth $54,000. Finally, Quantbot Technologies LP purchased a new position in shares of Zumiez in the first quarter worth $196,000. 95.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley lifted their price target on shares of Zumiez from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th.

Zumiez Stock Performance

Shares of ZUMZ stock traded up $0.15 on Monday, reaching $19.70. The stock had a trading volume of 306,471 shares, compared to its average volume of 258,327. Zumiez Inc. has a 1 year low of $12.90 and a 1 year high of $31.37. The stock has a market cap of $377.08 million, a P/E ratio of -7.16 and a beta of 1.24. The company has a 50 day simple moving average of $23.13 and a 200 day simple moving average of $21.41.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $201.93 million. During the same period in the previous year, the company posted ($0.44) EPS. The business's quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts anticipate that Zumiez Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at Zumiez

In other Zumiez news, Director Liliana Gil Valletta sold 3,283 shares of the business's stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $21.85, for a total transaction of $71,733.55. Following the completion of the sale, the director now owns 15,002 shares of the company's stock, valued at approximately $327,793.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 20.30% of the stock is currently owned by company insiders.

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.