First Eagle Investment Management LLC Sells 50,722 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

First Eagle Investment Management LLC lessened its holdings in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 10.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Zumiez by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,605,551 shares of the apparel and footwear maker’s stock worth $32,657,000 after purchasing an additional 49,581 shares during the last quarter. Vanguard Group Inc. increased its position in Zumiez by 2.3% during the first quarter. Vanguard Group Inc. now owns 901,774 shares of the apparel and footwear maker’s stock worth $13,698,000 after buying an additional 20,099 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Zumiez by 9.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 457,780 shares of the apparel and footwear maker’s stock worth $9,311,000 after buying an additional 39,470 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Zumiez by 17.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 236,158 shares of the apparel and footwear maker’s stock valued at $3,587,000 after buying an additional 34,638 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Zumiez by 225.2% in the second quarter. Acadian Asset Management LLC now owns 213,722 shares of the apparel and footwear maker’s stock worth $4,161,000 after buying an additional 147,996 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

Zumiez Stock Performance

NASDAQ ZUMZ opened at $23.56 on Friday. The stock has a 50-day simple moving average of $24.90 and a 200 day simple moving average of $19.81. Zumiez Inc. has a twelve month low of $12.90 and a twelve month high of $31.37. 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) last issued its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) EPS for the quarter, topping 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 company had revenue of $210.18 million during the quarter, compared to analyst estimates of $201.93 million. During the same period in the previous year, the company earned ($0.44) earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts forecast that Zumiez Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ZUMZ shares. B. Riley increased their price objective on Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Jefferies Financial Group upped their target price on Zumiez from $14.00 to $19.00 and gave the stock a “hold” rating in a research report on Friday, June 7th.

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.