Victory Capital Management Inc. Has $586,000 Position in Zumiez Inc. (NASDAQ:ZUMZ)

Victory Capital Management Inc. reduced its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,491 shares of the apparel and footwear maker’s stock after selling 2,680 shares during the quarter. Victory Capital Management Inc. owned 0.14% of Zumiez worth $586,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ZUMZ. Acadian Asset Management LLC grew its holdings in shares of Zumiez by 225.2% during 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 purchasing an additional 147,996 shares during the last quarter. AQR Capital Management LLC lifted its position in Zumiez by 261.0% during the 2nd quarter. AQR Capital Management LLC now owns 148,095 shares of the apparel and footwear maker’s stock worth $2,885,000 after buying an additional 107,073 shares in the last quarter. Marshall Wace LLP grew its holdings in Zumiez by 641.2% during the 2nd quarter. Marshall Wace LLP now owns 120,814 shares of the apparel and footwear maker’s stock worth $2,353,000 after acquiring an additional 104,514 shares during the last quarter. Bank of Montreal Can acquired a new stake in Zumiez in the 2nd quarter valued at about $1,979,000. Finally, Renaissance Technologies LLC raised its stake in shares of Zumiez by 68.1% in the second quarter. Renaissance Technologies LLC now owns 113,997 shares of the apparel and footwear maker’s stock worth $2,221,000 after acquiring an additional 46,197 shares during the last quarter. 95.45% of the stock is owned by institutional investors.

Insider Transactions at Zumiez

In other Zumiez news, Director Liliana Gil Valletta sold 3,283 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $21.85, for a total value of $71,733.55. Following the transaction, the director now directly owns 15,002 shares in the company, valued at $327,793.70. The trade was a 17.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 20.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Zumiez Stock Performance

Shares of ZUMZ stock opened at $22.94 on Friday. Zumiez Inc. has a 52 week low of $12.90 and a 52 week high of $31.37. The company’s 50 day moving average price is $21.83 and its two-hundred day moving average price is $22.00. The company has a market capitalization of $439.09 million, a P/E ratio of -8.34 and a beta of 1.24.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share (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 business had revenue of $210.18 million during the quarter, compared to the consensus estimate of $201.93 million. During the same period last year, the company earned ($0.44) earnings per share. Zumiez’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts forecast 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.