Algert Global LLC Trims Stock Position in Zumiez Inc. (NASDAQ:ZUMZ)

Algert Global LLC trimmed its holdings in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 81.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,831 shares of the apparel and footwear maker’s stock after selling 75,399 shares during the period. Algert Global LLC owned about 0.08% of Zumiez worth $328,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. GSA Capital Partners LLP increased its position in Zumiez by 183.8% during the fourth quarter. GSA Capital Partners LLP now owns 116,914 shares of the apparel and footwear maker’s stock worth $2,378,000 after buying an additional 75,717 shares in the last quarter. Quantbot Technologies LP acquired a new position in Zumiez in the 1st quarter valued at about $196,000. Empowered Funds LLC lifted its holdings in Zumiez by 8.0% in the 1st quarter. Empowered Funds LLC now owns 73,281 shares of the apparel and footwear maker’s stock valued at $1,113,000 after purchasing an additional 5,425 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Zumiez by 9.8% during the 1st quarter. Russell Investments Group Ltd. now owns 26,815 shares of the apparel and footwear maker’s stock worth $407,000 after purchasing an additional 2,390 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of Zumiez by 11.8% during the first quarter. First Eagle Investment Management LLC now owns 470,743 shares of the apparel and footwear maker’s stock worth $7,151,000 after buying an additional 49,700 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, B. Riley upped their price objective on shares of Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, September 6th.

Insiders Place Their Bets

In other news, Director Liliana Gil Valletta sold 3,283 shares of the business’s stock in a transaction on Friday, September 27th. The shares were 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 directly owns 15,002 shares of the company’s stock, valued at $327,793.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 20.30% of the stock is currently owned by insiders.

Zumiez Stock Up 0.8 %

Shares of NASDAQ:ZUMZ opened at $22.17 on Wednesday. The business has a fifty day simple moving average of $24.58 and a 200-day simple moving average of $20.49. Zumiez Inc. has a 52 week low of $12.90 and a 52 week high of $31.37. The company has a market cap of $424.33 million, a P/E ratio of -7.04 and a beta of 1.23.

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

Zumiez Company Profile

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.