Assenagon Asset Management S.A. decreased its holdings in shares of Zumiez Inc. (NASDAQ:ZUMZ – Free Report) by 74.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,485 shares of the apparel and footwear maker’s stock after selling 100,825 shares during the period. Assenagon Asset Management S.A.’s holdings in Zumiez were worth $722,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in ZUMZ. Raymond James & Associates increased its stake in shares of Zumiez by 17.5% during the first quarter. Raymond James & Associates now owns 9,403 shares of the apparel and footwear maker’s stock valued at $359,000 after purchasing an additional 1,400 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Zumiez by 54.6% during the first quarter. MetLife Investment Management LLC now owns 11,362 shares of the apparel and footwear maker’s stock valued at $434,000 after purchasing an additional 4,012 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Zumiez by 4.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,838 shares of the apparel and footwear maker’s stock valued at $643,000 after purchasing an additional 672 shares in the last quarter. Aviva PLC bought a new position in shares of Zumiez during the first quarter valued at approximately $2,038,000. Finally, Ergoteles LLC bought a new position in shares of Zumiez during the first quarter valued at approximately $791,000. Institutional investors own 95.45% of the company’s stock.
Shares of ZUMZ opened at $14.21 on Friday. The company has a market capitalization of $281.78 million, a P/E ratio of -4.37 and a beta of 1.46. The firm has a 50 day moving average of $16.37 and a 200 day moving average of $17.43. Zumiez Inc. has a twelve month low of $12.90 and a twelve month high of $21.49.
ZUMZ has been the subject of a number of analyst reports. B. Riley decreased their target price on shares of Zumiez from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, March 20th. StockNews.com downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Thursday.
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.
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