Public Employees Retirement Association of Colorado Reduces Stock Holdings in Zumiez Inc. (NASDAQ:ZUMZ)

Public Employees Retirement Association of Colorado lessened its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 51.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,838 shares of the apparel and footwear maker’s stock after selling 3,051 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Zumiez were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZUMZ. Dimensional Fund Advisors LP lifted its stake in shares of Zumiez by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,605,551 shares of the apparel and footwear maker’s stock valued at $32,657,000 after purchasing an additional 49,581 shares in the last quarter. Vanguard Group Inc. grew its stake in Zumiez by 2.3% during the 1st 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. First Eagle Investment Management LLC grew its stake in Zumiez by 11.8% during the 1st 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 during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Zumiez by 17.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 236,158 shares of the apparel and footwear maker’s stock worth $3,587,000 after buying an additional 34,638 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in Zumiez by 225.2% during the 2nd 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. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Zumiez Price Performance

Shares of ZUMZ stock opened at $22.00 on Monday. Zumiez Inc. has a fifty-two week low of $12.90 and a fifty-two week high of $31.37. The stock’s 50-day moving average is $24.93 and its two-hundred day moving average is $20.14. The firm has a market cap of $446.03 million, a P/E ratio of -6.98 and a beta of 1.25.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, September 5th. The apparel and footwear maker reported ($0.04) earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $201.93 million. During the same period in the prior year, the firm posted ($0.44) EPS. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, research analysts expect that Zumiez Inc. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.