Mutual Advisors LLC Lowers Holdings in Zumiez Inc. (NASDAQ:ZUMZ)

Mutual Advisors LLC trimmed its holdings in Zumiez Inc. (NASDAQ:ZUMZ) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,440 shares of the apparel and footwear maker’s stock after selling 2,820 shares during the quarter. Mutual Advisors LLC owned 0.17% of Zumiez worth $701,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ZUMZ. Raymond James & Associates boosted its stake in shares of Zumiez by 17.5% during the 1st quarter. Raymond James & Associates now owns 9,403 shares of the apparel and footwear maker’s stock worth $359,000 after acquiring an additional 1,400 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Zumiez by 54.6% during the 1st quarter. MetLife Investment Management LLC now owns 11,362 shares of the apparel and footwear maker’s stock worth $434,000 after acquiring an additional 4,012 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Zumiez by 4.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,838 shares of the apparel and footwear maker’s stock worth $643,000 after acquiring an additional 672 shares in the last quarter. Aviva PLC purchased a new stake in shares of Zumiez during the 1st quarter worth about $2,038,000. Finally, Ergoteles LLC purchased a new stake in shares of Zumiez during the 1st quarter worth about $791,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ZUMZ shares. StockNews.com raised shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. B. Riley decreased their price target on shares of Zumiez from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 20th.

Zumiez Trading Up 2.4 %

Shares of Zumiez stock opened at $14.80 on Thursday. The firm has a market capitalization of $293.53 million, a PE ratio of -4.55 and a beta of 1.48. Zumiez Inc. has a twelve month low of $12.90 and a twelve month high of $21.49. The firm’s 50-day moving average price is $16.81 and its 200 day moving average price is $17.54.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, March 14th. The apparel and footwear maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.14. The firm had revenue of $281.82 million for the quarter, compared to analyst estimates of $275.98 million. Zumiez had a negative net margin of 7.15% and a negative return on equity of 5.70%. On average, sell-side analysts predict that Zumiez Inc. will post -0.11 EPS for the current fiscal year.

Zumiez Company Profile

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company also offers 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.