Victory Capital Management Inc. Has $588,000 Stock Holdings in Zumiez Inc. (NASDAQ:ZUMZ)

Victory Capital Management Inc. lowered its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 8.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 30,171 shares of the apparel and footwear maker’s stock after selling 2,884 shares during the period. Victory Capital Management Inc. owned approximately 0.15% of Zumiez worth $588,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Zumiez by 9.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 457,780 shares of the apparel and footwear maker’s stock worth $9,311,000 after buying an additional 39,470 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Zumiez by 3.2% during 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 acquiring an additional 49,581 shares during the period. Harvest Investment Services LLC bought a new stake in Zumiez during the 4th quarter valued at $262,000. GSA Capital Partners LLP raised its holdings in Zumiez by 183.8% during the 4th quarter. GSA Capital Partners LLP now owns 116,914 shares of the apparel and footwear maker’s stock valued at $2,378,000 after acquiring an additional 75,717 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Zumiez during the 1st quarter valued at $196,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Zumiez Stock Down 5.6 %

NASDAQ:ZUMZ opened at $22.24 on Monday. The company’s 50 day moving average price is $24.95 and its 200-day moving average price is $19.92. Zumiez Inc. has a 52 week low of $12.90 and a 52 week high of $31.37. The stock has a market cap of $450.89 million, a price-to-earnings ratio of -7.06 and a beta of 1.25.

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

Analysts Set New Price Targets

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

Zumiez 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.