MetLife Investment Advisors LLC cut its stake in Zumiez Inc. (NASDAQ:ZUMZ) by 32.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,452 shares of the apparel and footwear maker’s stock after selling 4,933 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Zumiez were worth $200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ZUMZ. Credit Suisse AG increased its stake in Zumiez by 125.0% in the third quarter. Credit Suisse AG now owns 22,811 shares of the apparel and footwear maker’s stock valued at $600,000 after purchasing an additional 12,673 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Zumiez by 1,438.3% in the third quarter. Panagora Asset Management Inc. now owns 22,074 shares of the apparel and footwear maker’s stock valued at $582,000 after purchasing an additional 20,639 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Zumiez in the third quarter valued at $213,000. JPMorgan Chase & Co. increased its stake in Zumiez by 185.2% in the third quarter. JPMorgan Chase & Co. now owns 397,856 shares of the apparel and footwear maker’s stock valued at $10,484,000 after purchasing an additional 258,363 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Zumiez by 53.3% in the third quarter. Renaissance Technologies LLC now owns 714,400 shares of the apparel and footwear maker’s stock valued at $18,824,000 after purchasing an additional 248,500 shares in the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

In other news, Director Scott Andrew Bailey sold 5,986 shares of Zumiez stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $25.94, for a total transaction of $155,276.84. Following the completion of the transaction, the director now directly owns 3,189 shares in the company, valued at $82,722.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 27.70% of the stock is owned by company insiders.

Several research firms have weighed in on ZUMZ. BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Pivotal Research downgraded shares of Zumiez from a “buy” rating to a “hold” rating and decreased their price target for the company from $28.00 to $26.00 in a research note on Monday, March 11th. Zacks Investment Research downgraded shares of Zumiez from a “buy” rating to a “hold” rating in a research note on Saturday, January 26th. Finally, ValuEngine raised shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, March 30th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Zumiez currently has an average rating of “Hold” and a consensus target price of $25.17.

Shares of NASDAQ ZUMZ opened at $26.58 on Monday. The stock has a market cap of $678.35 million, a PE ratio of 14.85, a price-to-earnings-growth ratio of 1.07 and a beta of 1.23. Zumiez Inc. has a 1 year low of $17.57 and a 1 year high of $32.70.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, March 14th. The apparel and footwear maker reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.07. The firm had revenue of $304.56 million during the quarter, compared to analysts’ expectations of $305.55 million. Zumiez had a net margin of 4.62% and a return on equity of 12.24%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $0.82 earnings per share. Sell-side analysts anticipate that Zumiez Inc. will post 1.85 EPS for the current fiscal year.

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About Zumiez

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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Institutional Ownership by Quarter for Zumiez (NASDAQ:ZUMZ)

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