Assenagon Asset Management S.A. Sells 100,825 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Assenagon Asset Management S.A. lowered its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 74.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,485 shares of the apparel and footwear maker's stock after selling 100,825 shares during the quarter. Assenagon Asset Management S.A. owned about 0.18% of Zumiez worth $722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James & Associates increased its position in 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 purchasing an additional 1,400 shares in the last quarter. MetLife Investment Management LLC increased its position in 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 purchasing an additional 4,012 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in 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 purchasing an additional 672 shares in the last quarter. Aviva PLC acquired a new stake in Zumiez during the 1st quarter worth approximately $2,038,000. Finally, Ergoteles LLC acquired a new stake in Zumiez during the 1st quarter worth approximately $791,000. Institutional investors and hedge funds own 95.45% of the company's stock.

Zumiez Stock Up 0.4 %

Shares of Zumiez stock traded up $0.05 on Friday, hitting $14.21. 141,675 shares of the company's stock traded hands, compared to its average volume of 252,916. The stock has a market cap of $281.78 million, a P/E ratio of -4.37 and a beta of 1.46. The firm's 50-day moving average is $16.37 and its 200 day moving average is $17.43. Zumiez Inc. has a 52-week low of $12.90 and a 52-week high of $21.49.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last released its earnings results on Thursday, March 14th. The apparel and footwear maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.26 by $0.14. The company had revenue of $281.82 million during the quarter, compared to analysts' expectations of $275.98 million. Zumiez had a negative return on equity of 5.70% and a negative net margin of 7.15%. Equities research analysts forecast that Zumiez Inc. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

ZUMZ has been the subject of a number of analyst reports. B. Riley decreased their price target on Zumiez from $19.00 to $16.00 and set a "neutral" rating for the company in a report on Wednesday, March 20th. StockNews.com cut Zumiez from a "hold" rating to a "sell" rating in a report on Thursday.

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.