Assenagon Asset Management S.A. Purchases 56,495 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Assenagon Asset Management S.A. boosted its position in Zumiez Inc. (NASDAQ:ZUMZ - Free Report) by 159.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,980 shares of the apparel and footwear maker's stock after purchasing an additional 56,495 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.45% of Zumiez worth $1,397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Zumiez by 51.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,251 shares of the apparel and footwear maker's stock valued at $66,000 after acquiring an additional 1,108 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Zumiez by 19.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,100 shares of the apparel and footwear maker's stock valued at $73,000 after buying an additional 658 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Zumiez during the third quarter worth about $75,000. Studio Investment Management LLC acquired a new position in Zumiez during the third quarter worth approximately $160,000. Finally, Harvest Investment Services LLC acquired a new position in shares of Zumiez in the 4th quarter valued at $262,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZUMZ. B. Riley lowered their price objective on shares of Zumiez from $19.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 20th. StockNews.com raised Zumiez from a "sell" rating to a "hold" rating in a report on Friday, April 12th.

Insider Buying and Selling at Zumiez

In other news, insider Adam Christopher Ellis bought 10,000 shares of the firm's stock in a transaction that occurred on Thursday, April 4th. The stock was acquired at an average price of $14.31 per share, with a total value of $143,100.00. Following the completion of the purchase, the insider now directly owns 57,917 shares of the company's stock, valued at approximately $828,792.27. The acquisition was disclosed in a filing with the SEC, which is available at this link. 20.30% of the stock is currently owned by company insiders.

Zumiez Trading Down 0.4 %

NASDAQ:ZUMZ traded down $0.07 on Monday, hitting $18.22. 229,852 shares of the stock were exchanged, compared to its average volume of 210,578. Zumiez Inc. has a fifty-two week low of $12.90 and a fifty-two week high of $21.49. The stock has a market cap of $369.65 million, a PE ratio of -5.61 and a beta of 1.38. The stock has a fifty day moving average of $15.81 and a 200-day moving average of $17.34.

Zumiez (NASDAQ:ZUMZ - Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The apparel and footwear maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.26 by $0.14. The business had revenue of $281.82 million for 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%. As a group, analysts predict that Zumiez Inc. will post -0.17 earnings per share for the current year.

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.

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