Barclays PLC Sells 7,327 Shares of Zumiez Inc. (NASDAQ:ZUMZ)

Barclays PLC reduced its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 30.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 16,875 shares of the apparel and footwear maker’s stock after selling 7,327 shares during the period. Barclays PLC owned about 0.09% of Zumiez worth $313,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its holdings in Zumiez by 7.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,575,486 shares of the apparel and footwear maker’s stock worth $34,251,000 after purchasing an additional 111,127 shares in the last quarter. EVR Research LP bought a new stake in Zumiez during the 4th quarter worth approximately $3,413,000. Janney Montgomery Scott LLC increased its holdings in Zumiez by 15.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,005 shares of the apparel and footwear maker’s stock worth $304,000 after purchasing an additional 1,898 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in Zumiez by 32.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 13,775 shares of the apparel and footwear maker’s stock worth $254,000 after purchasing an additional 3,404 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in Zumiez by 6.7% during the 1st quarter. Royce & Associates LP now owns 214,199 shares of the apparel and footwear maker’s stock worth $3,950,000 after purchasing an additional 13,543 shares in the last quarter. 75.17% of the stock is owned by institutional investors.

Insider Transactions at Zumiez

In other Zumiez news, CEO Richard Miles Brooks bought 74,930 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were purchased at an average price of $13.57 per share, for a total transaction of $1,016,800.10. Following the purchase, the chief executive officer now directly owns 2,647,954 shares of the company’s stock, valued at $35,932,735.78. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Richard Miles Brooks acquired 74,930 shares of Zumiez stock in a transaction on Monday, June 5th. The stock was acquired at an average cost of $13.57 per share, with a total value of $1,016,800.10. Following the completion of the acquisition, the chief executive officer now owns 2,647,954 shares in the company, valued at $35,932,735.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Christopher Ellis acquired 10,000 shares of Zumiez stock in a transaction on Monday, June 5th. The shares were purchased at an average cost of $14.67 per share, with a total value of $146,700.00. Following the completion of the acquisition, the insider now owns 34,393 shares of the company’s stock, valued at approximately $504,545.31. The disclosure for this purchase can be found here. Insiders have acquired 89,930 shares of company stock worth $1,237,850 in the last 90 days. Insiders own 20.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Zumiez in a report on Thursday, August 17th. They set a “hold” rating for the company.

Zumiez Stock Down 0.7 %

Shares of NASDAQ ZUMZ opened at $18.15 on Thursday. Zumiez Inc. has a twelve month low of $13.19 and a twelve month high of $28.97. The stock’s 50 day moving average price is $18.04 and its 200-day moving average price is $18.36. The company has a market capitalization of $358.99 million, a PE ratio of 121.00 and a beta of 1.53.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.86) by ($0.10). Zumiez had a return on equity of 0.78% and a net margin of 0.33%. The business had revenue of $182.89 million during the quarter, compared to analysts’ expectations of $182.61 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. Zumiez’s quarterly revenue was down 17.1% on a year-over-year basis. As a group, research analysts expect that Zumiez Inc. will post -0.58 EPS for the current fiscal year.

Zumiez 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.