Royce & Associates LP cut its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 84.4% during the second quarter, Holdings Channel reports. The institutional investor owned 41,528 shares of the apparel and footwear maker’s stock after selling 224,900 shares during the period. Royce & Associates LP owned about 0.17% of Zumiez worth $594,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ZUMZ. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Zumiez by 31.9% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 164,013 shares of the apparel and footwear maker’s stock valued at $2,347,000 after buying an additional 39,647 shares during the period. TD Asset Management Inc. increased its stake in shares of Zumiez by 8.1% in the second quarter. TD Asset Management Inc. now owns 29,220 shares of the apparel and footwear maker’s stock valued at $418,000 after buying an additional 2,200 shares during the period. Lombardia Capital Partners LLC increased its stake in shares of Zumiez by 21.3% in the second quarter. Lombardia Capital Partners LLC now owns 1,093,013 shares of the apparel and footwear maker’s stock valued at $15,641,000 after buying an additional 192,039 shares during the period. California Public Employees Retirement System increased its stake in shares of Zumiez by 31.7% in the second quarter. California Public Employees Retirement System now owns 44,500 shares of the apparel and footwear maker’s stock valued at $637,000 after buying an additional 10,700 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of Zumiez by 440.8% in the second quarter. Nordea Investment Management AB now owns 45,191 shares of the apparel and footwear maker’s stock valued at $647,000 after buying an additional 36,834 shares during the period. Institutional investors own 83.04% of the company’s stock.

Shares of Zumiez Inc. (NASDAQ:ZUMZ) traded up 1.43% during mid-day trading on Wednesday, reaching $17.06. 125,655 shares of the company were exchanged. Zumiez Inc. has a 12 month low of $11.53 and a 12 month high of $22.14. The company’s 50 day moving average price is $16.81 and its 200 day moving average price is $16.63. The firm has a market capitalization of $423.60 million, a PE ratio of 22.24 and a beta of 1.49.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. The firm earned $178.30 million during the quarter, compared to analyst estimates of $177.35 million. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. Zumiez’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS. Equities analysts anticipate that Zumiez Inc. will post $0.71 earnings per share for the current year.

Several equities research analysts have recently weighed in on ZUMZ shares. Jefferies Group reiterated a “hold” rating and set a $17.00 target price on shares of Zumiez in a research note on Friday, September 9th. Mizuho decreased their target price on shares of Zumiez from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, June 3rd. Wedbush reissued a “hold” rating on shares of Zumiez in a report on Saturday, June 4th. Robert W. Baird increased their price target on shares of Zumiez from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, September 9th. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $12.00 price target on shares of Zumiez in a report on Friday, June 3rd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. Zumiez presently has a consensus rating of “Hold” and a consensus price target of $16.80.

About Zumiez

Zumiez Inc is a specialty retailer of apparel, footwear, accessories and hardgoods for men and women. The Company operates under the names Zumiez and Blue Tomato. Additionally, the Company operates e-commerce Websites at www.zumiez.com and www.blue-tomato.com. Its product categories are men’s apparel, accessories, footwear, hardgoods and junior’s apparel.

5 Day Chart for NASDAQ:ZUMZ

Want to see what other hedge funds are holding ZUMZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zumiez Inc. (NASDAQ:ZUMZ).

Receive News & Ratings for Zumiez Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zumiez Inc. and related companies with MarketBeat.com's FREE daily email newsletter.