Sat Sep 28 17:20:30 UTC 2024: ## Caxton Associates Cuts Stake in Zumiez, Other Institutional Investors Adjust Holdings

**New York, NY** – Caxton Associates LP, a prominent hedge fund, reduced its stake in Zumiez Inc. (NASDAQ: ZUMZ) by 35.5% in the second quarter, according to a recent SEC filing. The fund now owns 15,451 shares, valued at approximately $301,000.

This move comes amidst adjustments by other institutional investors. Charles Schwab Investment Management Inc. increased its stake by 9.4% in the fourth quarter, now owning 457,780 shares. Dimensional Fund Advisors LP also boosted its position by 3.2% in the fourth quarter, bringing its total to 1,605,551 shares. GSA Capital Partners LLP saw the largest increase, growing its stake by 183.8% in the fourth quarter, now holding 116,914 shares. Quantbot Technologies LP and Empowered Funds LLC entered the market in the first quarter, acquiring new positions in Zumiez.

Overall, 95.45% of Zumiez’s stock is currently owned by institutional investors.

Zumiez’s stock opened at $22.00 on Friday, with a 50-day simple moving average of $24.93 and a 200-day simple moving average of $20.08. The company has a market capitalization of $421.08 million, a P/E ratio of -6.98, and a beta of 1.25.

Analysts from Jefferies Financial Group and B. Riley have recently weighed in on the company. Jefferies increased their price target on Zumiez to $19.00 and maintained a “hold” rating, while B. Riley raised their price target to $25.00 and assigned a “neutral” rating.

Zumiez, a specialty retailer of apparel, footwear, and accessories, operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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