Zale’s: Insitutional Investors Selling Stock in Quarterly Filing

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Zale Corporation (NYSE:ZLC).

SEC data indicate that these institutions significantly reduced their stock shares of Zale Corporation in Q3 2011:

TFS CAPITAL LLC: On 06/30/2011, held 218,099 shares, worth $1,221,354. On 09/30/2011, held 0 shares.

EMPLOYEES RETIREMENT SYSTEM OF TEXAS: On 06/30/2011, held 213,000 shares, worth $1,192,800. On 09/30/2011, held 0 shares.

HIGHBRIDGE CAPITAL MANAGEMENT LLC: On 06/30/2011, held 191,972 shares, worth $1,075,043. On 09/30/2011, held 0 shares.

MILLENNIUM MANAGEMENT LLC: On 06/30/2011, held 140,047 shares, worth $784,263. On 09/30/2011, held 0 shares.

VTL ASSOCIATES, LLC: On 06/30/2011, held 117,207 shares, worth $656,359. On 09/30/2011, held 0 shares.

About the company: Zale Corporation operates retail jewelry stores under the Zales, Gordon’s, and Bailey Banks & Biddle names. The Company’s stores are located primarily in shopping malls in the United States and Puerto Rico. Zales offers moderately priced jewelry, Gordon’s offers merchandise at somewhat higher prices, and Bailey Banks & Biddle offers upscale jewelry.

Competitors to Watch: Signet Jewelers Ltd. (NYSE:SIG), Blue Nile, Inc. (NASDAQ:NILE), DGSE Companies, Inc. (AMEX:DGSE), Tiffany & Co. (NYSE:TIF), Birks & Mayors Inc. (AMEX:BMJ), Nordstrom (NYSE:JWN), J.C. Penney (NYSE:JCP), Macy’s (NYSE:M) and Saks (NYSE:SKS).

(Note: Data regarding Zale Corporation’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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To contact the reporter on this story: Dave Friedman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com