Geode Capital Management LLC increased its stake in Zumiez Inc. (NASDAQ:ZUMZ) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,587 shares of the apparel and footwear maker’s stock after buying an additional 5,452 shares during the period. Geode Capital Management LLC owned 0.63% of Zumiez worth $2,883,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZUMZ. First Mercantile Trust Co. raised its position in shares of Zumiez by 44.1% in the first quarter. First Mercantile Trust Co. now owns 8,865 shares of the apparel and footwear maker’s stock valued at $162,000 after buying an additional 2,715 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Zumiez by 4.6% in the first quarter. BNP Paribas Arbitrage SA now owns 10,082 shares of the apparel and footwear maker’s stock valued at $185,000 after buying an additional 441 shares during the period. State of Tennessee Treasury Department raised its position in shares of Zumiez by 7.3% in the first quarter. State of Tennessee Treasury Department now owns 16,441 shares of the apparel and footwear maker’s stock valued at $301,000 after buying an additional 1,123 shares during the period. Keybank National Association OH acquired a new position in shares of Zumiez during the first quarter valued at about $334,000. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Zumiez by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 18,594 shares of the apparel and footwear maker’s stock valued at $340,000 after buying an additional 88 shares during the period. Institutional investors own 83.42% of the company’s stock.
Zumiez Inc. (NASDAQ ZUMZ) traded up 6.44% during mid-day trading on Wednesday, hitting $12.40. 354,285 shares of the stock traded hands. The stock has a market cap of $312.44 million, a P/E ratio of 13.07 and a beta of 1.22. Zumiez Inc. has a 12 month low of $11.43 and a 12 month high of $26.55. The stock has a 50-day moving average price of $12.45 and a 200-day moving average price of $15.73.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.02. The business had revenue of $181.20 million during the quarter, compared to the consensus estimate of $179.35 million. Zumiez had a net margin of 2.79% and a return on equity of 7.98%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) earnings per share. On average, equities analysts forecast that Zumiez Inc. will post $0.94 earnings per share for the current year.
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ZUMZ has been the subject of several recent analyst reports. BMO Capital Markets restated a “hold” rating and set a $19.00 target price on shares of Zumiez in a research report on Thursday, April 27th. Jefferies Group LLC restated a “hold” rating and set a $19.00 target price on shares of Zumiez in a research report on Friday, May 5th. Zacks Investment Research upgraded Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. ValuEngine lowered Zumiez from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded Zumiez from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Zumiez has a consensus rating of “Hold” and a consensus target price of $20.85.
About Zumiez
Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.
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