Zumiez Inc. (ZUMZ) Position Boosted by Great Lakes Advisors LLC

Great Lakes Advisors LLC raised its position in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 31.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 287,985 shares of the apparel and footwear maker’s stock after buying an additional 68,416 shares during the period. Great Lakes Advisors LLC owned about 1.14% of Zumiez worth $3,557,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. First Mercantile Trust Co. boosted its stake in 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 worth $162,000 after buying an additional 2,715 shares during the period. Invictus RG acquired a new stake in Zumiez during the first quarter worth $163,000. Eagle Global Advisors LLC acquired a new stake in Zumiez during the second quarter worth $124,000. BNP Paribas Arbitrage SA boosted its stake in 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 worth $185,000 after buying an additional 441 shares during the period. Finally, Gotham Asset Management LLC acquired a new stake in Zumiez during the first quarter worth $228,000. 83.42% of the stock is currently owned by institutional investors.

Zumiez Inc. (NASDAQ ZUMZ) opened at 13.45 on Friday. Zumiez Inc. has a 1-year low of $11.43 and a 1-year high of $26.55. The company’s 50 day moving average is $12.47 and its 200-day moving average is $15.57. The firm has a market cap of $338.90 million, a price-to-earnings ratio of 14.17 and a beta of 1.22.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.02. The firm had revenue of $181.20 million for 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 company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.08) EPS. On average, analysts predict that Zumiez Inc. will post $0.94 EPS for the current fiscal year.

A number of research firms have recently weighed in on ZUMZ. Jefferies Group LLC set a $15.00 price target on Zumiez and gave the company a “hold” rating in a report on Saturday, June 3rd. BMO Capital Markets set a $16.00 price target on Zumiez and gave the company a “hold” rating in a report on Tuesday, August 8th. BidaskClub raised Zumiez from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. ValuEngine cut Zumiez from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised Zumiez from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target 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.