Teachers Advisors LLC raised its stake in Zumiez Inc. (NASDAQ:ZUMZ) by 24.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,486 shares of the apparel and footwear maker’s stock after purchasing an additional 7,844 shares during the period. Teachers Advisors LLC owned 0.16% of Zumiez worth $500,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Eagle Global Advisors LLC bought a new stake in Zumiez in the second quarter valued at $124,000. Gotham Asset Management LLC bought a new stake in Zumiez in the first quarter valued at $228,000. Texas Permanent School Fund increased its stake in Zumiez by 2.1% in the second quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock valued at $159,000 after purchasing an additional 260 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in Zumiez in the second quarter valued at $155,000. Finally, BNP Paribas Arbitrage SA increased its stake in Zumiez by 29.1% in the second quarter. BNP Paribas Arbitrage SA now owns 13,016 shares of the apparel and footwear maker’s stock valued at $161,000 after purchasing an additional 2,934 shares in the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.
Several research firms have weighed in on ZUMZ. Robert W. Baird reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Zumiez in a research note on Tuesday, October 3rd. B. Riley reaffirmed a “buy” rating and issued a $21.00 price target (up from $18.00) on shares of Zumiez in a research note on Thursday, October 5th. Jefferies Group LLC set a $15.00 price target on shares of Zumiez and gave the company a “hold” rating in a research note on Thursday, October 5th. BMO Capital Markets set a $16.00 price target on shares of Zumiez and gave the company a “hold” rating in a research note on Sunday, September 10th. Finally, Zacks Investment Research raised shares of Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Tuesday, September 12th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Zumiez currently has an average rating of “Hold” and a consensus price target of $18.50.
Shares of Zumiez Inc. (NASDAQ:ZUMZ) opened at $18.90 on Friday. Zumiez Inc. has a 52-week low of $11.43 and a 52-week high of $26.55. The stock has a market cap of $457.93, a PE ratio of 18.71, a price-to-earnings-growth ratio of 0.96 and a beta of 1.33.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. Zumiez had a net margin of 2.78% and a return on equity of 7.83%. The business had revenue of $192.20 million during the quarter, compared to the consensus estimate of $192.12 million. During the same period in the prior year, the firm posted ($0.03) EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. equities analysts predict that Zumiez Inc. will post 1.05 EPS for the current year.
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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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