State Street Corp decreased its position in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 26.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 443,738 shares of the apparel and footwear maker’s stock after selling 162,153 shares during the quarter. State Street Corp owned 1.76% of Zumiez worth $5,480,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Zumiez by 9.0% in the first quarter. Vanguard Group Inc. now owns 1,653,054 shares of the apparel and footwear maker’s stock worth $30,250,000 after acquiring an additional 136,027 shares during the period. Geode Capital Management LLC raised its position in shares of Zumiez by 3.6% during the 1st quarter. Geode Capital Management LLC now owns 157,587 shares of the apparel and footwear maker’s stock valued at $2,883,000 after purchasing an additional 5,452 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Zumiez by 7.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 151,010 shares of the apparel and footwear maker’s stock valued at $2,764,000 after purchasing an additional 10,362 shares during the period. Bank of America Corp DE raised its position in shares of Zumiez by 99.8% during the 1st quarter. Bank of America Corp DE now owns 37,020 shares of the apparel and footwear maker’s stock valued at $678,000 after purchasing an additional 18,487 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Zumiez by 1,187.6% during the 2nd quarter. Bank of Montreal Can now owns 14,177 shares of the apparel and footwear maker’s stock valued at $175,000 after purchasing an additional 13,076 shares during the period. Institutional investors own 74.70% of the company’s stock.
Several brokerages have recently commented on ZUMZ. Jefferies Group restated a “hold” rating and set a $21.00 price objective on shares of Zumiez in a research report on Sunday, December 3rd. B. Riley reaffirmed a “buy” rating and set a $21.00 target price (up from $18.00) on shares of Zumiez in a research note on Thursday, October 5th. BMO Capital Markets set a $20.00 target price on shares of Zumiez and gave the company a “hold” rating in a research note on Friday, December 1st. Robert W. Baird reaffirmed a “neutral” rating and set a $17.00 target price on shares of Zumiez in a research note on Tuesday, October 3rd. Finally, BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.00.
Shares of Zumiez Inc. (ZUMZ) opened at $20.35 on Thursday. Zumiez Inc. has a twelve month low of $11.43 and a twelve month high of $25.40. The firm has a market cap of $518.88, a PE ratio of 20.15, a P/E/G ratio of 1.05 and a beta of 1.39.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Zumiez had a net margin of 2.84% and a return on equity of 7.99%. The business had revenue of $245.80 million during the quarter, compared to analyst estimates of $244.50 million. During the same quarter in the previous year, the business posted $0.43 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. equities analysts expect that Zumiez Inc. will post 1.09 earnings per share for the current year.
In other news, Director Scott Andrew Bailey sold 7,843 shares of Zumiez stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $20.75, for a total value of $162,742.25. Following the transaction, the director now owns 9,908 shares of the company’s stock, valued at approximately $205,591. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 27.50% of the stock is owned by insiders.
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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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