California Public Employees Retirement System Has $1.58 Million Holdings in Zumiez Inc. (ZUMZ)

California Public Employees Retirement System boosted its stake in Zumiez Inc. (NASDAQ:ZUMZ) by 28.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,312 shares of the apparel and footwear maker’s stock after buying an additional 19,112 shares during the period. California Public Employees Retirement System owned 0.35% of Zumiez worth $1,580,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZUMZ. Schwab Charles Investment Management Inc. increased its position in Zumiez by 15.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 174,644 shares of the apparel and footwear maker’s stock worth $2,157,000 after buying an additional 23,634 shares during the period. Legal & General Group Plc increased its position in Zumiez by 9.1% in the second quarter. Legal & General Group Plc now owns 31,374 shares of the apparel and footwear maker’s stock worth $387,000 after buying an additional 2,607 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of 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 worth $161,000 after purchasing an additional 2,934 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Zumiez by 204.4% in the second quarter. Prudential Financial Inc. now owns 177,221 shares of the apparel and footwear maker’s stock worth $2,189,000 after purchasing an additional 118,995 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Zumiez by 1.3% in the second quarter. Principal Financial Group Inc. now owns 134,150 shares of the apparel and footwear maker’s stock worth $1,657,000 after purchasing an additional 1,686 shares in the last quarter. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Scott Andrew Bailey sold 7,843 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $20.75, for a total transaction of $162,742.25. Following the completion of the transaction, the director now owns 9,908 shares of the company’s stock, valued at $205,591. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 27.50% of the company’s stock.

Several research analysts have recently issued reports on ZUMZ shares. B. Riley set a $23.00 price target on Zumiez and gave the stock a “buy” rating in a research note on Friday, December 1st. Jefferies Group set a $22.00 price target on Zumiez and gave the stock a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research cut Zumiez from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research note on Saturday, January 6th. William Blair reissued a “buy” rating on shares of Zumiez in a research note on Thursday, January 4th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $17.00 price target on shares of Zumiez in a research note on Tuesday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $20.50.

Zumiez Inc. (ZUMZ) opened at $23.10 on Friday. Zumiez Inc. has a 52 week low of $11.43 and a 52 week high of $24.44. The stock has a market capitalization of $565.59, a price-to-earnings ratio of 22.65, a PEG ratio of 1.06 and a beta of 1.39.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. The company had revenue of $245.80 million during the quarter, compared to analysts’ expectations of $244.50 million. During the same quarter in the prior year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. sell-side analysts anticipate that Zumiez Inc. will post 1.18 earnings per share for the current fiscal year.

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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.

Institutional Ownership by Quarter for Zumiez (NASDAQ:ZUMZ)

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