California State Teachers Retirement System reduced its holdings in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 9.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,423 shares of the apparel and footwear maker’s stock after selling 3,196 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Zumiez worth $533,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of ZUMZ. Thrivent Financial For Lutherans bought a new position in shares of Zumiez during the 2nd quarter worth approximately $130,000. Voya Investment Management LLC bought a new stake in Zumiez in the 2nd quarter valued at $142,000. Russell Investments Group Ltd. bought a new stake in Zumiez in the 3rd quarter valued at $199,000. The Manufacturers Life Insurance Company boosted its stake in Zumiez by 12.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,475 shares of the apparel and footwear maker’s stock valued at $204,000 after purchasing an additional 1,829 shares during the period. Finally, ClariVest Asset Management LLC bought a new stake in Zumiez in the 3rd quarter valued at $212,000. Institutional investors own 76.50% of the company’s stock.
Zumiez Inc. (NASDAQ ZUMZ) opened at $18.95 on Tuesday. The firm has a market capitalization of $488.58, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 0.77 and a beta of 1.29. Zumiez Inc. has a fifty-two week low of $11.43 and a fifty-two week high of $24.44.
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, hitting analysts’ consensus estimates 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 previous year, the firm earned $0.43 EPS. Zumiez’s revenue was up 11.0% on a year-over-year basis. equities research analysts predict that Zumiez Inc. will post 1.18 EPS for the current year.
In other news, Director Scott Andrew Bailey sold 7,843 shares of the business’s stock in a transaction on 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 approximately $205,591. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 27.50% of the stock is currently owned by insiders.
ZUMZ has been the subject of several recent research reports. William Blair restated a “buy” rating on shares of Zumiez in a research note on Thursday, January 4th. Jefferies Group set a $22.00 price target on Zumiez and gave the company a “hold” rating in a research note on Thursday, January 4th. B. Riley set a $23.00 price target on Zumiez and gave the company a “buy” rating in a research note on Friday, December 1st. BMO Capital Markets set a $20.00 price target on Zumiez and gave the company a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub cut Zumiez from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Zumiez presently has an average rating of “Hold” and an average price target of $20.57.
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Zumiez Company Profile
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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