Alliancebernstein L.P. cut its stake in Zumiez Inc. (NASDAQ:ZUMZ) by 18.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,330 shares of the apparel and footwear maker’s stock after selling 3,056 shares during the period. Alliancebernstein L.P. owned 0.05% of Zumiez worth $278,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in Zumiez in the third quarter worth $199,000. Crossmark Global Holdings Inc. acquired a new stake in Zumiez in the fourth quarter worth $240,000. Aperio Group LLC acquired a new stake in Zumiez in the fourth quarter worth $285,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Zumiez in the fourth quarter worth $379,000. Finally, Fulcrum Capital LLC acquired a new stake in Zumiez in the fourth quarter worth $400,000. 71.70% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Thomas D. Campion sold 58,100 shares of the firm’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $25.09, for a total transaction of $1,457,729.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 258,797 shares of company stock worth $6,484,643 over the last three months. Corporate insiders own 27.50% of the company’s stock.
Several brokerages have weighed in on ZUMZ. B. Riley set a $26.00 target price on Zumiez and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised Zumiez from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, March 20th. BidaskClub lowered Zumiez from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Jefferies Group set a $22.00 price target on Zumiez and gave the company a “hold” rating in a report on Thursday, January 4th. Finally, Robert W. Baird reissued a “hold” rating and set a $28.00 price target on shares of Zumiez in a report on Thursday, April 12th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $24.20.
Shares of ZUMZ opened at $23.60 on Thursday. The firm has a market cap of $608.51, a PE ratio of 21.45, a price-to-earnings-growth ratio of 0.87 and a beta of 1.11. Zumiez Inc. has a one year low of $11.43 and a one year high of $26.30.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). The business had revenue of $308.20 million for the quarter, compared to analyst estimates of $301.75 million. Zumiez had a net margin of 2.89% and a return on equity of 8.38%. Zumiez’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period last year, the business posted $0.74 earnings per share. sell-side analysts predict that Zumiez Inc. will post 1.55 EPS for the current fiscal 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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