Assenagon Asset Management S.A. bought a new position in Zumiez Inc. (NASDAQ:ZUMZ) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 48,835 shares of the apparel and footwear maker’s stock, valued at approximately $1,287,000. Assenagon Asset Management S.A. owned 0.19% of Zumiez at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its position in Zumiez by 6.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 36,737 shares of the apparel and footwear maker’s stock valued at $920,000 after acquiring an additional 2,250 shares during the period. Legal & General Group Plc lifted its position in Zumiez by 7.0% during the 2nd quarter. Legal & General Group Plc now owns 36,176 shares of the apparel and footwear maker’s stock valued at $926,000 after acquiring an additional 2,354 shares during the period. Russell Investments Group Ltd. lifted its position in Zumiez by 23.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 13,067 shares of the apparel and footwear maker’s stock valued at $327,000 after acquiring an additional 2,467 shares during the period. Laurion Capital Management LP lifted its position in Zumiez by 8.8% during the 2nd quarter. Laurion Capital Management LP now owns 32,105 shares of the apparel and footwear maker’s stock valued at $804,000 after acquiring an additional 2,600 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Zumiez by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 139,345 shares of the apparel and footwear maker’s stock valued at $3,330,000 after acquiring an additional 3,407 shares during the period. 76.02% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ ZUMZ opened at $21.07 on Friday. Zumiez Inc. has a 1 year low of $17.45 and a 1 year high of $32.70. The stock has a market cap of $545.60 million, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 1.01 and a beta of 1.23.
Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, September 6th. The apparel and footwear maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $219.00 million during the quarter, compared to analysts’ expectations of $218.50 million. Zumiez had a net margin of 3.43% and a return on equity of 9.82%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.02) earnings per share. As a group, equities analysts anticipate that Zumiez Inc. will post 1.7 earnings per share for the current year.
A number of research analysts recently issued reports on ZUMZ shares. TheStreet raised shares of Zumiez from a “c+” rating to a “b” rating in a research report on Friday, September 7th. BidaskClub cut shares of Zumiez from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 14th. Pivotal Research set a $36.00 price target on shares of Zumiez and gave the company a “buy” rating in a research report on Monday, September 10th. B. Riley lifted their price target on shares of Zumiez from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, September 7th. Finally, ValuEngine raised shares of Zumiez from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.88.
In other Zumiez news, insider Chris K. Visser sold 1,934 shares of Zumiez stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $28.08, for a total value of $54,306.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Miles Brooks sold 45,827 shares of Zumiez stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $30.01, for a total transaction of $1,375,268.27. Following the completion of the transaction, the chief executive officer now directly owns 3,199,509 shares of the company’s stock, valued at $96,017,265.09. The disclosure for this sale can be found here. Insiders sold 124,344 shares of company stock valued at $3,788,085 over the last ninety days. Corporate insiders own 27.70% of the company’s stock.
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Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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