Algert Global LLC decreased its position in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 49.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 55,081 shares of the apparel and footwear maker’s stock after selling 53,423 shares during the period. Algert Global LLC owned about 0.22% of Zumiez worth $1,451,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of ZUMZ. Wells Fargo & Company MN grew its holdings in shares of Zumiez by 932.7% during the 2nd quarter. Wells Fargo & Company MN now owns 308,904 shares of the apparel and footwear maker’s stock worth $7,738,000 after acquiring an additional 278,991 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Zumiez by 185.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 397,856 shares of the apparel and footwear maker’s stock worth $10,484,000 after acquiring an additional 258,363 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Zumiez by 53.3% during the 3rd quarter. Renaissance Technologies LLC now owns 714,400 shares of the apparel and footwear maker’s stock worth $18,824,000 after acquiring an additional 248,500 shares during the period. AXA grew its holdings in shares of Zumiez by 649.6% during the 3rd quarter. AXA now owns 105,700 shares of the apparel and footwear maker’s stock worth $2,785,000 after acquiring an additional 91,600 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Zumiez by 3.2% in the 2nd quarter. BlackRock Inc. now owns 2,986,304 shares of the apparel and footwear maker’s stock worth $74,807,000 after purchasing an additional 91,515 shares in the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.
NASDAQ ZUMZ opened at $18.32 on Friday. The firm has a market cap of $490.22 million, a PE ratio of 16.65, a PEG ratio of 0.91 and a beta of 1.23. Zumiez Inc. has a 1-year low of $17.75 and a 1-year high of $32.70.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, December 6th. The apparel and footwear maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.06. The firm had revenue of $248.80 million for the quarter, compared to analysts’ expectations of $248.70 million. Zumiez had a return on equity of 9.82% and a net margin of 3.43%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. On average, sell-side analysts predict that Zumiez Inc. will post 1.69 earnings per share for the current fiscal year.
A number of analysts have recently commented on the company. ValuEngine cut Zumiez from a “sell” rating to a “strong sell” rating in a research report on Friday. TheStreet raised Zumiez from a “c+” rating to a “b” rating in a research report on Friday, September 7th. BidaskClub raised Zumiez from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Pivotal Research raised Zumiez from a “hold” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $36.00 in a research report on Tuesday, September 4th. Finally, DA Davidson assumed coverage on Zumiez in a research report on Tuesday, September 25th. They issued a “neutral” rating and a $29.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $26.00.
In other news, insider Chris K. Visser sold 1,934 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $28.08, for a total value of $54,306.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Travis Smith sold 3,193 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $28.85, for a total value of $92,118.05. Following the completion of the sale, the director now owns 17,770 shares of the company’s stock, valued at $512,664.50. The disclosure for this sale can be found here. 27.70% of the stock is owned by corporate insiders.
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Zumiez Company Profile
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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