27,600 Shares in Zumiez Inc. (ZUMZ) Purchased by Strs Ohio

Strs Ohio purchased a new position in shares of Zumiez Inc. (NASDAQ:ZUMZ) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 27,600 shares of the apparel and footwear maker’s stock, valued at approximately $727,000. Strs Ohio owned about 0.11% of Zumiez as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ZUMZ. Piedmont Investment Advisors LLC acquired a new position in Zumiez during the 2nd quarter worth approximately $107,000. Sun Life Financial INC acquired a new position in Zumiez during the 2nd quarter worth approximately $110,000. Itau Unibanco Holding S.A. acquired a new position in Zumiez during the 2nd quarter worth approximately $137,000. American Century Companies Inc. acquired a new position in Zumiez during the 2nd quarter worth approximately $203,000. Finally, Louisiana State Employees Retirement System acquired a new position in Zumiez during the 2nd quarter worth approximately $205,000. 76.02% of the stock is owned by hedge funds and other institutional investors.

In other Zumiez news, CEO Richard Miles Brooks sold 45,827 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 3,199,509 shares of the company’s stock, valued at approximately $96,017,265.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher Codington Work sold 5,746 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $32.00, for a total value of $183,872.00. The disclosure for this sale can be found here. In the last three months, insiders sold 124,344 shares of company stock valued at $3,788,085. 27.70% of the stock is currently owned by insiders.

A number of equities analysts have weighed in on ZUMZ shares. Pivotal Research raised Zumiez from a “hold” rating to a “buy” rating and upped their price target for the stock from $30.00 to $36.00 in a research report on Tuesday, September 4th. BidaskClub downgraded Zumiez from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. B. Riley set a $34.00 price objective on Zumiez and gave the company a “buy” rating in a report on Thursday, October 11th. Jefferies Financial Group started coverage on Zumiez in a report on Thursday, October 25th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, ValuEngine downgraded Zumiez from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Zumiez currently has a consensus rating of “Hold” and a consensus price target of $26.88.

NASDAQ ZUMZ opened at $22.06 on Wednesday. The company has a market capitalization of $585.66 million, a PE ratio of 20.05, a P/E/G ratio of 1.08 and a beta of 1.23. Zumiez Inc. has a 12 month low of $16.90 and a 12 month high of $32.70.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, September 6th. The apparel and footwear maker reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $219.00 million during the quarter, compared to the consensus estimate of $218.50 million. Zumiez had a return on equity of 9.82% and a net margin of 3.43%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.02) EPS. Analysts forecast that Zumiez Inc. will post 1.7 earnings per share for the current year.

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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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Institutional Ownership by Quarter for Zumiez (NASDAQ:ZUMZ)

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