Russell Investments Group Ltd. reduced its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 69.8% during the first quarter, Holdings Channel reports. The institutional investor owned 20,800 shares of the apparel and footwear maker’s stock after selling 48,111 shares during the period. Russell Investments Group Ltd.’s holdings in Zumiez were worth $381,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in ZUMZ. Columbus Circle Investors increased its stake in shares of Zumiez by 38.9% in the first quarter. Columbus Circle Investors now owns 547,469 shares of the apparel and footwear maker’s stock valued at $10,019,000 after buying an additional 153,268 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Zumiez during the fourth quarter valued at about $931,000. Teachers Advisors LLC increased its stake in shares of Zumiez by 594.9% in the fourth quarter. Teachers Advisors LLC now owns 221,731 shares of the apparel and footwear maker’s stock valued at $4,845,000 after buying an additional 189,821 shares in the last quarter. USA Financial Portformulas Corp bought a new stake in shares of Zumiez during the fourth quarter valued at about $418,000. Finally, Norges Bank bought a new stake in shares of Zumiez during the fourth quarter valued at about $1,616,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.
Zumiez Inc. (ZUMZ) opened at 12.45 on Monday. The company has a market cap of $313.70 million, a PE ratio of 13.12 and a beta of 1.21. Zumiez Inc. has a one year low of $11.60 and a one year high of $26.55. The firm has a 50-day moving average of $13.70 and a 200-day moving average of $18.02.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.02. The business had revenue of $181.20 million for the quarter, compared to analysts’ expectations of $179.35 million. Zumiez had a net margin of 2.79% and a return on equity of 7.98%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. On average, analysts predict that Zumiez Inc. will post $0.94 EPS for the current year.
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Several analysts recently issued reports on the company. Wolfe Research lowered their price target on Zumiez from $23.00 to $21.00 and set a “peer perform” rating for the company in a report on Monday, March 13th. BMO Capital Markets reiterated a “hold” rating and issued a $19.00 price target on shares of Zumiez in a report on Thursday, April 27th. Zacks Investment Research downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, March 14th. B. Riley reiterated a “neutral” rating and issued a $21.50 price target on shares of Zumiez in a report on Thursday, March 16th. Finally, Jefferies Group LLC restated a “hold” rating and set a $19.00 target price on shares of Zumiez in a research note on Friday, May 5th. One analyst has rated the stock with a sell rating, nine have given 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 $20.50.
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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