Dimensional Fund Advisors LP lessened its holdings in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 6.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,005,187 shares of the apparel and footwear maker’s stock after selling 131,721 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.08% of Zumiez worth $36,293,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its stake in shares of Zumiez by 23.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 215,652 shares of the apparel and footwear maker’s stock worth $3,904,000 after purchasing an additional 41,008 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Zumiez during the 3rd quarter worth $3,193,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Zumiez during the 3rd quarter worth $369,000. Macquarie Group Ltd. purchased a new position in shares of Zumiez during the 3rd quarter worth $404,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of Zumiez by 20.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 110,743 shares of the apparel and footwear maker’s stock worth $2,005,000 after purchasing an additional 18,890 shares during the period. 74.58% of the stock is currently owned by institutional investors.
Zumiez Inc. (ZUMZ) opened at $22.90 on Friday. Zumiez Inc. has a 52-week low of $11.43 and a 52-week high of $24.44. The firm has a market capitalization of $560.54, a price-to-earnings ratio of 22.67, a P/E/G ratio of 1.06 and a beta of 1.39.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. The company had revenue of $245.80 million for the quarter, compared to analyst estimates of $244.50 million. During the same period last year, the company posted $0.43 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. analysts predict that Zumiez Inc. will post 1.18 EPS for the current year.
In other Zumiez news, Director Scott Andrew Bailey sold 7,843 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $20.75, for a total value of $162,742.25. Following the transaction, the director now directly owns 9,908 shares of the company’s stock, valued at $205,591. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 27.50% of the company’s stock.
Several brokerages recently weighed in on ZUMZ. Zacks Investment Research lowered Zumiez from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a research report on Saturday, January 6th. William Blair reaffirmed a “buy” rating on shares of Zumiez in a research report on Thursday, January 4th. Jefferies Group reaffirmed a “hold” rating and issued a $21.00 target price on shares of Zumiez in a research report on Sunday, December 3rd. B. Riley set a $23.00 target price on Zumiez and gave the stock a “buy” rating in a research report on Friday, December 1st. Finally, BMO Capital Markets set a $20.00 target price on Zumiez and gave the stock a “hold” rating in a research report on Friday, December 1st. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Zumiez presently has an average rating of “Hold” and a consensus 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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