Arizona State Retirement System purchased a new position in Zumiez Inc. (NASDAQ:ZUMZ) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 30,532 shares of the apparel and footwear maker’s stock, valued at approximately $636,000. Arizona State Retirement System owned about 0.12% of Zumiez at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. California Public Employees Retirement System increased its stake in shares of Zumiez by 14.4% in the fourth quarter. California Public Employees Retirement System now owns 99,869 shares of the apparel and footwear maker’s stock worth $2,080,000 after acquiring an additional 12,557 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Zumiez in the fourth quarter worth $240,000. Aperio Group LLC acquired a new position in Zumiez during the fourth quarter worth $285,000. Engineers Gate Manager LP acquired a new position in Zumiez during the fourth quarter worth $764,000. Finally, Algert Global LLC increased its position in Zumiez by 506.5% during the fourth quarter. Algert Global LLC now owns 90,250 shares of the apparel and footwear maker’s stock worth $1,879,000 after buying an additional 75,370 shares during the last quarter. 71.94% of the stock is currently owned by institutional investors and hedge funds.
ZUMZ has been the topic of several analyst reports. BidaskClub raised shares of Zumiez from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. William Blair reissued a “buy” rating on shares of Zumiez in a research report on Thursday, January 4th. Jefferies Group reissued a “hold” rating and set a $21.00 target price on shares of Zumiez in a research report on Sunday, December 3rd. Finally, B. Riley set a $23.00 target price on shares of Zumiez and gave the stock a “buy” rating in a research report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $22.00.
ZUMZ stock opened at $23.80 on Wednesday. The company has a market cap of $558.02, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 0.84 and a beta of 1.28. Zumiez Inc. has a 1 year low of $11.43 and a 1 year high of $24.44.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.08). The business had revenue of $308.20 million for the quarter, compared to analyst estimates of $301.75 million. Zumiez had a return on equity of 8.38% and a net margin of 2.89%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. equities research analysts anticipate that Zumiez Inc. will post 1.47 EPS for the current fiscal year.
Zumiez Company Profile
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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