Spire Wealth Management acquired a new position in Zumiez Inc. (NASDAQ:ZUMZ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 726 shares of the apparel and footwear maker’s stock, valued at approximately $29,000.
Other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in Zumiez by 4.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 787,743 shares of the apparel and footwear maker’s stock valued at $38,592,000 after acquiring an additional 33,827 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Zumiez by 11.2% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 106,067 shares of the apparel and footwear maker’s stock valued at $5,196,000 after acquiring an additional 10,700 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Zumiez by 22.2% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 603,955 shares of the apparel and footwear maker’s stock worth $29,588,000 after buying an additional 109,808 shares during the period. State of Alaska Department of Revenue raised its holdings in Zumiez by 9.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,987 shares of the apparel and footwear maker’s stock worth $635,000 after buying an additional 1,375 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in Zumiez by 3.0% during the 2nd quarter. Alliancebernstein L.P. now owns 112,843 shares of the apparel and footwear maker’s stock worth $5,528,000 after buying an additional 3,262 shares during the period. 82.72% of the stock is owned by institutional investors and hedge funds.
ZUMZ has been the topic of several recent analyst reports. Pivotal Research cut their price objective on Zumiez from $52.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, September 8th. Zacks Investment Research upgraded Zumiez from a “hold” rating to a “strong-buy” rating and set a $54.00 target price on the stock in a report on Tuesday, December 7th. Robert W. Baird dropped their target price on Zumiez from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, September 10th. Jefferies Financial Group assumed coverage on Zumiez in a report on Tuesday, November 30th. They issued a “hold” rating and a $52.00 target price on the stock. Finally, B. Riley lowered their price target on Zumiez from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, September 13th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $50.80.
Shares of NASDAQ ZUMZ opened at $44.78 on Monday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 9.14 and a beta of 1.69. The business has a 50 day simple moving average of $46.16 and a 200 day simple moving average of $44.43. Zumiez Inc. has a 52 week low of $35.57 and a 52 week high of $55.10.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, December 2nd. The apparel and footwear maker reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.16. The firm had revenue of $289.46 million during the quarter, compared to analysts’ expectations of $290.82 million. Zumiez had a return on equity of 22.28% and a net margin of 10.60%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share. Analysts predict that Zumiez Inc. will post 5.05 EPS for the current fiscal year.
In other Zumiez news, Director Thomas D. Campion sold 40,453 shares of the company’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $55.13, for a total transaction of $2,230,173.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.10% of the stock is owned by corporate insiders.
Zumiez Company Profile
Zumiez, Inc engages in retailing of apparel, footwear, accessories, and hardgoods for young men and women. It offers hardgoods including skateboards, snowboards, bindings, components, and other equipment under the brand names Zumiez, Blue Tomato, and Fast Times brands. The company was founded by Thomas D.
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