Cambridge Investment Research Advisors Inc. purchased a new position in shares of Zumiez Inc. (NASDAQ:ZUMZ) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 33,140 shares of the apparel and footwear maker’s stock, valued at approximately $825,000. Cambridge Investment Research Advisors Inc. owned approximately 0.13% of Zumiez as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Pearl River Capital LLC acquired a new stake in Zumiez during the 4th quarter valued at $31,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Zumiez by 853.5% during the first quarter. BNP Paribas Arbitrage SA now owns 4,310 shares of the apparel and footwear maker’s stock worth $107,000 after buying an additional 3,858 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Zumiez by 339.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,388 shares of the apparel and footwear maker’s stock worth $122,000 after buying an additional 4,933 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of Zumiez during the fourth quarter worth $138,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of Zumiez during the first quarter worth $179,000. 81.57% of the stock is owned by institutional investors and hedge funds.
In other Zumiez news, insider Troy R. Brown sold 20,324 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $27.41, for a total value of $557,080.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Scott Andrew Bailey sold 5,986 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $25.94, for a total value of $155,276.84. Following the completion of the transaction, the director now directly owns 3,189 shares in the company, valued at $82,722.66. The disclosure for this sale can be found here. 23.10% of the stock is owned by insiders.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, June 6th. The apparel and footwear maker reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.12. The company had revenue of $212.90 million for the quarter, compared to analyst estimates of $205.96 million. Zumiez had a return on equity of 12.81% and a net margin of 4.93%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.10) earnings per share. Research analysts forecast that Zumiez Inc. will post 1.89 earnings per share for the current fiscal year.
ZUMZ has been the subject of a number of research reports. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. BidaskClub cut Zumiez from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Pivotal Research restated a “hold” rating and issued a $22.00 price target (down previously from $28.00) on shares of Zumiez in a research report on Tuesday, June 4th. Zacks Investment Research upgraded Zumiez from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Saturday, May 18th. Finally, Wedbush cut Zumiez from a “neutral” rating to an “underperform” rating and set a $22.00 target price on the stock. in a research report on Thursday, May 9th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.57.
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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