BNP Paribas Arbitrage SA Boosts Position in Zumiez Inc. (ZUMZ)

BNP Paribas Arbitrage SA raised its position in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 4.6% during the first quarter, Holdings Channel reports. The institutional investor owned 10,082 shares of the apparel and footwear maker’s stock after buying an additional 441 shares during the period. BNP Paribas Arbitrage SA’s holdings in Zumiez were worth $185,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ZUMZ. Russell Investments Group Ltd. acquired a new position in shares of Zumiez during the fourth quarter worth about $1,510,000. State Board of Administration of Florida Retirement System increased its position in shares of Zumiez by 15.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 18,506 shares of the apparel and footwear maker’s stock worth $404,000 after buying an additional 2,470 shares in the last quarter. Comerica Bank increased its position in shares of Zumiez by 5.8% in the fourth quarter. Comerica Bank now owns 18,762 shares of the apparel and footwear maker’s stock worth $372,000 after buying an additional 1,032 shares in the last quarter. State Street Corp increased its position in shares of Zumiez by 44.8% in the fourth quarter. State Street Corp now owns 553,880 shares of the apparel and footwear maker’s stock worth $12,099,000 after buying an additional 171,364 shares in the last quarter. Finally, Oxford Asset Management acquired a new position in shares of Zumiez during the fourth quarter worth about $1,312,000. 85.11% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Zumiez (NASDAQ:ZUMZ)

Shares of Zumiez Inc. (NASDAQ ZUMZ) opened at 12.40 on Tuesday. The firm’s 50-day moving average price is $14.97 and its 200-day moving average price is $18.69. Zumiez Inc. has a one year low of $12.15 and a one year high of $26.55. The company has a market capitalization of $312.44 million, a price-to-earnings ratio of 13.07 and a beta of 1.23.

Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.02. Zumiez had a net margin of 2.79% and a return on equity of 7.98%. The firm had revenue of $181.20 million during the quarter, compared to analyst estimates of $179.35 million. During the same period last year, the business earned ($0.08) earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Analysts anticipate that Zumiez Inc. will post $0.91 earnings per share for the current year.

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A number of research analysts have recently issued reports on ZUMZ shares. Zacks Investment Research downgraded Zumiez from a “buy” rating to a “hold” rating in a research note on Tuesday, March 7th. Wedbush reissued a “neutral” rating and issued a $16.00 price objective (down from $21.00) on shares of Zumiez in a research note on Friday, March 10th. B. Riley reissued a “neutral” rating and issued a $21.50 price objective on shares of Zumiez in a research note on Saturday, March 11th. Jefferies Group LLC reissued a “hold” rating and issued a $19.00 price objective (down from $23.00) on shares of Zumiez in a research note on Saturday, March 11th. Finally, Wolfe Research dropped their price target on Zumiez from $23.00 to $21.00 and set a “peer perform” rating on the stock in a research note on Monday, March 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $20.50.

About Zumiez

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ZUMZ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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