Great West Life Assurance Co. Can maintained its stake in Zumiez Inc. (NASDAQ:ZUMZ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,428 shares of the apparel and footwear maker’s stock at the end of the 2nd quarter. Great West Life Assurance Co. Can owned about 0.10% of Zumiez worth $300,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Invictus RG purchased a new stake in Zumiez in the first quarter valued at $163,000. Eagle Global Advisors LLC purchased a new stake in Zumiez in the second quarter valued at $124,000. BNP Paribas Arbitrage SA lifted its position in Zumiez by 4.6% in the first quarter. BNP Paribas Arbitrage SA now owns 10,082 shares of the apparel and footwear maker’s stock valued at $185,000 after acquiring an additional 441 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in Zumiez in the first quarter valued at $228,000. Finally, Bank of Montreal Can lifted its position in Zumiez by 1,187.6% in the second quarter. Bank of Montreal Can now owns 14,177 shares of the apparel and footwear maker’s stock valued at $175,000 after acquiring an additional 13,076 shares during the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.
ZUMZ has been the subject of a number of research reports. Zacks Investment Research cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. ValuEngine cut shares of Zumiez from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC set a $15.00 target price on shares of Zumiez and gave the company a “hold” rating in a report on Saturday, June 3rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $16.00 target price (down from $19.00) on shares of Zumiez in a report on Monday, June 5th. Finally, BidaskClub raised shares of Zumiez from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.50.
Zumiez Inc. (NASDAQ ZUMZ) opened at 16.10 on Wednesday. The stock’s 50 day moving average is $12.75 and its 200-day moving average is $15.02. Zumiez Inc. has a 52 week low of $11.43 and a 52 week high of $26.55. The firm has a market capitalization of $405.67 million, a price-to-earnings ratio of 16.97 and a beta of 1.27.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $192.20 million for the quarter, compared to the consensus estimate of $192.12 million. Zumiez had a net margin of 2.78% and a return on equity of 7.83%. Zumiez’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) EPS. On average, equities research analysts expect that Zumiez Inc. will post $0.96 EPS for the current year.
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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