Principal Financial Group Inc. Buys 15,762 Shares of Zumiez Inc. (ZUMZ)

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Principal Financial Group Inc. grew its holdings in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 169,156 shares of the apparel and footwear maker’s stock after acquiring an additional 15,762 shares during the period. Principal Financial Group Inc. owned 0.66% of Zumiez worth $3,243,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. grew its holdings in Zumiez by 1.6% during the 4th quarter. BlackRock Inc. now owns 2,991,857 shares of the apparel and footwear maker’s stock worth $57,354,000 after acquiring an additional 47,508 shares during the period. Vanguard Group Inc grew its holdings in Zumiez by 9.9% during the 3rd quarter. Vanguard Group Inc now owns 2,199,058 shares of the apparel and footwear maker’s stock worth $57,945,000 after acquiring an additional 197,221 shares during the period. Vanguard Group Inc. grew its holdings in Zumiez by 9.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,199,058 shares of the apparel and footwear maker’s stock worth $57,945,000 after acquiring an additional 197,221 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Zumiez by 62.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 769,112 shares of the apparel and footwear maker’s stock worth $14,744,000 after acquiring an additional 294,548 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Zumiez by 53.3% during the 3rd quarter. Renaissance Technologies LLC now owns 714,400 shares of the apparel and footwear maker’s stock worth $18,824,000 after acquiring an additional 248,500 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Shares of ZUMZ opened at $26.54 on Wednesday. The stock has a market capitalization of $676.05 million, a PE ratio of 14.72, a PEG ratio of 1.06 and a beta of 1.23. Zumiez Inc. has a one year low of $17.57 and a one year high of $32.70.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, March 14th. The apparel and footwear maker reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.07. The company had revenue of $304.56 million during the quarter, compared to the consensus estimate of $305.55 million. Zumiez had a return on equity of 12.24% and a net margin of 4.62%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.82 EPS. Analysts anticipate that Zumiez Inc. will post 1.85 earnings per share for the current year.

ZUMZ has been the subject of a number of recent analyst reports. BidaskClub upgraded Zumiez from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. Zacks Investment Research downgraded Zumiez from a “buy” rating to a “hold” rating in a report on Saturday. Pivotal Research reiterated a “buy” rating and set a $28.00 price target on shares of Zumiez in a report on Thursday, January 10th. Finally, ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $25.17.

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Zumiez Profile

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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Institutional Ownership by Quarter for Zumiez (NASDAQ:ZUMZ)

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