Russell Investments Group Ltd. Has $381,000 Stake in Zumiez Inc. (NASDAQ:ZUMZ)
Russell Investments Group Ltd. reduced its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 69.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,800 shares of the apparel and footwear maker’s stock after selling 48,111 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Zumiez worth $381,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in ZUMZ. Norges Bank acquired a new position in Zumiez during the fourth quarter worth approximately $1,616,000. Dimensional Fund Advisors LP raised its position in Zumiez by 19.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,822,924 shares of the apparel and footwear maker’s stock worth $39,831,000 after buying an additional 294,042 shares in the last quarter. Comerica Bank raised its position in 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 raised its position in 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, State Board of Administration of Florida Retirement System raised its position in 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. 85.12% of the stock is currently owned by institutional investors and hedge funds.
Zumiez Inc. (ZUMZ) traded up 0.195% during midday trading on Friday, reaching $12.825. The company had a trading volume of 118,309 shares. The company has a market capitalization of $323.15 million, a PE ratio of 13.514 and a beta of 1.22. Zumiez Inc. has a 12-month low of $11.60 and a 12-month high of $26.55. The stock has a 50-day moving average price of $12.44 and a 200 day moving average price of $16.46.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.02. The company had revenue of $181.20 million during the quarter, compared to the consensus estimate of $179.35 million. Zumiez had a net margin of 2.79% and a return on equity of 7.98%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.08) earnings per share. Equities analysts forecast that Zumiez Inc. will post $0.94 EPS for the current year.
A number of research firms have commented on ZUMZ. Zacks Investment Research raised Zumiez from a “strong sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub upgraded Zumiez from a “strong sell” rating to a “sell” rating in a research report on Monday. BMO Capital Markets set a $16.00 target price on Zumiez and gave the stock a “hold” rating in a research report on Thursday, July 6th. Jefferies Group LLC set a $15.00 target price on Zumiez and gave the stock a “hold” rating in a research report on Thursday, July 6th. Finally, ValuEngine downgraded Zumiez from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $20.50.
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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