Adams Diversified Equity Fund Inc. Has $545,000 Position in Zumiez Inc. (NASDAQ:ZUMZ)
Adams Diversified Equity Fund Inc. decreased its position in Zumiez Inc. (NASDAQ:ZUMZ) by 12.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,100 shares of the apparel and footwear maker’s stock after selling 6,000 shares during the period. Adams Diversified Equity Fund Inc. owned 0.18% of Zumiez worth $545,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. First Mercantile Trust Co. boosted its stake in Zumiez by 44.1% in the first quarter. First Mercantile Trust Co. now owns 8,865 shares of the apparel and footwear maker’s stock worth $162,000 after buying an additional 2,715 shares during the last quarter. Invictus RG acquired a new stake in Zumiez during the first quarter valued at approximately $163,000. Thrivent Financial for Lutherans acquired a new stake in Zumiez during the fourth quarter valued at approximately $206,000. BNP Paribas Arbitrage SA boosted its stake 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 buying an additional 441 shares in the last quarter. Finally, Gotham Asset Management LLC purchased a new position in shares of Zumiez during the first quarter valued at about $228,000. 84.82% of the stock is owned by institutional investors.
Zumiez Inc. (NASDAQ:ZUMZ) opened at 12.85 on Monday. The stock’s 50 day moving average price is $12.44 and its 200 day moving average price is $16.46. Zumiez Inc. has a 12-month low of $11.60 and a 12-month high of $26.55. The company has a market capitalization of $323.78 million, a price-to-earnings ratio of 13.54 and a beta of 1.22.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share for the quarter, topping 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 company had revenue of $181.20 million during the quarter, compared to analysts’ expectations of $179.35 million. During the same period in the prior year, the company posted ($0.08) earnings per share. Zumiez’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Zumiez Inc. will post $0.94 earnings per share for the current fiscal year.
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ZUMZ has been the subject of several recent research reports. BidaskClub raised Zumiez from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 target price on shares of Zumiez in a report on Monday, May 15th. ValuEngine cut Zumiez from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BMO Capital Markets set a $16.00 price objective on Zumiez and gave the stock a “hold” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research upgraded Zumiez from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 1st. 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 company’s stock. The company has an average rating of “Hold” and a consensus price target of $20.85.
Zumiez Company Profile
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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