Vanguard Group Inc. grew its position in Zumiez Inc. (NASDAQ:ZUMZ) by 7.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,776,196 shares of the apparel and footwear maker’s stock after purchasing an additional 123,142 shares during the period. Vanguard Group Inc. owned about 7.05% of Zumiez worth $21,936,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ZUMZ. Dimensional Fund Advisors LP raised its holdings in shares of Zumiez by 15.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,097,470 shares of the apparel and footwear maker’s stock valued at $38,384,000 after purchasing an additional 274,546 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Zumiez by 204.4% in the second quarter. Prudential Financial Inc. now owns 177,221 shares of the apparel and footwear maker’s stock valued at $2,189,000 after purchasing an additional 118,995 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Zumiez in the second quarter valued at about $916,000. California Public Employees Retirement System raised its holdings in shares of Zumiez by 113.9% in the first quarter. California Public Employees Retirement System now owns 130,700 shares of the apparel and footwear maker’s stock valued at $2,609,000 after purchasing an additional 69,600 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in shares of Zumiez by 31.2% in the second quarter. Great Lakes Advisors LLC now owns 287,985 shares of the apparel and footwear maker’s stock valued at $3,557,000 after purchasing an additional 68,416 shares during the last quarter. Institutional investors own 82.23% of the company’s stock.

Zumiez Inc. (NASDAQ ZUMZ) opened at $17.70 on Wednesday. The firm has a market cap of $476.86, a PE ratio of 19.49, a PEG ratio of 1.00 and a beta of 1.33. Zumiez Inc. has a 12 month low of $11.43 and a 12 month high of $26.55.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. The firm had revenue of $192.20 million during 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%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) earnings per share. analysts expect that Zumiez Inc. will post 1.05 earnings per share for the current fiscal year.

A number of analysts recently issued reports on the stock. B. Riley restated a “buy” rating and set a $18.00 price objective on shares of Zumiez in a report on Wednesday, September 13th. BMO Capital Markets set a $16.00 price objective on shares of Zumiez and gave the stock a “hold” rating in a report on Tuesday, August 8th. Robert W. Baird restated a “neutral” rating and set a $17.00 price objective on shares of Zumiez in a report on Tuesday, October 3rd. BidaskClub upgraded shares of Zumiez from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Tuesday, September 12th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Zumiez currently has an average rating of “Hold” and an average price target of $18.50.

WARNING: This piece of content was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/15/vanguard-group-inc-has-21-94-million-stake-in-zumiez-inc-zumz.html.

Zumiez 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.

Want to see what other hedge funds are holding ZUMZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zumiez Inc. (NASDAQ:ZUMZ).

Institutional Ownership by Quarter for Zumiez (NASDAQ:ZUMZ)

Receive News & Stock Ratings for Zumiez Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zumiez Inc. and related stocks with our FREE daily email newsletter.