Voya Investment Management LLC Buys New Holdings in Zumiez Inc. (ZUMZ)
Voya Investment Management LLC bought a new position in shares of Zumiez Inc. (NASDAQ:ZUMZ) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,485 shares of the apparel and footwear maker’s stock, valued at approximately $142,000.
Several other institutional investors have also added to or reduced their stakes in ZUMZ. Dimensional Fund Advisors LP grew its holdings in shares of Zumiez by 15.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,097,470 shares of the apparel and footwear maker’s stock worth $38,384,000 after buying an additional 274,546 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Zumiez by 9.0% during the first quarter. Vanguard Group Inc. now owns 1,653,054 shares of the apparel and footwear maker’s stock worth $30,250,000 after buying an additional 136,027 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Zumiez by 204.4% during the second quarter. Prudential Financial Inc. now owns 177,221 shares of the apparel and footwear maker’s stock worth $2,189,000 after buying an additional 118,995 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Zumiez during the second quarter worth $916,000. Finally, California Public Employees Retirement System grew its holdings in shares of Zumiez by 113.9% during the first quarter. California Public Employees Retirement System now owns 130,700 shares of the apparel and footwear maker’s stock worth $2,609,000 after buying an additional 69,600 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.
Shares of Zumiez Inc. (NASDAQ:ZUMZ) opened at $18.60 on Thursday. Zumiez Inc. has a 1-year low of $11.43 and a 1-year high of $26.55. The stock has a market cap of $488.21, a PE ratio of 19.95, a P/E/G ratio of 1.02 and a beta of 1.33.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. Zumiez had a net margin of 2.78% and a return on equity of 7.83%. The company had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $192.12 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. Zumiez’s revenue for the quarter was up 7.8% compared to the same quarter last year. analysts anticipate that Zumiez Inc. will post 1.05 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on ZUMZ. B. Riley reaffirmed a “buy” rating and set a $18.00 target price on shares of Zumiez in a report on Wednesday, September 13th. Zacks Investment Research raised shares of Zumiez from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 1st. BMO Capital Markets set a $16.00 target price on shares of Zumiez and gave the stock a “hold” rating in a report on Tuesday, August 8th. Jefferies Group LLC set a $15.00 target price on shares of Zumiez and gave the stock a “hold” rating in a report on Thursday, October 5th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $17.00 target price on shares of Zumiez in a report on Tuesday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.50.
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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