ClariVest Asset Management LLC increased its holdings in Zumiez Inc. (NASDAQ:ZUMZ) by 231.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 62,300 shares of the apparel and footwear maker’s stock after buying an additional 43,501 shares during the period. ClariVest Asset Management LLC’s holdings in Zumiez were worth $1,560,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Zumiez by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,143,187 shares of the apparel and footwear maker’s stock valued at $53,688,000 after buying an additional 12,751 shares during the period. Legal & General Group Plc boosted its holdings in shares of Zumiez by 7.0% in the 2nd quarter. Legal & General Group Plc now owns 36,176 shares of the apparel and footwear maker’s stock valued at $926,000 after buying an additional 2,354 shares during the period. BlackRock Inc. boosted its holdings in shares of Zumiez by 3.2% in the 2nd quarter. BlackRock Inc. now owns 2,986,304 shares of the apparel and footwear maker’s stock valued at $74,807,000 after buying an additional 91,515 shares during the period. Sun Life Financial INC acquired a new position in shares of Zumiez in the 2nd quarter valued at about $110,000. Finally, American Century Companies Inc. acquired a new position in shares of Zumiez in the 2nd quarter valued at about $203,000. 75.87% of the stock is owned by institutional investors and hedge funds.
In other Zumiez news, CFO Christopher Codington Work sold 5,746 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $32.00, for a total transaction of $183,872.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard Miles Brooks sold 40,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $31.33, for a total transaction of $1,253,200.00. Following the sale, the chief executive officer now owns 3,074,206 shares in the company, valued at $96,314,873.98. The disclosure for this sale can be found here. Insiders have sold a total of 619,217 shares of company stock valued at $17,491,660 over the last three months. 27.70% of the stock is currently owned by company insiders.
ZUMZ has been the subject of several research reports. Pivotal Research raised shares of Zumiez from a “hold” rating to a “buy” rating and lifted their price target for the company from $30.00 to $36.00 in a report on Tuesday. B. Riley set a $28.00 price target on shares of Zumiez and gave the company a “buy” rating in a report on Thursday, May 10th. ValuEngine raised shares of Zumiez from a “hold” rating to a “buy” rating in a report on Friday, August 10th. BidaskClub raised shares of Zumiez from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Finally, TheStreet lowered shares of Zumiez from a “b-” rating to a “c+” rating in a research note on Monday, July 16th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Zumiez presently has a consensus rating of “Buy” and a consensus price target of $26.71.
Zumiez stock opened at $30.10 on Thursday. The stock has a market cap of $793.39 million, a price-to-earnings ratio of 27.36 and a beta of 1.16. Zumiez Inc. has a 52-week low of $12.70 and a 52-week high of $32.70.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, June 7th. The apparel and footwear maker reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $206.29 million during the quarter, compared to analyst estimates of $199.34 million. Zumiez had a net margin of 3.01% and a return on equity of 8.64%. Zumiez’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.18) EPS. equities research analysts predict that Zumiez Inc. will post 1.68 earnings per share for the current fiscal year.
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 February 3, 2018, the company operated 698 stores, including 607 stores in the United States, 50 stores in Canada, 34 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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