SG Americas Securities LLC reduced its stake in Zumiez Inc. (NASDAQ:ZUMZ) by 20.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,849 shares of the apparel and footwear maker’s stock after selling 7,811 shares during the quarter. SG Americas Securities LLC owned about 0.12% of Zumiez worth $540,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Numeric Investors LLC acquired a new stake in Zumiez in the second quarter valued at approximately $7,672,000. Prudential Financial Inc. boosted its position in Zumiez by 79.0% in the third quarter. Prudential Financial Inc. now owns 317,190 shares of the apparel and footwear maker’s stock valued at $5,741,000 after buying an additional 139,969 shares in the last quarter. Vanguard Group Inc. raised its stake 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 valued at $30,250,000 after acquiring an additional 136,027 shares during the last quarter. Paradigm Capital Management Inc. NY bought a new position in shares of Zumiez during the third quarter valued at $1,448,000. Finally, Engineers Gate Manager LP bought a new position in shares of Zumiez during the second quarter valued at $916,000. Hedge funds and other institutional investors own 74.58% of the company’s stock.
Shares of Zumiez Inc. (NASDAQ:ZUMZ) traded down $0.83 during trading on Tuesday, hitting $20.00. 755,601 shares of the stock were exchanged, compared to its average volume of 489,300. Zumiez Inc. has a 12 month low of $11.43 and a 12 month high of $23.10. The stock has a market cap of $525.83, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. Zumiez had a net margin of 2.84% and a return on equity of 7.99%. The company had revenue of $245.80 million during the quarter, compared to analyst estimates of $244.50 million. During the same period in the prior year, the business posted $0.43 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. analysts anticipate that Zumiez Inc. will post 1.09 EPS for the current year.
In other Zumiez news, Director Scott Andrew Bailey sold 7,843 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $20.75, for a total value of $162,742.25. Following the completion of the transaction, the director now directly owns 9,908 shares in the company, valued at approximately $205,591. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.50% of the stock is currently owned by corporate insiders.
A number of equities analysts recently weighed in on the stock. B. Riley reissued a “buy” rating and set a $18.00 target price on shares of Zumiez in a research note on Wednesday, September 13th. BMO Capital Markets set a $20.00 price target on shares of Zumiez and gave the stock a “hold” rating in a report on Friday, December 1st. Jefferies Group set a $15.00 price objective on shares of Zumiez and gave the stock a “hold” rating in a research report on Thursday, October 5th. Robert W. Baird reissued a “neutral” rating and issued a $17.00 price target on shares of Zumiez in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research lowered shares of Zumiez from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Zumiez currently has a consensus rating of “Hold” and a consensus target price of $20.00.
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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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