Victory Capital Management Inc. decreased its holdings in Zumiez Inc. (NASDAQ:ZUMZ – Get Rating) by 3.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 52,364 shares of the apparel and footwear maker's stock after selling 1,876 shares during the period. Victory Capital Management Inc. owned approximately 0.27% of Zumiez worth $1,128,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its holdings in Zumiez by 22.2% in the second quarter. Thrivent Financial for Lutherans now owns 950,880 shares of the apparel and footwear maker's stock valued at $24,723,000 after buying an additional 172,974 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in Zumiez by 9.2% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 402,562 shares of the apparel and footwear maker's stock valued at $8,667,000 after buying an additional 33,896 shares during the period. ARGI Investment Services LLC raised its holdings in Zumiez by 22.5% in the second quarter. ARGI Investment Services LLC now owns 70,702 shares of the apparel and footwear maker's stock valued at $1,838,000 after buying an additional 12,995 shares during the period. Alps Advisors Inc. purchased a new position in Zumiez in the second quarter valued at approximately $218,000. Finally, Versor Investments LP purchased a new position in Zumiez in the second quarter valued at approximately $723,000. Hedge funds and other institutional investors own 84.77% of the company's stock.
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ZUMZ opened at $28.08 on Friday. The firm has a market capitalization of $547.28 million, a P/E ratio of 12.76 and a beta of 1.49. The firm's 50 day moving average is $23.19 and its 200-day moving average is $24.09. Zumiez Inc. has a 52-week low of $18.86 and a 52-week high of $47.51.
Zumiez (NASDAQ:ZUMZ – Get Rating) last issued its quarterly earnings results on Thursday, December 1st. The apparel and footwear maker reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.19. The business had revenue of $237.59 million during the quarter, compared to analyst estimates of $224.87 million. Zumiez had a net margin of 4.66% and a return on equity of 11.92%. Equities analysts expect that Zumiez Inc. will post 0.99 earnings per share for the current fiscal year.Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of Zumiez in a research note on Wednesday, October 12th. They set a "hold" rating on the stock.
Zumiez Profile
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Zumiez, Inc engages in retailing of apparel, footwear, accessories, and hardgoods for young men and women. It offers hardgoods including skateboards, snowboards, bindings, components, and other equipment under the brand names Zumiez, Blue Tomato, and Fast Times brands. The company was founded by Thomas D.
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