UBS Asset Management Americas Inc. Boosts Stock Position in Zumiez Inc. (NASDAQ:ZUMZ)

UBS Asset Management Americas Inc. raised its stake in Zumiez Inc. (NASDAQ:ZUMZ) by 9.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,990 shares of the apparel and footwear maker’s stock after purchasing an additional 1,514 shares during the period. UBS Asset Management Americas Inc. owned 0.07% of Zumiez worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Zumiez by 2.8% in the second quarter. Vanguard Group Inc. now owns 2,299,513 shares of the apparel and footwear maker’s stock valued at $112,653,000 after purchasing an additional 62,344 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Zumiez by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,253,171 shares of the apparel and footwear maker’s stock valued at $61,393,000 after purchasing an additional 19,829 shares during the last quarter. State Street Corp grew its stake in Zumiez by 10.1% in the second quarter. State Street Corp now owns 910,975 shares of the apparel and footwear maker’s stock valued at $44,629,000 after purchasing an additional 83,942 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Zumiez by 22.2% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 603,955 shares of the apparel and footwear maker’s stock valued at $29,588,000 after purchasing an additional 109,808 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Zumiez by 23.1% in the second quarter. Goldman Sachs Group Inc. now owns 517,524 shares of the apparel and footwear maker’s stock valued at $25,353,000 after purchasing an additional 97,013 shares during the last quarter. Institutional investors own 82.72% of the company’s stock.

In other Zumiez news, Director Thomas D. Campion sold 40,453 shares of the business’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $55.13, for a total value of $2,230,173.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 23.10% of the company’s stock.

Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Zumiez from a “hold” rating to a “sell” rating and set a $56.00 price target for the company. in a report on Wednesday, November 10th. Pivotal Research lowered their price target on Zumiez from $52.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, September 8th. Jefferies Financial Group downgraded Zumiez from a “buy” rating to a “hold” rating and lowered their price target for the stock from $52.00 to $42.00 in a report on Tuesday, September 21st. Robert W. Baird lowered their price target on Zumiez from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, September 10th. Finally, B. Riley lowered their price target on Zumiez from $65.00 to $56.00 and set a “buy” rating for the company in a report on Monday, September 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.83.

Zumiez stock opened at $49.72 on Thursday. Zumiez Inc. has a 52 week low of $34.77 and a 52 week high of $55.10. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 10.34 and a beta of 1.73. The stock has a 50-day moving average price of $44.36 and a 200 day moving average price of $44.02.

Zumiez (NASDAQ:ZUMZ) last released its earnings results on Wednesday, September 8th. The apparel and footwear maker reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.23. Zumiez had a return on equity of 22.33% and a net margin of 10.63%. The firm had revenue of $268.67 million during the quarter, compared to the consensus estimate of $280.51 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. On average, analysts expect that Zumiez Inc. will post 4.71 EPS for the current fiscal year.

Zumiez Profile

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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Institutional Ownership by Quarter for Zumiez (NASDAQ:ZUMZ)

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