Eagle Global Advisors LLC Invests $124,000 in Zumiez Inc. (ZUMZ)
Eagle Global Advisors LLC acquired a new position in shares of Zumiez Inc. (NASDAQ:ZUMZ) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,030 shares of the apparel and footwear maker’s stock, valued at approximately $124,000.
Other large investors have also modified their holdings of the company. State Street Corp increased its stake in shares of Zumiez by 44.8% in the fourth quarter. State Street Corp now owns 553,880 shares of the apparel and footwear maker’s stock worth $12,099,000 after buying an additional 171,364 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Zumiez during the fourth quarter valued at $206,000. Norges Bank purchased a new position in shares of Zumiez during the fourth quarter valued at $1,616,000. Teachers Advisors LLC increased its position in shares of Zumiez by 594.9% in the fourth quarter. Teachers Advisors LLC now owns 221,731 shares of the apparel and footwear maker’s stock valued at $4,845,000 after buying an additional 189,821 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new position in shares of Zumiez during the fourth quarter valued at $931,000. 84.82% of the stock is owned by hedge funds and other institutional investors.
Shares of Zumiez Inc. (NASDAQ:ZUMZ) opened at 12.85 on Wednesday. The firm has a 50-day moving average of $12.43 and a 200 day moving average of $16.38. Zumiez Inc. has a 52 week low of $11.60 and a 52 week high of $26.55. The stock has a market cap of $323.78 million, a PE ratio of 13.54 and a beta of 1.22.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, June 1st. The apparel and footwear maker reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.02. Zumiez had a net margin of 2.79% and a return on equity of 7.98%. The business had revenue of $181.20 million for the quarter, compared to analyst estimates of $179.35 million. During the same quarter last year, the business earned ($0.08) earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that Zumiez Inc. will post $0.94 EPS for the current fiscal year.
ZUMZ has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. BMO Capital Markets set a $16.00 target price on shares of Zumiez and gave the stock a “hold” rating in a report on Thursday, July 6th. ValuEngine downgraded shares of Zumiez from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised shares of Zumiez from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 target price on shares of Zumiez in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.85.
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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