Zumiez Inc. (ZUMZ) Position Lowered by Morgan Dempsey Capital Management LLC
Morgan Dempsey Capital Management LLC reduced its position in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,382 shares of the apparel and footwear maker’s stock after selling 447 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Zumiez were worth $141,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Eagle Global Advisors LLC purchased a new stake in Zumiez during the second quarter worth about $124,000. Texas Permanent School Fund increased its stake in Zumiez by 2.1% in the second quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock worth $159,000 after buying an additional 260 shares during the period. First Mercantile Trust Co. increased its stake in Zumiez by 44.1% in the first quarter. First Mercantile Trust Co. now owns 8,865 shares of the apparel and footwear maker’s stock worth $162,000 after buying an additional 2,715 shares during the period. Invictus RG purchased a new stake in Zumiez during the first quarter worth about $163,000. Finally, Bank of Montreal Can increased its stake in Zumiez by 1,187.6% in the second quarter. Bank of Montreal Can now owns 14,177 shares of the apparel and footwear maker’s stock worth $175,000 after buying an additional 13,076 shares during the period. 84.82% of the stock is owned by institutional investors and hedge funds.
Shares of Zumiez Inc. (NASDAQ ZUMZ) opened at 12.15 on Friday. Zumiez Inc. has a 12 month low of $11.60 and a 12 month high of $26.55. The stock has a 50 day moving average price of $12.47 and a 200 day moving average price of $16.17. The stock has a market cap of $306.14 million, a P/E ratio of 12.80 and a beta of 1.22.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly 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. The company had revenue of $181.20 million for the quarter, compared to the consensus estimate of $179.35 million. Zumiez had a return on equity of 7.98% and a net margin of 2.79%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted ($0.08) earnings per share. Equities analysts anticipate that Zumiez Inc. will post $0.94 EPS for the current fiscal year.
A number of research firms have issued reports on ZUMZ. Jefferies Group LLC reissued a “hold” rating and set a $19.00 price target on shares of Zumiez in a research report on Monday, May 15th. Zacks Investment Research raised Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. BMO Capital Markets set a $16.00 price target on Zumiez and gave the company a “hold” rating in a research report on Tuesday. BidaskClub raised Zumiez from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded Zumiez from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Zumiez presently 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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