Ameriprise Financial Inc. Purchases 1,135 Shares of Zumiez Inc. (ZUMZ)
Ameriprise Financial Inc. lifted its position in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,853 shares of the apparel and footwear maker’s stock after purchasing an additional 1,135 shares during the period. Ameriprise Financial Inc. owned 0.36% of Zumiez worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of Zumiez by 3.6% during the first quarter. Principal Financial Group Inc. now owns 132,464 shares of the apparel and footwear maker’s stock worth $2,424,000 after purchasing an additional 4,655 shares during the period. JPMorgan Chase & Co. increased its stake in Zumiez by 598.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,827 shares of the apparel and footwear maker’s stock worth $393,000 after acquiring an additional 27,270 shares during the period. Prudential Financial Inc. increased its stake in Zumiez by 2.5% during the 1st quarter. Prudential Financial Inc. now owns 58,226 shares of the apparel and footwear maker’s stock worth $1,066,000 after acquiring an additional 1,421 shares during the period. Engineers Gate Manager LP bought a new position in Zumiez during the 2nd quarter worth $916,000. Finally, Fox Run Management L.L.C. bought a new position in Zumiez during the 2nd quarter worth $408,000. Institutional investors own 81.38% of the company’s stock.
A number of equities analysts have commented on ZUMZ shares. Zacks Investment Research lowered Zumiez from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. B. Riley upgraded Zumiez from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $17.00 to $18.00 in a research note on Friday, September 8th. BidaskClub upgraded Zumiez from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. BMO Capital Markets set a $16.00 price objective on Zumiez and gave the stock a “hold” rating in a research note on Sunday, September 10th. Finally, Robert W. Baird restated a “hold” rating and set a $17.00 price objective on shares of Zumiez in a research note on Friday, September 8th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Zumiez has an average rating of “Hold” and a consensus price target of $18.50.
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Shares of Zumiez Inc. (NASDAQ:ZUMZ) opened at $17.50 on Wednesday. Zumiez Inc. has a twelve month low of $11.43 and a twelve month high of $26.55. The firm has a market capitalization of $440.27, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 0.94 and a beta of 1.33.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. The company had revenue of $192.20 million for the quarter, compared to the consensus estimate of $192.12 million. During the same quarter last year, the business posted ($0.03) EPS. Zumiez’s revenue for the quarter was up 7.8% on a year-over-year basis. equities research analysts predict that Zumiez Inc. will post 1.05 earnings per share for the current year.
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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