Russell Investments Group Ltd. purchased a new stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,000 shares of the apparel and footwear maker’s stock, valued at approximately $199,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its holdings in Zumiez by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 91,853 shares of the apparel and footwear maker’s stock worth $1,135,000 after purchasing an additional 1,135 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in Zumiez by 0.6% in the second quarter. Disciplined Growth Investors Inc. MN now owns 259,975 shares of the apparel and footwear maker’s stock worth $3,211,000 after purchasing an additional 1,475 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Zumiez by 1.3% in the second quarter. Principal Financial Group Inc. now owns 134,150 shares of the apparel and footwear maker’s stock worth $1,657,000 after purchasing an additional 1,686 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Zumiez by 2.8% in the second quarter. New York State Common Retirement Fund now owns 65,252 shares of the apparel and footwear maker’s stock worth $806,000 after purchasing an additional 1,808 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Zumiez by 12.5% in the second quarter. The Manufacturers Life Insurance Company now owns 16,475 shares of the apparel and footwear maker’s stock worth $204,000 after purchasing an additional 1,829 shares during the last quarter. 74.58% of the stock is owned by institutional investors.

ZUMZ has been the topic of several research reports. B. Riley set a $23.00 target price on shares of Zumiez and gave the stock a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Tuesday, September 12th. Jefferies Group set a $22.00 target price on shares of Zumiez and gave the stock a “hold” rating in a report on Thursday, January 4th. Robert W. Baird restated a “neutral” rating and issued a $17.00 target price on shares of Zumiez in a report on Tuesday, October 3rd. Finally, William Blair restated a “buy” rating on shares of Zumiez in a report on Thursday, January 4th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $20.50.

In other news, Director Scott Andrew Bailey sold 7,843 shares of Zumiez stock in a transaction on Monday, December 4th. The shares were sold at an average price of $20.75, for a total transaction of $162,742.25. Following the transaction, the director now owns 9,908 shares in the company, valued at approximately $205,591. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 27.50% of the company’s stock.

Zumiez Inc. (NASDAQ:ZUMZ) opened at $23.00 on Tuesday. The firm has a market cap of $580.74, a price-to-earnings ratio of 22.77, a PEG ratio of 1.06 and a beta of 1.39. Zumiez Inc. has a one year low of $11.43 and a one year high of $24.44.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The business had revenue of $245.80 million for the quarter, compared to analysts’ expectations of $244.50 million. Zumiez had a net margin of 2.84% and a return on equity of 7.99%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. analysts expect that Zumiez Inc. will post 1.18 earnings per share for the current year.

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About Zumiez

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.

Institutional Ownership by Quarter for Zumiez (NASDAQ:ZUMZ)

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