Dimensional Fund Advisors LP Has $41.13 Million Position in Zumiez Inc. (ZUMZ)
Dimensional Fund Advisors LP boosted its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,145,655 shares of the apparel and footwear maker’s stock after purchasing an additional 1,781 shares during the period. Dimensional Fund Advisors LP owned about 0.08% of Zumiez worth $41,132,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZUMZ. Millennium Management LLC lifted its position in shares of Zumiez by 612.5% in the fourth quarter. Millennium Management LLC now owns 86,059 shares of the apparel and footwear maker’s stock valued at $1,650,000 after acquiring an additional 73,980 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Zumiez by 2.1% in the fourth quarter. Legal & General Group Plc now owns 40,656 shares of the apparel and footwear maker’s stock worth $777,000 after purchasing an additional 841 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Zumiez by 10.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 472,170 shares of the apparel and footwear maker’s stock worth $9,051,000 after purchasing an additional 44,306 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Zumiez in the fourth quarter worth about $567,000. Finally, Gotham Asset Management LLC increased its holdings in shares of Zumiez by 15.6% in the fourth quarter. Gotham Asset Management LLC now owns 19,212 shares of the apparel and footwear maker’s stock worth $368,000 after purchasing an additional 2,594 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.
Shares of NASDAQ ZUMZ opened at $21.15 on Monday. Zumiez Inc. has a 1-year low of $17.57 and a 1-year high of $32.70. The company has a market cap of $543.98 million, a price-to-earnings ratio of 11.82, a P/E/G ratio of 0.90 and a beta of 1.24.
In other Zumiez news, insider Troy R. Brown sold 20,324 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $27.41, for a total transaction of $557,080.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott Andrew Bailey sold 5,986 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $25.94, for a total value of $155,276.84. Following the sale, the director now directly owns 3,189 shares in the company, valued at $82,722.66. The disclosure for this sale can be found here. Insiders own 23.10% of the company’s stock.
Several brokerages have recently issued reports on ZUMZ. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Monday, May 13th. BidaskClub raised Zumiez from a “sell” rating to a “hold” rating in a report on Monday, February 25th. Pivotal Research reaffirmed a “hold” rating and issued a $28.00 target price on shares of Zumiez in a report on Monday, April 22nd. Wedbush cut Zumiez from a “neutral” rating to an “underperform” rating and set a $22.00 target price on the stock. in a report on Thursday, May 9th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Zumiez from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $25.14.
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Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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