Nisa Investment Advisors LLC Continues to Hold Stake in Zumiez Inc. (ZUMZ)
Nisa Investment Advisors LLC continued to hold its position in Zumiez Inc. (NASDAQ:ZUMZ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,300 shares of the apparel and footwear maker’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Zumiez were worth $226,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. First Mercantile Trust Co. boosted its position 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 valued at $162,000 after buying an additional 2,715 shares during the period. Invictus RG acquired a new position in Zumiez during the first quarter valued at about $163,000. Bank of Montreal Can boosted its position 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 valued at $175,000 after buying an additional 13,076 shares during the period. BNP Paribas Arbitrage SA boosted its position in Zumiez by 4.6% in the first quarter. BNP Paribas Arbitrage SA now owns 10,082 shares of the apparel and footwear maker’s stock valued at $185,000 after buying an additional 441 shares during the period. Finally, Gotham Asset Management LLC acquired a new position in Zumiez during the first quarter valued at about $228,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.
Zumiez Inc. (NASDAQ:ZUMZ) traded up 0.207% during midday trading on Tuesday, hitting $12.125. The stock had a trading volume of 112,868 shares. Zumiez Inc. has a 52-week low of $11.60 and a 52-week high of $26.55. The firm has a market capitalization of $305.51 million, a P/E ratio of 12.777 and a beta of 1.22. The firm has a 50-day moving average of $12.48 and a 200 day moving average of $16.01.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, June 1st. The apparel and footwear maker reported ($0.18) EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $179.35 million. During the same period in the previous year, the firm posted ($0.08) earnings per share. The business’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 year.
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ZUMZ has been the topic of several analyst reports. BMO Capital Markets set a $16.00 price objective on Zumiez and gave the company a “hold” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Zumiez from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and set a $19.00 target price on shares of Zumiez in a research note on Monday, May 15th. ValuEngine lowered shares of Zumiez from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of Zumiez from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Zumiez presently has an average rating of “Hold” and a consensus 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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