Paradigm Capital Management Inc. NY Takes Position in Zumiez Inc. (ZUMZ)
Paradigm Capital Management Inc. NY purchased a new stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 80,000 shares of the apparel and footwear maker’s stock, valued at approximately $1,448,000. Paradigm Capital Management Inc. NY owned about 0.32% of Zumiez at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Zumiez by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,136,908 shares of the apparel and footwear maker’s stock valued at $26,391,000 after purchasing an additional 39,438 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Zumiez by 7.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,776,196 shares of the apparel and footwear maker’s stock valued at $21,936,000 after purchasing an additional 123,142 shares during the last quarter. Numeric Investors LLC acquired a new stake in Zumiez during the 2nd quarter valued at $7,672,000. FMR LLC lifted its holdings in Zumiez by 6.5% during the 2nd quarter. FMR LLC now owns 595,966 shares of the apparel and footwear maker’s stock valued at $7,361,000 after purchasing an additional 36,144 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Zumiez by 79.0% during the 3rd quarter. Prudential Financial Inc. now owns 317,190 shares of the apparel and footwear maker’s stock valued at $5,741,000 after purchasing an additional 139,969 shares during the last quarter. 82.23% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the company. Jefferies Group LLC set a $15.00 price target on Zumiez and gave the company a “hold” rating in a report on Thursday, October 5th. B. Riley reaffirmed a “buy” rating and set a $21.00 price target (up previously from $18.00) on shares of Zumiez in a report on Thursday, October 5th. Robert W. Baird reaffirmed a “neutral” rating and set a $17.00 price target on shares of Zumiez in a report on Tuesday, October 3rd. Zacks Investment Research raised Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Tuesday, September 12th. Finally, BMO Capital Markets set a $16.00 price target on Zumiez and gave the company a “hold” rating in a report on Sunday, September 10th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.50.
Zumiez Inc. (NASDAQ:ZUMZ) traded up $0.75 during mid-day trading on Monday, reaching $18.90. The company’s stock had a trading volume of 344,500 shares, compared to its average volume of 504,743. The company has a market cap of $476.86, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.00 and a beta of 1.33. Zumiez Inc. has a 1 year low of $11.43 and a 1 year high of $26.55.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) EPS for the quarter, topping the Zacks’ 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 analysts’ expectations of $192.12 million. During the same quarter last year, the business earned ($0.03) earnings per share. Zumiez’s revenue was up 7.8% on a year-over-year basis. sell-side analysts predict that Zumiez Inc. will post 1.05 earnings per share for the current year.
Zumiez Company Profile
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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