Wells Fargo & Company MN lowered its position in Zumiez Inc. (NASDAQ:ZUMZ) by 25.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,180 shares of the apparel and footwear maker’s stock after selling 4,905 shares during the period. Wells Fargo & Company MN owned 0.06% of Zumiez worth $175,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Texas Permanent School Fund raised its position in shares of Zumiez by 2.1% in the 2nd quarter. Texas Permanent School Fund now owns 12,877 shares of the apparel and footwear maker’s stock worth $159,000 after acquiring an additional 260 shares in the last quarter. Principal Financial Group Inc. increased its position in Zumiez by 1.3% during the 2nd quarter. Principal Financial Group Inc. now owns 134,150 shares of the apparel and footwear maker’s stock valued at $1,657,000 after buying an additional 1,686 shares in the last quarter. Legal & General Group Plc increased its position in Zumiez by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 31,374 shares of the apparel and footwear maker’s stock valued at $387,000 after buying an additional 2,607 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Zumiez by 29.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,016 shares of the apparel and footwear maker’s stock valued at $161,000 after buying an additional 2,934 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Zumiez by 3.6% during the 1st quarter. Geode Capital Management LLC now owns 157,587 shares of the apparel and footwear maker’s stock valued at $2,883,000 after buying an additional 5,452 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

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Zumiez Inc. (NASDAQ ZUMZ) opened at $18.60 on Friday. Zumiez Inc. has a 52-week low of $11.43 and a 52-week high of $26.55. The firm has a market capitalization of $469.29, a P/E ratio of 19.95, a P/E/G ratio of 1.02 and a beta of 1.33.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The company had revenue of $192.20 million during the quarter, compared to analyst estimates of $192.12 million. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) EPS. equities analysts predict that Zumiez Inc. will post 1.05 earnings per share for the current year.

A number of research firms recently weighed in on ZUMZ. Jefferies Group LLC set a $15.00 price objective on Zumiez and gave the company a “hold” rating in a research report on Thursday, October 5th. B. Riley reaffirmed a “buy” rating and set a $21.00 price objective (up previously from $18.00) on shares of Zumiez in a research report on Thursday, October 5th. Robert W. Baird reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Zumiez in a research report on Tuesday, October 3rd. Zacks Investment Research raised Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, September 12th. Finally, BMO Capital Markets set a $16.00 price objective on Zumiez and gave the company a “hold” rating in a research report on Sunday, September 10th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Zumiez 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.

Institutional Ownership by Quarter for Zumiez (NASDAQ:ZUMZ)

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