Ameriprise Financial Inc. boosted its stake in Zumiez Inc. (NASDAQ:ZUMZ) by 20.6% in the third quarter, HoldingsChannel.com reports. The firm owned 110,743 shares of the apparel and footwear maker’s stock after buying an additional 18,890 shares during the period. Ameriprise Financial Inc.’s holdings in Zumiez were worth $2,005,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thrivent Financial For Lutherans acquired a new stake in Zumiez in the second quarter valued at $130,000. Russell Investments Group Ltd. bought a new stake in Zumiez during the third quarter valued at $199,000. Voya Investment Management LLC bought a new stake in Zumiez during the second quarter valued at $142,000. ClariVest Asset Management LLC bought a new stake in Zumiez during the third quarter valued at $212,000. Finally, Marshall Wace North America L.P. bought a new stake in Zumiez during the second quarter valued at $155,000. Institutional investors and hedge funds own 74.58% of the company’s stock.
A number of analysts have commented on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $17.00 price target on shares of Zumiez in a research report on Tuesday, October 3rd. B. Riley reaffirmed a “buy” rating and set a $18.00 price target on shares of Zumiez in a research report on Wednesday, September 13th. Zacks Investment Research raised shares of Zumiez from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, September 12th. Jefferies Group set a $15.00 price target on shares of Zumiez and gave the company a “hold” rating in a research report on Thursday, October 5th. Finally, BMO Capital Markets set a $20.00 price target on shares of Zumiez and gave the company a “hold” rating in a research report on Friday, December 1st. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Zumiez has a consensus rating of “Hold” and a consensus target price of $20.50.
Shares of Zumiez Inc. (NASDAQ:ZUMZ) opened at $22.55 on Monday. The company has a market cap of $569.38, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. Zumiez Inc. has a 1 year low of $11.43 and a 1 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 EPS for the quarter, meeting the Zacks’ 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 business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 earnings per share. equities analysts predict that Zumiez Inc. will post 1.18 earnings per share for the current fiscal year.
In other news, Director Scott Andrew Bailey sold 7,843 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $205,591. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 27.50% of the stock is owned by corporate insiders.
COPYRIGHT VIOLATION NOTICE: “Ameriprise Financial Inc. Buys 18,890 Shares of Zumiez Inc. (ZUMZ)” was originally published by Equities Focus and is the sole property of of Equities Focus. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.equitiesfocus.com/2018/01/08/ameriprise-financial-inc-buys-18890-shares-of-zumiez-inc-zumz.html.
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.
Want to see what other hedge funds are holding ZUMZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zumiez Inc. (NASDAQ:ZUMZ).
Receive News & Ratings for Zumiez Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zumiez and related companies with MarketBeat.com's FREE daily email newsletter.