Dimensional Fund Advisors LP boosted its position in Zumiez Inc. (NASDAQ:ZUMZ) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,143,187 shares of the apparel and footwear maker’s stock after purchasing an additional 12,751 shares during the period. Dimensional Fund Advisors LP owned about 0.08% of Zumiez worth $53,688,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC purchased a new position in Zumiez in the 2nd quarter valued at approximately $107,000. Sun Life Financial INC purchased a new position in Zumiez during the second quarter worth $110,000. American Century Companies Inc. purchased a new position in Zumiez during the second quarter worth $203,000. Louisiana State Employees Retirement System purchased a new position in Zumiez during the second quarter worth $205,000. Finally, Cambria Investment Management L.P. purchased a new position in Zumiez during the second quarter worth $262,000. 75.75% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Richard Miles Brooks sold 45,827 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $30.01, for a total transaction of $1,375,268.27. Following the sale, the chief executive officer now owns 3,199,509 shares in the company, valued at $96,017,265.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris K. Visser sold 1,934 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $28.08, for a total value of $54,306.72. The disclosure for this sale can be found here. Insiders have sold 124,344 shares of company stock worth $3,788,085 in the last 90 days. Insiders own 27.70% of the company’s stock.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, September 6th. The apparel and footwear maker reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. Zumiez had a return on equity of 9.82% and a net margin of 3.43%. The company had revenue of $219.00 million during the quarter, compared to the consensus estimate of $218.50 million. During the same quarter last year, the business posted ($0.02) earnings per share. Zumiez’s revenue was up 13.9% compared to the same quarter last year. sell-side analysts forecast that Zumiez Inc. will post 1.69 EPS for the current fiscal year.
Several research firms have weighed in on ZUMZ. ValuEngine raised Zumiez from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. BidaskClub downgraded Zumiez from a “buy” rating to a “hold” rating in a research report on Sunday, July 15th. B. Riley set a $32.00 price target on Zumiez and gave the stock a “buy” rating in a research report on Thursday, August 9th. TheStreet downgraded Zumiez from a “b-” rating to a “c+” rating in a research report on Monday, July 16th. Finally, Robert W. Baird reissued a “hold” rating and set a $28.00 price target on shares of Zumiez in a research report on Thursday, August 9th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $27.25.
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 February 3, 2018, the company operated 698 stores, including 607 stores in the United States, 50 stores in Canada, 34 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
Further Reading: Book Value Per Share – BVPS
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