State Street Corp Increases Stock Position in Zumiez Inc. (NASDAQ:ZUMZ)

State Street Corp grew its stake in Zumiez Inc. (NASDAQ:ZUMZ) by 37.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 477,152 shares of the apparel and footwear maker’s stock after acquiring an additional 128,774 shares during the period. State Street Corp’s holdings in Zumiez were worth $10,163,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in ZUMZ. Acadian Asset Management LLC increased its holdings in Zumiez by 225.2% in the 2nd quarter. Acadian Asset Management LLC now owns 213,722 shares of the apparel and footwear maker’s stock valued at $4,161,000 after purchasing an additional 147,996 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Zumiez by 42.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 416,274 shares of the apparel and footwear maker’s stock worth $8,867,000 after buying an additional 123,047 shares during the period. AQR Capital Management LLC grew its stake in shares of Zumiez by 261.0% in the second quarter. AQR Capital Management LLC now owns 148,095 shares of the apparel and footwear maker’s stock valued at $2,885,000 after buying an additional 107,073 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Zumiez by 641.2% in the 2nd quarter. Marshall Wace LLP now owns 120,814 shares of the apparel and footwear maker’s stock valued at $2,353,000 after buying an additional 104,514 shares during the period. Finally, Bank of Montreal Can acquired a new position in Zumiez during the 2nd quarter worth about $1,979,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Zumiez Stock Up 6.0 %

Zumiez stock opened at $19.85 on Friday. Zumiez Inc. has a 52-week low of $12.90 and a 52-week high of $31.37. The firm has a market cap of $380.58 million, a PE ratio of -7.72 and a beta of 1.25. The company’s 50 day moving average is $21.30 and its two-hundred day moving average is $22.29.

Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. The firm had revenue of $222.50 million during the quarter, compared to analyst estimates of $222.06 million. During the same period last year, the business posted ($0.12) earnings per share. Zumiez’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Zumiez Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley lifted their target price on Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, September 6th.

About Zumiez

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.