Ameriprise Financial Inc. Purchases 18,890 Shares of Zumiez Inc. (ZUMZ)

Ameriprise Financial Inc. boosted its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 20.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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. owned about 0.44% of Zumiez worth $2,005,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Zumiez by 598.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 31,827 shares of the apparel and footwear maker’s stock valued at $393,000 after buying an additional 27,270 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Zumiez by 42.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 61,333 shares of the apparel and footwear maker’s stock valued at $757,000 after buying an additional 18,259 shares in the last quarter. Adams Diversified Equity Fund Inc. grew its stake in shares of Zumiez by 78.5% in the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 78,700 shares of the apparel and footwear maker’s stock valued at $1,424,000 after buying an additional 34,600 shares in the last quarter. Gotham Asset Management LLC grew its stake in shares of Zumiez by 98.5% in the 2nd quarter. Gotham Asset Management LLC now owns 24,742 shares of the apparel and footwear maker’s stock valued at $306,000 after buying an additional 12,277 shares in the last quarter. Finally, Strategic Wealth Advisors Group LLC bought a new stake in shares of Zumiez in the 3rd quarter valued at approximately $612,000. Hedge funds and other institutional investors own 74.58% of the company’s stock.

A number of brokerages have recently commented on ZUMZ. Robert W. Baird reiterated a “neutral” rating and set a $17.00 price target on shares of Zumiez in a report on Tuesday, October 3rd. B. Riley restated a “buy” rating and issued a $21.00 target price (up from $18.00) on shares of Zumiez in a research note on Thursday, October 5th. Jefferies Group set a $15.00 target price on Zumiez and gave the company a “hold” rating in a research note on Thursday, October 5th. BMO Capital Markets set a $20.00 price objective on Zumiez and gave the stock a “hold” rating in a research note on Friday, December 1st. Finally, William Blair reiterated a “buy” rating on shares of Zumiez in a research note on Thursday, January 4th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $20.50.

Shares of Zumiez Inc. (ZUMZ) traded up $0.50 during mid-day trading on Monday, hitting $22.90. The stock had a trading volume of 206,700 shares, compared to its average volume of 679,311. The company has a market capitalization of $578.22, a PE ratio of 22.45, a PEG ratio of 1.08 and a beta of 1.39. Zumiez Inc. has a 12 month low of $11.43 and a 12 month high of $24.44.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share (EPS) for the quarter, meeting the 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 return on equity of 7.99% and a net margin of 2.84%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 earnings per share. sell-side analysts anticipate that Zumiez Inc. will post 1.18 earnings per share for the current year.

In other Zumiez news, Director Scott Andrew Bailey sold 7,843 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $20.75, for a total value of $162,742.25. Following the transaction, the director now owns 9,908 shares of the company’s stock, valued at $205,591. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 27.50% of the company’s stock.

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About Zumiez

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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