New York State Common Retirement Fund Grows Holdings in Zumiez Inc. (NASDAQ:ZUMZ)

New York State Common Retirement Fund grew its holdings in Zumiez Inc. (NASDAQ:ZUMZ) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,094 shares of the apparel and footwear maker’s stock after purchasing an additional 1,194 shares during the period. New York State Common Retirement Fund owned about 0.08% of Zumiez worth $1,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Zumiez by 4.7% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 71,100 shares of the apparel and footwear maker’s stock worth $3,483,000 after purchasing an additional 3,200 shares during the period. Alliancebernstein L.P. grew its position in shares of Zumiez by 3.0% during the 2nd quarter. Alliancebernstein L.P. now owns 112,843 shares of the apparel and footwear maker’s stock worth $5,528,000 after buying an additional 3,262 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of Zumiez during the 1st quarter worth $419,000. Arrowstreet Capital Limited Partnership grew its position in shares of Zumiez by 93.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 184,018 shares of the apparel and footwear maker’s stock worth $7,894,000 after buying an additional 89,068 shares in the last quarter. Finally, Capital Impact Advisors LLC bought a new position in shares of Zumiez during the 1st quarter worth $513,000. Institutional investors and hedge funds own 80.59% of the company’s stock.

In other Zumiez news, Director Holmes Kalen sold 2,483 shares of the firm’s stock in a transaction dated Monday, August 16th. The stock was sold at an average price of $41.99, for a total value of $104,261.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 23.10% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on ZUMZ. Zacks Investment Research downgraded Zumiez from a “strong-buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a research report on Thursday, August 5th. Pivotal Research dropped their price target on Zumiez from $52.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, September 8th. B. Riley dropped their price target on Zumiez from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Robert W. Baird dropped their price objective on Zumiez from $52.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, September 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.00.

Shares of ZUMZ stock opened at $37.56 on Wednesday. Zumiez Inc. has a 1-year low of $26.73 and a 1-year high of $52.00. The stock’s 50-day moving average is $42.48 and its 200 day moving average is $44.20. The company has a market cap of $968.33 million, a P/E ratio of 7.81 and a beta of 1.72.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Wednesday, September 8th. The apparel and footwear maker reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.23. The company had revenue of $268.67 million for the quarter, compared to the consensus estimate of $280.51 million. Zumiez had a return on equity of 22.84% and a net margin of 10.63%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 earnings per share. On average, sell-side analysts predict that Zumiez Inc. will post 4.4 EPS for the current fiscal year.

About Zumiez

Zumiez, Inc engages in retailing of apparel, footwear, accessories, and hardgoods for young men and women. It offers hardgoods including skateboards, snowboards, bindings, components, and other equipment under the brand names Zumiez, Blue Tomato, and Fast Times brands. The company was founded by Thomas D.

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Institutional Ownership by Quarter for Zumiez (NASDAQ:ZUMZ)

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