Fulcrum Capital LLC boosted its position in Zumiez (NASDAQ:ZUMZ) by 80.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,670 shares of the apparel and footwear maker’s stock after buying an additional 15,468 shares during the quarter. Fulcrum Capital LLC owned approximately 0.14% of Zumiez worth $829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Spark Investment Management LLC purchased a new stake in Zumiez in the fourth quarter worth approximately $8,684,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Zumiez by 53.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 330,976 shares of the apparel and footwear maker’s stock valued at $6,893,000 after purchasing an additional 115,324 shares during the period. Divisar Capital Management LLC purchased a new stake in shares of Zumiez during the fourth quarter valued at approximately $5,415,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Zumiez during the fourth quarter valued at approximately $240,000. Finally, Maverick Capital Ltd. boosted its stake in shares of Zumiez by 10.0% during the fourth quarter. Maverick Capital Ltd. now owns 47,422 shares of the apparel and footwear maker’s stock valued at $988,000 after purchasing an additional 4,292 shares during the period. 70.99% of the stock is owned by institutional investors and hedge funds.
Shares of ZUMZ stock opened at $25.15 on Friday. Zumiez has a 52 week low of $25.00 and a 52 week high of $25.15. The firm has a market capitalization of $651.18 million, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.07.
Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). Zumiez had a return on equity of 8.38% and a net margin of 2.89%. The business had revenue of $308.20 million during the quarter, compared to analysts’ expectations of $301.75 million. During the same period in the previous year, the business earned $0.74 EPS. The business’s revenue was up 16.9% compared to the same quarter last year. analysts expect that Zumiez will post 1.59 EPS for the current fiscal year.
A number of analysts have recently weighed in on ZUMZ shares. BidaskClub lowered Zumiez from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. B. Riley set a $26.00 price objective on Zumiez and gave the company a “buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research lowered Zumiez from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. TheStreet raised Zumiez from a “c+” rating to a “b-” rating in a research note on Tuesday, March 20th. Finally, Robert W. Baird reissued a “hold” rating and set a $28.00 price objective on shares of Zumiez in a research note on Thursday, April 12th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.50.
In related news, Director Thomas D. Campion sold 58,100 shares of the firm’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $25.09, for a total value of $1,457,729.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 258,797 shares of company stock valued at $6,484,643 in the last ninety days. 27.50% of the stock is currently owned by insiders.
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.
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