Macquarie Group Ltd. Lowers Position in Zumiez Inc. (ZUMZ)

Macquarie Group Ltd. lowered its position in Zumiez Inc. (NASDAQ:ZUMZ) by 18.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,100 shares of the apparel and footwear maker’s stock after selling 4,200 shares during the quarter. Macquarie Group Ltd.’s holdings in Zumiez were worth $377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZUMZ. Russell Investments Group Ltd. acquired a new stake in shares of Zumiez in the 3rd quarter worth approximately $199,000. HBK Investments L P acquired a new stake in shares of Zumiez in the 4th quarter worth approximately $214,000. Paloma Partners Management Co acquired a new stake in shares of Zumiez in the 4th quarter worth approximately $235,000. Crossmark Global Holdings Inc. purchased a new stake in Zumiez in the 4th quarter valued at approximately $240,000. Finally, Algert Global LLC purchased a new stake in Zumiez in the 3rd quarter valued at approximately $269,000. Institutional investors and hedge funds own 71.94% of the company’s stock.

In other Zumiez news, Director Thomas D. Campion sold 58,100 shares of the stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $25.09, for a total transaction of $1,457,729.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders have sold 258,797 shares of company stock worth $6,484,643. Corporate insiders own 27.50% of the company’s stock.



ZUMZ has been the topic of a number of recent research reports. TheStreet raised Zumiez from a “c+” rating to a “b-” rating in a research note on Tuesday, March 20th. Zacks Investment Research raised Zumiez from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, March 20th. BidaskClub raised Zumiez from a “hold” rating to a “buy” rating in a research note on Tuesday, March 20th. B. Riley set a $26.00 target price on Zumiez and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, William Blair reaffirmed a “buy” rating on shares of Zumiez in a research note on Thursday, January 4th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $24.20.

ZUMZ stock opened at $24.85 on Friday. Zumiez Inc. has a 1 year low of $11.43 and a 1 year high of $26.30. The company has a market capitalization of $631.24, a P/E ratio of 22.59, a P/E/G ratio of 0.91 and a beta of 1.11.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). Zumiez had a net margin of 2.89% and a return on equity of 8.38%. The company 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 company posted $0.74 EPS. Zumiez’s quarterly revenue was up 16.9% compared to the same quarter last year. equities analysts forecast that Zumiez Inc. will post 1.53 earnings per share for the current year.

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Zumiez Company Profile

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.

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Institutional Ownership by Quarter for Zumiez (NASDAQ:ZUMZ)

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