Fulcrum Capital LLC lifted its position in Zumiez Inc. (NASDAQ:ZUMZ) by 4.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,270 shares of the apparel and footwear maker’s stock after purchasing an additional 800 shares during the quarter. Fulcrum Capital LLC owned 0.08% of Zumiez worth $505,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of ZUMZ. BlackRock Inc. grew its holdings in shares of Zumiez by 1.6% during the fourth quarter. BlackRock Inc. now owns 2,991,857 shares of the apparel and footwear maker’s stock worth $57,354,000 after purchasing an additional 47,508 shares during the last quarter. Vanguard Group Inc lifted its stake in Zumiez by 9.9% in the third quarter. Vanguard Group Inc now owns 2,199,058 shares of the apparel and footwear maker’s stock valued at $57,945,000 after buying an additional 197,221 shares during the period. Vanguard Group Inc. lifted its stake in Zumiez by 9.9% in the third quarter. Vanguard Group Inc. now owns 2,199,058 shares of the apparel and footwear maker’s stock valued at $57,945,000 after buying an additional 197,221 shares during the period. JPMorgan Chase & Co. lifted its stake in Zumiez by 90.7% in the first quarter. JPMorgan Chase & Co. now owns 837,793 shares of the apparel and footwear maker’s stock valued at $20,852,000 after buying an additional 398,376 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Zumiez by 62.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 769,112 shares of the apparel and footwear maker’s stock valued at $14,744,000 after buying an additional 294,548 shares during the period. Institutional investors and hedge funds own 81.63% of the company’s stock.
In other Zumiez news, insider Troy R. Brown sold 20,324 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $27.41, for a total transaction of $557,080.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott Andrew Bailey sold 5,986 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $25.94, for a total value of $155,276.84. Following the transaction, the director now directly owns 3,189 shares of the company’s stock, valued at $82,722.66. The disclosure for this sale can be found here. Corporate insiders own 23.10% of the company’s stock.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, June 6th. The apparel and footwear maker reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.12. The firm had revenue of $212.90 million for the quarter, compared to analyst estimates of $205.96 million. Zumiez had a return on equity of 12.81% and a net margin of 4.93%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.10) EPS. On average, equities analysts expect that Zumiez Inc. will post 1.87 EPS for the current year.
Several equities analysts have weighed in on ZUMZ shares. Zacks Investment Research lowered Zumiez from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Pivotal Research reiterated a “hold” rating and set a $28.00 price objective on shares of Zumiez in a report on Monday, April 22nd. BidaskClub upgraded Zumiez from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Wedbush downgraded Zumiez from a “neutral” rating to an “underperform” rating and set a $22.00 price objective for the company. in a report on Thursday, May 9th. They noted that the move was a valuation call. Finally, ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $23.57.
Zumiez Company Profile
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 September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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