Adams Diversified Equity Fund Inc. Grows Holdings in Zumiez Inc. (ZUMZ)

Adams Diversified Equity Fund Inc. raised its position in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 78.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,700 shares of the apparel and footwear maker’s stock after purchasing an additional 34,600 shares during the period. Adams Diversified Equity Fund Inc. owned approximately 0.31% of Zumiez worth $1,424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZUMZ. State Board of Administration of Florida Retirement System increased its holdings in shares of Zumiez by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 18,594 shares of the apparel and footwear maker’s stock worth $340,000 after buying an additional 88 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Zumiez by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 216,190 shares of the apparel and footwear maker’s stock worth $3,957,000 after buying an additional 3,001 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Zumiez by 3.4% in the first quarter. Ameriprise Financial Inc. now owns 90,718 shares of the apparel and footwear maker’s stock worth $1,660,000 after buying an additional 2,971 shares during the period. Prudential Financial Inc. increased its holdings in shares of Zumiez by 2.5% in the first quarter. Prudential Financial Inc. now owns 58,226 shares of the apparel and footwear maker’s stock worth $1,066,000 after buying an additional 1,421 shares during the period. Finally, OppenheimerFunds Inc. increased its holdings in shares of Zumiez by 72.9% in the first quarter. OppenheimerFunds Inc. now owns 34,512 shares of the apparel and footwear maker’s stock worth $631,000 after buying an additional 14,552 shares during the period. Institutional investors and hedge funds own 81.23% of the company’s stock.

Several research analysts have recently commented on the company. B. Riley reiterated a “buy” rating and issued a $18.00 price objective on shares of Zumiez in a report on Wednesday, September 13th. Zacks Investment Research upgraded Zumiez from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 1st. Jefferies Group LLC set a $15.00 price objective on Zumiez and gave the stock a “hold” rating in a report on Thursday, July 6th. BMO Capital Markets set a $16.00 price objective on Zumiez and gave the stock a “hold” rating in a report on Thursday, July 6th. Finally, BidaskClub upgraded Zumiez from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.89.

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Zumiez Inc. (ZUMZ) traded down 2.27% during mid-day trading on Wednesday, hitting $17.25. The company had a trading volume of 92,023 shares. The stock has a 50 day moving average price of $17.53 and a 200-day moving average price of $14.83. Zumiez Inc. has a 1-year low of $11.43 and a 1-year high of $26.55. The stock has a market capitalization of $435.22 million, a PE ratio of 17.99 and a beta of 1.38.

Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings data on Thursday, September 7th. The apparel and footwear maker reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. Zumiez had a net margin of 2.78% and a return on equity of 7.83%. The company had revenue of $192.20 million for the quarter, compared to analyst estimates of $192.12 million. During the same period in the prior year, the company posted ($0.03) EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts forecast that Zumiez Inc. will post $1.05 earnings per share for the current year.

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.

Institutional Ownership by Quarter for Zumiez (NASDAQ:ZUMZ)

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