Paradigm Capital Management Inc. NY trimmed its position in shares of Zumiez Inc. (NASDAQ:ZUMZ – Free Report) by 48.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the apparel and footwear maker’s stock after selling 9,318 shares during the period. Paradigm Capital Management Inc. NY’s holdings in Zumiez were worth $195,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of ZUMZ. Signaturefd LLC raised its stake in shares of Zumiez by 83.2% during the second quarter. Signaturefd LLC now owns 1,480 shares of the apparel and footwear maker’s stock worth $29,000 after acquiring an additional 672 shares in the last quarter. CWM LLC raised its position in Zumiez by 2,090.1% in the 2nd quarter. CWM LLC now owns 1,993 shares of the apparel and footwear maker’s stock worth $39,000 after purchasing an additional 1,902 shares during the period. ProShare Advisors LLC bought a new stake in Zumiez in the second quarter worth $42,000. Harvest Investment Services LLC purchased a new stake in Zumiez during the fourth quarter valued at about $262,000. Finally, Quantbot Technologies LP bought a new position in shares of Zumiez during the first quarter valued at about $196,000. Institutional investors own 95.45% of the company’s stock.
Zumiez Trading Down 0.3 %
Zumiez stock opened at $22.17 on Tuesday. The firm has a market cap of $449.47 million, a P/E ratio of -7.04 and a beta of 1.25. Zumiez Inc. has a 1-year low of $12.90 and a 1-year high of $31.37. The firm has a 50-day moving average of $24.97 and a 200-day moving average of $19.97.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on ZUMZ. B. Riley increased their target price on Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Jefferies Financial Group increased their price objective on Zumiez from $14.00 to $19.00 and gave the company a “hold” rating in a research note on Friday, June 7th.
Read Our Latest Stock Report on ZUMZ
About Zumiez
Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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