Barclays PLC Raises Stake in Zumiez Inc. (NASDAQ:ZUMZ)

Barclays PLC lifted its position in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 55.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,387 shares of the apparel and footwear maker’s stock after buying an additional 16,934 shares during the quarter. Barclays PLC owned approximately 0.25% of Zumiez worth $1,010,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC grew its holdings 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 buying an additional 672 shares in the last quarter. Quarry LP grew its holdings in Zumiez by 315.1% in the third quarter. Quarry LP now owns 1,764 shares of the apparel and footwear maker’s stock valued at $38,000 after purchasing an additional 1,339 shares during the period. ProShare Advisors LLC purchased a new stake in Zumiez in the second quarter valued at approximately $42,000. Ariadne Wealth Management LP purchased a new stake in Zumiez in the second quarter valued at approximately $54,000. Finally, CWM LLC grew its holdings in Zumiez by 69.6% in the third quarter. CWM LLC now owns 3,380 shares of the apparel and footwear maker’s stock valued at $72,000 after purchasing an additional 1,387 shares during the period. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Zumiez Stock Down 3.8 %

Shares of ZUMZ stock opened at $18.73 on Tuesday. The stock has a market cap of $359.11 million, a price-to-earnings ratio of -7.29 and a beta of 1.25. Zumiez Inc. has a fifty-two week low of $12.90 and a fifty-two week high of $31.37. The firm’s 50 day moving average price is $21.24 and its two-hundred day moving average price is $22.36.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, December 5th. The apparel and footwear maker reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Zumiez had a negative net margin of 5.60% and a negative return on equity of 2.67%. The business had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $222.06 million. During the same period in the previous year, the company posted ($0.12) earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that Zumiez Inc. will post 0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley boosted their target price on shares of Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, September 6th.

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.