Zumiez Inc. (NASDAQ:ZUMZ) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in Zumiez Inc. (NASDAQ:ZUMZ) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 388,589 shares of the apparel and footwear maker’s stock after acquiring an additional 1,195 shares during the quarter. Geode Capital Management LLC owned 2.03% of Zumiez worth $8,279,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC increased its stake in Zumiez by 83.2% during the 2nd 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 during the period. Quarry LP increased its position in shares of Zumiez by 315.1% during the third quarter. Quarry LP now owns 1,764 shares of the apparel and footwear maker’s stock worth $38,000 after acquiring an additional 1,339 shares during the period. ProShare Advisors LLC acquired a new stake in shares of Zumiez in the second quarter valued at $42,000. Ariadne Wealth Management LP purchased a new position in Zumiez in the second quarter valued at $54,000. Finally, CWM LLC grew its stake in Zumiez by 69.6% during the 3rd quarter. CWM LLC now owns 3,380 shares of the apparel and footwear maker’s stock worth $72,000 after purchasing an additional 1,387 shares in the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley raised 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.

Zumiez Price Performance

NASDAQ:ZUMZ opened at $18.97 on Friday. The firm has a market cap of $363.71 million, a price-to-earnings ratio of -7.38 and a beta of 1.25. The firm’s fifty day moving average price is $21.04 and its 200 day moving average price is $22.33. Zumiez Inc. has a 1-year low of $12.90 and a 1-year high of $31.37.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, December 5th. The apparel and footwear maker reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Zumiez had a negative return on equity of 2.67% and a negative net margin of 5.60%. The firm had revenue of $222.50 million for the quarter, compared to analyst estimates of $222.06 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. Zumiez’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, analysts expect that Zumiez Inc. will post 0.01 earnings per share for the current fiscal year.

Zumiez Company Profile

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.