Dimensional Fund Advisors LP increased its stake in Zumiez Inc. (NASDAQ:ZUMZ) by 19.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,822,924 shares of the apparel and footwear maker’s stock after buying an additional 294,042 shares during the period. Dimensional Fund Advisors LP owned about 7.32% of Zumiez worth $39,831,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in ZUMZ. California Public Employees Retirement System increased its stake in Zumiez by 21.1% in the third quarter. California Public Employees Retirement System now owns 53,900 shares of the apparel and footwear maker’s stock valued at $970,000 after buying an additional 9,400 shares in the last quarter. Aperio Group LLC bought a new stake in Zumiez during the third quarter valued at $210,000. TD Asset Management Inc. increased its stake in Zumiez by 67.8% in the third quarter. TD Asset Management Inc. now owns 49,020 shares of the apparel and footwear maker’s stock valued at $882,000 after buying an additional 19,800 shares in the last quarter. Matarin Capital Management LLC acquired a new stake in shares of Zumiez during the third quarter valued at approximately $7,450,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Zumiez during the third quarter valued at approximately $200,000. 85.19% of the stock is currently owned by institutional investors.
Shares of Zumiez Inc. (NASDAQ:ZUMZ) traded up 2.25% during midday trading on Friday, hitting $18.20. 524,085 shares of the company were exchanged. Zumiez Inc. has a 52-week low of $13.50 and a 52-week high of $26.55. The stock has a market capitalization of $453.96 million, a price-to-earnings ratio of 17.50 and a beta of 1.17. The company has a 50-day moving average price of $17.90 and a 200-day moving average price of $20.97.
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Several brokerages have commented on ZUMZ. Zacks Investment Research cut shares of Zumiez from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 3rd. Wedbush restated a “neutral” rating and set a $16.00 price objective (down from $21.00) on shares of Zumiez in a research note on Friday, March 10th. Stifel Nicolaus reiterated a “hold” rating and issued a $24.00 target price on shares of Zumiez in a research note on Friday, January 6th. Wolfe Research decreased their target price on shares of Zumiez from $23.00 to $21.00 and set a “peer perform” rating for the company in a research note on Monday, March 13th. Finally, B. Riley reiterated a “neutral” rating and issued a $21.50 target price on shares of Zumiez in a research note on Saturday, March 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $20.13.
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.
