California Public Employees Retirement System Sells 62,500 Shares of Zumiez Inc. (ZUMZ)

California Public Employees Retirement System lessened its holdings in Zumiez Inc. (NASDAQ:ZUMZ) by 47.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,200 shares of the apparel and footwear maker’s stock after selling 62,500 shares during the quarter. California Public Employees Retirement System owned 0.27% of Zumiez worth $842,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Zumiez by 15.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,097,470 shares of the apparel and footwear maker’s stock valued at $38,384,000 after acquiring an additional 274,546 shares during the period. Vanguard Group Inc. boosted its position in shares of Zumiez by 7.4% in the second quarter. Vanguard Group Inc. now owns 1,776,196 shares of the apparel and footwear maker’s stock valued at $21,936,000 after acquiring an additional 123,142 shares during the period. FMR LLC boosted its position in shares of Zumiez by 6.5% in the second quarter. FMR LLC now owns 595,966 shares of the apparel and footwear maker’s stock valued at $7,361,000 after acquiring an additional 36,144 shares during the period. Great Lakes Advisors LLC boosted its position in shares of Zumiez by 31.2% in the second quarter. Great Lakes Advisors LLC now owns 287,985 shares of the apparel and footwear maker’s stock valued at $3,557,000 after acquiring an additional 68,416 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Zumiez by 3.3% in the second quarter. Northern Trust Corp now owns 252,991 shares of the apparel and footwear maker’s stock valued at $3,125,000 after acquiring an additional 8,009 shares during the period. 82.23% of the stock is owned by institutional investors.

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ZUMZ has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Zumiez from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, August 30th. BMO Capital Markets set a $16.00 target price on shares of Zumiez and gave the company a “hold” rating in a research report on Sunday, September 10th. Jefferies Group LLC set a $15.00 target price on shares of Zumiez and gave the company a “hold” rating in a research report on Thursday, October 5th. Robert W. Baird reissued a “hold” rating and issued a $17.00 target price on shares of Zumiez in a research report on Friday, September 8th. Finally, BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Seven investment 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 price target of $18.50.

Zumiez Inc. (NASDAQ ZUMZ) opened at $17.70 on Wednesday. The company has a market capitalization of $464.24, a PE ratio of 18.97, a price-to-earnings-growth ratio of 0.97 and a beta of 1.33. Zumiez Inc. has a 52 week low of $11.43 and a 52 week high of $26.55.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, September 7th. The apparel and footwear maker reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $192.20 million during the quarter, compared to the consensus estimate of $192.12 million. Zumiez had a return on equity of 7.83% and a net margin of 2.78%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. equities research analysts anticipate that Zumiez Inc. will post 1.05 earnings per share for the current fiscal 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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