Equities research analysts at StockNews.com started coverage on shares of Zumiez (NASDAQ:ZUMZ – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the apparel and footwear maker’s stock.
Separately, William Blair restated a “market perform” rating on shares of Zumiez in a research report on Friday, March 10th.
Zumiez Stock Down 4.6 %
Shares of NASDAQ ZUMZ opened at $19.50 on Thursday. The business’s 50 day moving average is $24.36 and its two-hundred day moving average is $23.33. The company has a market cap of $380.06 million, a P/E ratio of 17.89 and a beta of 1.50. Zumiez has a 12 month low of $18.86 and a 12 month high of $43.89.
Institutional Investors Weigh In On Zumiez
A number of large investors have recently bought and sold shares of ZUMZ. Thrivent Financial for Lutherans boosted its stake in Zumiez by 54.0% in the third quarter. Thrivent Financial for Lutherans now owns 1,464,359 shares of the apparel and footwear maker’s stock worth $31,528,000 after purchasing an additional 513,479 shares in the last quarter. Millennium Management LLC boosted its stake in Zumiez by 414.0% in the fourth quarter. Millennium Management LLC now owns 609,324 shares of the apparel and footwear maker’s stock worth $13,247,000 after purchasing an additional 490,772 shares in the last quarter. Tieton Capital Management LLC acquired a new position in Zumiez in the third quarter worth $3,939,000. Renaissance Technologies LLC boosted its stake in Zumiez by 134.9% in the second quarter. Renaissance Technologies LLC now owns 302,008 shares of the apparel and footwear maker’s stock worth $7,852,000 after purchasing an additional 173,415 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Zumiez in the fourth quarter worth $3,757,000. 84.77% of the stock is currently owned by institutional investors.
Zumiez Company Profile
Zumiez, Inc engages in retailing of apparel, footwear, accessories, and hardgoods for young men and women. It offers hardgoods including skateboards, snowboards, bindings, components, and other equipment under the brand names Zumiez, Blue Tomato, and Fast Times brands. The company was founded by Thomas D.
- Get a free copy of the StockNews.com research report on Zumiez (ZUMZ)
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