Nordea Investment Management AB Decreases Holdings in Zumiez Inc. (NASDAQ:ZUMZ)

Nordea Investment Management AB reduced its position in Zumiez Inc. (NASDAQ:ZUMZFree Report) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 151,457 shares of the apparel and footwear maker’s stock after selling 1,635 shares during the quarter. Nordea Investment Management AB owned about 0.75% of Zumiez worth $2,301,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Zumiez by 51.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,251 shares of the apparel and footwear maker’s stock valued at $66,000 after buying an additional 1,108 shares in the last quarter. Harvest Investment Services LLC acquired a new stake in Zumiez in the 4th quarter worth approximately $262,000. SG Americas Securities LLC grew its position in Zumiez by 12.3% during the 4th quarter. SG Americas Securities LLC now owns 16,033 shares of the apparel and footwear maker’s stock worth $326,000 after purchasing an additional 1,755 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Zumiez during the 4th quarter worth approximately $497,000. Finally, Victory Capital Management Inc. increased its stake in Zumiez by 7.8% during the 4th quarter. Victory Capital Management Inc. now owns 33,055 shares of the apparel and footwear maker’s stock valued at $672,000 after purchasing an additional 2,398 shares in the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.

Zumiez Stock Up 0.2 %

Zumiez stock opened at $20.59 on Thursday. The business’s 50-day moving average price is $18.67 and its 200 day moving average price is $17.47. The firm has a market cap of $417.36 million, a price-to-earnings ratio of -6.54 and a beta of 1.24. Zumiez Inc. has a 52 week low of $12.90 and a 52 week high of $21.49.

Zumiez (NASDAQ:ZUMZGet Free Report) last issued its quarterly earnings data on Thursday, June 6th. The apparel and footwear maker reported ($0.86) EPS for the quarter, topping analysts’ consensus estimates of ($1.14) by $0.28. Zumiez had a negative net margin of 7.01% and a negative return on equity of 5.47%. The business had revenue of $177.39 million for the quarter, compared to analysts’ expectations of $171.58 million. Equities analysts expect that Zumiez Inc. will post -0.03 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Jefferies Financial Group raised their price objective on Zumiez from $14.00 to $19.00 and gave the stock a “hold” rating in a research note on Friday, June 7th. StockNews.com upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Friday, April 12th. Finally, B. Riley boosted their target price on shares of Zumiez from $16.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, June 7th.

Read Our Latest Research Report on Zumiez

Zumiez Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Zumiez (NASDAQ:ZUMZ)

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