Zumiez (NASDAQ:ZUMZ) Reaches New 52-Week High at $26.15

Shares of Zumiez Inc. (NASDAQ:ZUMZ) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $26.15 and last traded at $26.12, with a volume of 236176 shares trading hands. The stock had previously closed at $25.35.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. B. Riley raised their target price on Zumiez from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Jefferies Financial Group increased their price objective on shares of Zumiez from $14.00 to $19.00 and gave the company a “hold” rating in a research report on Friday, June 7th.

Zumiez Stock Performance

The business’s fifty day simple moving average is $21.08 and its 200 day simple moving average is $18.23. The stock has a market cap of $529.56 million, a price-to-earnings ratio of -8.05 and a beta of 1.23.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, June 6th. The apparel and footwear maker reported ($0.86) EPS for the quarter, topping the consensus estimate of ($1.14) by $0.28. Zumiez had a negative return on equity of 5.47% and a negative net margin of 7.01%. The business had revenue of $177.39 million for the quarter, compared to analysts’ expectations of $171.58 million. As a group, analysts forecast that Zumiez Inc. will post -0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Zumiez

A number of hedge funds have recently bought and sold shares of ZUMZ. Acadian Asset Management LLC raised its stake in Zumiez by 225.2% during the second quarter. Acadian Asset Management LLC now owns 213,722 shares of the apparel and footwear maker’s stock valued at $4,161,000 after buying an additional 147,996 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of Zumiez by 183.8% during the fourth quarter. GSA Capital Partners LLP now owns 116,914 shares of the apparel and footwear maker’s stock worth $2,378,000 after purchasing an additional 75,717 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Zumiez by 15.8% in the 4th quarter. First Eagle Investment Management LLC now owns 421,043 shares of the apparel and footwear maker’s stock worth $8,564,000 after buying an additional 57,368 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Zumiez by 159.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 91,980 shares of the apparel and footwear maker’s stock valued at $1,397,000 after buying an additional 56,495 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Zumiez by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,605,551 shares of the apparel and footwear maker’s stock valued at $32,657,000 after buying an additional 49,581 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

About Zumiez

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.