Schwab Charles Investment Management Inc. grew its stake in shares of Zumiez Inc. (NASDAQ:ZUMZ) by 23.5% in the third quarter, Holdings Channel reports. The fund owned 215,652 shares of the apparel and footwear maker’s stock after buying an additional 41,008 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Zumiez were worth $3,904,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in shares of Zumiez by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 91,853 shares of the apparel and footwear maker’s stock valued at $1,135,000 after acquiring an additional 1,135 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in shares of Zumiez by 0.6% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 259,975 shares of the apparel and footwear maker’s stock valued at $3,211,000 after acquiring an additional 1,475 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Zumiez by 1.3% during the 2nd quarter. Principal Financial Group Inc. now owns 134,150 shares of the apparel and footwear maker’s stock valued at $1,657,000 after acquiring an additional 1,686 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Zumiez by 2.8% during the 2nd quarter. New York State Common Retirement Fund now owns 65,252 shares of the apparel and footwear maker’s stock valued at $806,000 after acquiring an additional 1,808 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Zumiez by 12.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,475 shares of the apparel and footwear maker’s stock valued at $204,000 after acquiring an additional 1,829 shares during the last quarter. 74.58% of the stock is owned by institutional investors.

ZUMZ has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Zumiez from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a research note on Saturday, January 6th. William Blair reissued a “buy” rating on shares of Zumiez in a research report on Thursday, January 4th. Jefferies Group reissued a “hold” rating and set a $21.00 target price on shares of Zumiez in a research report on Sunday, December 3rd. B. Riley set a $23.00 target price on shares of Zumiez and gave the stock a “buy” rating in a research report on Friday, December 1st. Finally, BMO Capital Markets set a $20.00 target price on shares of Zumiez and gave the stock a “hold” rating in a research report on Friday, December 1st. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Zumiez currently has a consensus rating of “Hold” and an average price target of $20.50.

In other Zumiez news, Director Scott Andrew Bailey sold 7,843 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $20.75, for a total value of $162,742.25. Following the completion of the transaction, the director now owns 9,908 shares in the company, valued at approximately $205,591. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 27.50% of the stock is owned by corporate insiders.

Shares of Zumiez Inc. (NASDAQ ZUMZ) opened at $22.90 on Friday. The stock has a market cap of $560.54, a P/E ratio of 22.67, a P/E/G ratio of 1.06 and a beta of 1.39. Zumiez Inc. has a 1 year low of $11.43 and a 1 year high of $24.44.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. The firm had revenue of $245.80 million during the quarter, compared to the consensus estimate of $244.50 million. Zumiez had a net margin of 2.84% and a return on equity of 7.99%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. research analysts anticipate that Zumiez Inc. will post 1.18 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Zumiez (NASDAQ:ZUMZ)

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