Assenagon Asset Management S.A. purchased a new position in Zumiez Inc. (NASDAQ:ZUMZ) in the third quarter, Holdings Channel reports. The firm purchased 48,835 shares of the apparel and footwear maker’s stock, valued at approximately $1,287,000.

Other hedge funds also recently made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new stake in shares of Zumiez in the second quarter worth approximately $107,000. Sun Life Financial INC bought a new stake in Zumiez during the second quarter valued at approximately $110,000. Itau Unibanco Holding S.A. bought a new stake in Zumiez during the second quarter valued at approximately $137,000. American Century Companies Inc. bought a new stake in Zumiez during the second quarter valued at approximately $203,000. Finally, Louisiana State Employees Retirement System bought a new stake in Zumiez during the second quarter valued at approximately $205,000. Hedge funds and other institutional investors own 76.02% of the company’s stock.

Several brokerages recently issued reports on ZUMZ. BidaskClub lowered shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Sunday, July 15th. ValuEngine upgraded shares of Zumiez from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. B. Riley set a $32.00 target price on shares of Zumiez and gave the company a “buy” rating in a research report on Thursday, August 9th. TheStreet lowered shares of Zumiez from a “b-” rating to a “c+” rating in a research report on Monday, July 16th. Finally, Robert W. Baird restated a “hold” rating and set a $28.00 target price on shares of Zumiez in a research report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Zumiez presently has a consensus rating of “Hold” and a consensus price target of $26.88.

In other Zumiez news, CEO Richard Miles Brooks sold 45,827 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $30.01, for a total value of $1,375,268.27. Following the completion of the transaction, the chief executive officer now directly owns 3,199,509 shares in the company, valued at $96,017,265.09. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Chris K. Visser sold 1,934 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $28.08, for a total transaction of $54,306.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,344 shares of company stock valued at $3,788,085. Company insiders own 27.70% of the company’s stock.

Shares of NASDAQ ZUMZ opened at $21.07 on Friday. The company has a market cap of $545.60 million, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 1.01 and a beta of 1.23. Zumiez Inc. has a 12-month low of $17.45 and a 12-month high of $32.70.

Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 6th. The apparel and footwear maker reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $219.00 million during the quarter, compared to analyst estimates of $218.50 million. Zumiez had a net margin of 3.43% and a return on equity of 9.82%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.02) earnings per share. On average, equities analysts predict that Zumiez Inc. will post 1.7 EPS for the current fiscal year.

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Zumiez Profile

Zumiez Inc, together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in 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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