Matarin Capital Management LLC Invests $12.03 Million in Zumiez (ZUMZ)

Matarin Capital Management LLC purchased a new position in Zumiez (NASDAQ:ZUMZ) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 503,173 shares of the apparel and footwear maker’s stock, valued at approximately $12,026,000. Matarin Capital Management LLC owned 1.98% of Zumiez at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Zumiez by 10.5% in the 1st quarter. BlackRock Inc. now owns 2,894,789 shares of the apparel and footwear maker’s stock worth $69,186,000 after purchasing an additional 274,813 shares during the period. Tyvor Capital LLC bought a new stake in shares of Zumiez in the 1st quarter worth approximately $778,000. KBC Group NV raised its holdings in shares of Zumiez by 131.1% in the 1st quarter. KBC Group NV now owns 15,432 shares of the apparel and footwear maker’s stock worth $369,000 after purchasing an additional 8,755 shares during the period. Fulcrum Capital LLC raised its holdings in shares of Zumiez by 80.6% in the 1st quarter. Fulcrum Capital LLC now owns 34,670 shares of the apparel and footwear maker’s stock worth $829,000 after purchasing an additional 15,468 shares during the period. Finally, Alambic Investment Management L.P. bought a new stake in shares of Zumiez in the 1st quarter worth approximately $275,000. 74.80% of the stock is currently owned by institutional investors.

ZUMZ has been the topic of a number of research reports. TheStreet raised shares of Zumiez from a “c+” rating to a “b-” rating in a report on Tuesday, March 20th. Zacks Investment Research raised shares of Zumiez from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, March 20th. BidaskClub raised shares of Zumiez from a “hold” rating to a “buy” rating in a report on Tuesday, March 20th. B. Riley set a $26.00 price target on shares of Zumiez and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, ValuEngine raised shares of Zumiez from a “hold” rating to a “buy” rating in a report on Monday, May 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Zumiez presently has a consensus rating of “Hold” and a consensus price target of $24.50.

Shares of ZUMZ stock opened at $24.25 on Wednesday. Zumiez has a 1 year low of $11.43 and a 1 year high of $26.30. The firm has a market cap of $628.28 million, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 0.86 and a beta of 1.07.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, March 15th. The apparel and footwear maker reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.08). Zumiez had a net margin of 2.89% and a return on equity of 8.38%. The business had revenue of $308.20 million for the quarter, compared to the consensus estimate of $301.75 million. During the same period in the previous year, the firm earned $0.74 EPS. The company’s revenue was up 16.9% compared to the same quarter last year. equities research analysts forecast that Zumiez will post 1.59 earnings per share for the current fiscal year.

In other Zumiez news, Chairman Thomas D. Campion sold 140,140 shares of the business’s stock in a transaction on Friday, April 6th. The shares were sold at an average price of $25.05, for a total transaction of $3,510,507.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 258,797 shares of company stock worth $6,484,643 in the last three months. Insiders own 27.70% of the company’s stock.

Zumiez Company 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 February 3, 2018, the company operated 698 stores, including 607 stores in the United States, 50 stores in Canada, 34 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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