TIAA CREF Investment Management LLC raised its position in ZAGG Inc (NASDAQ:ZAGG) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,133 shares of the specialty retailer’s stock after buying an additional 2,261 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.33% of ZAGG worth $806,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. American International Group Inc. lifted its position in shares of ZAGG by 7.0% during the first quarter. American International Group Inc. now owns 16,976 shares of the specialty retailer’s stock worth $122,000 after purchasing an additional 1,117 shares during the last quarter. Alliancebernstein L.P. bought a new position in shares of ZAGG during the second quarter worth about $169,000. JPMorgan Chase & Co. lifted its position in shares of ZAGG by 0.4% during the first quarter. JPMorgan Chase & Co. now owns 24,142 shares of the specialty retailer’s stock worth $174,000 after purchasing an additional 91 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of ZAGG during the first quarter worth about $195,000. Finally, Wells Fargo & Company MN lifted its position in shares of ZAGG by 0.4% during the first quarter. Wells Fargo & Company MN now owns 28,525 shares of the specialty retailer’s stock worth $205,000 after purchasing an additional 100 shares during the last quarter. 83.13% of the stock is owned by institutional investors.
ZAGG has been the topic of a number of recent research reports. Zacks Investment Research cut shares of ZAGG from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. BidaskClub raised shares of ZAGG from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Craig Hallum reissued a “buy” rating and issued a $23.00 target price (up previously from $16.00) on shares of ZAGG in a report on Thursday, October 19th. Northland Securities raised their target price on shares of ZAGG from $12.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, September 13th. Finally, Roth Capital set a $9.00 target price on shares of ZAGG and gave the stock a “hold” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $17.67.
In other ZAGG news, CFO Bradley J. Holiday sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $19.02, for a total value of $190,200.00. Following the sale, the chief financial officer now owns 89,587 shares in the company, valued at $1,703,944.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Stech sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $18.08, for a total transaction of $361,600.00. The disclosure for this sale can be found here. Insiders sold 99,830 shares of company stock worth $1,903,425 in the last 90 days. 4.20% of the stock is owned by company insiders.
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Shares of ZAGG Inc (NASDAQ ZAGG) opened at $19.85 on Tuesday. ZAGG Inc has a 12 month low of $5.90 and a 12 month high of $20.43. The company has a market cap of $538.52, a P/E ratio of 74.04, a price-to-earnings-growth ratio of 3.90 and a beta of 0.82. The company has a quick ratio of 0.68, a current ratio of 1.12 and a debt-to-equity ratio of 0.07.
ZAGG (NASDAQ:ZAGG) last announced its quarterly earnings results on Wednesday, November 1st. The specialty retailer reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. ZAGG had a net margin of 0.63% and a return on equity of 6.59%. The company had revenue of $134.40 million for the quarter, compared to analyst estimates of $128.23 million. During the same quarter last year, the business earned $0.29 earnings per share. ZAGG’s revenue was up 7.8% compared to the same quarter last year. equities research analysts forecast that ZAGG Inc will post 0.99 EPS for the current fiscal year.
ZAGG Inc (ZAGG) designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands.
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