TIAA CREF Investment Management LLC boosted its holdings in shares of ZAGG Inc (NASDAQ:ZAGG) by 147.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 308,037 shares of the specialty retailer’s stock after buying an additional 183,421 shares during the quarter. TIAA CREF Investment Management LLC owned about 1.10% of ZAGG worth $5,683,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in ZAGG during the fourth quarter worth $108,000. Financial Gravity Companies Inc. acquired a new position in ZAGG during the fourth quarter worth $119,000. Caxton Associates LP acquired a new position in ZAGG during the fourth quarter worth $194,000. IFC Holdings Incorporated FL acquired a new position in ZAGG during the fourth quarter worth $229,000. Finally, Lazard Asset Management LLC acquired a new position in ZAGG during the fourth quarter worth $338,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the stock. ValuEngine downgraded shares of ZAGG from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Craig Hallum reissued a “buy” rating and set a $19.00 target price (down from $24.00) on shares of ZAGG in a research report on Thursday, March 8th. Zacks Investment Research reaffirmed a “hold” rating on shares of ZAGG in a research report on Saturday, February 10th. DA Davidson began coverage on ZAGG in a research report on Thursday, March 15th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, B. Riley downgraded ZAGG from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $16.00 in a research report on Thursday, March 8th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.57.
Shares of NASDAQ:ZAGG opened at $12.55 on Wednesday. The stock has a market capitalization of $342.92, a PE ratio of 12.94, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. ZAGG Inc has a 52-week low of $6.55 and a 52-week high of $23.70.
ZAGG (NASDAQ:ZAGG) last issued its quarterly earnings results on Wednesday, March 7th. The specialty retailer reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.02). The business had revenue of $176.92 million during the quarter, compared to analyst estimates of $167.15 million. ZAGG had a net margin of 2.91% and a return on equity of 24.90%. The company’s revenue for the quarter was up 53.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) earnings per share. sell-side analysts predict that ZAGG Inc will post 1.33 EPS for the current year.
ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally. It operates in ZAGG and mophie segments. The company offers screen protection products; battery cases and power management products for tablets, smartphones, MP3 players, cameras, and other electronic mobile devices; device specific keyboards and device agnostic keyboards; and earbuds, headphones, wireless charging products, Bluetooth speakers, and cables under the ZAGG, InvisibleShield, IFROGZ, and mophie brands.
Receive News & Ratings for ZAGG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZAGG and related companies with MarketBeat.com's FREE daily email newsletter.