Dallas, Texas 07/10/2013 (Financialstrend) – The shares of Zale Corporation (NYSE:ZLC) are currently trading at $9.57, shares decreased by 0.31%. The 52-week high price is $9.85 and the 52-week low price was recorded as $2.52. With 32.52 million total outstanding shares, the market capitalization of Zale Corporation (NYSE:ZLC) stands at $312.80 million. The intraday share trading volume for yesterday was 1.25 million, whereas the average trading volume headed up to 1.18 million. Institutional owners record a contribution of 59 percent of the total outstanding shares.
Zale Corporation (NYSE:ZLC) has two major operating segments, namely the kiosk jewelry segment and the fine jewelry segment. The company has a retail jewelry store chain of 1,124 stores and a kiosks chain of 654 stores located in shopping malls in the whole of Puerto Rico, the United States and Canada, directly operated by the company. Gordon’s Jewelers, Zales Jewelers, Zales Outlet, Peoples Jewellers and Mappins Jewellers are the five brands under which the company’s fine jewelry is sold. Through mall-based kiosks, the company operates brand names such as Piercing Pagoda and Plumb Gold among others. The Company issues insurance and reinsurance services for its jewelry and different types of insurance coverage are provided to the label credit card guests through Zale Indemnity Company, Jewel Re-Insurance Ltd and Zale Life Insurance Company, its principal subsidiaries.
Zale Corporation (NYSE:ZLC) announced that it will rejoin the broad-market Russell 3000 Index. Russell’s U.S. indexes capture and rank the 4,000 largest U.S. stocks as of the end of May 2013. Russell indexes are widely used by institutional investors for index funds and investment management. Assets of about $4.1 trillion are benchmarked to the Russell indexes.