Zumiez’s (NASDAQ:ZUMZ) same-store sales increased by 7.8% during the month of November. Zumiez’s stock fell by 8.5% in the first full-day of trading following the news.
Several research analysts have weighed in on ZUMZ shares. Zacks Investment Research raised shares of Zumiez from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, August 30th. BMO Capital Markets set a $16.00 price objective on shares of Zumiez and gave the stock a “hold” rating in a report on Sunday, September 10th. Jefferies Group set a $15.00 price objective on shares of Zumiez and gave the stock a “hold” rating in a report on Thursday, October 5th. Robert W. Baird reissued a “hold” rating and set a $17.00 price objective on shares of Zumiez in a report on Friday, September 8th. Finally, BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $20.00.
In other news, Director Scott Andrew Bailey sold 7,843 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $20.75, for a total value of $162,742.25. Following the transaction, the director now directly owns 9,908 shares in the company, valued at approximately $205,591. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 27.50% of the company’s stock.
Zumiez (ZUMZ) opened at $20.00 on Friday. Zumiez has a 52-week low of $11.43 and a 52-week high of $25.35. The stock has a market cap of $518.88, a PE ratio of 20.15, a PEG ratio of 1.05 and a beta of 1.39.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. Zumiez had a net margin of 2.84% and a return on equity of 7.99%. The company had revenue of $245.80 million for the quarter, compared to the consensus estimate of $244.50 million. During the same period last year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. sell-side analysts forecast that Zumiez will post 1.09 EPS for the current year.
Several institutional investors have recently bought and sold shares of ZUMZ. JPMorgan Chase & Co. lifted its position in Zumiez by 598.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 31,827 shares of the apparel and footwear maker’s stock valued at $393,000 after purchasing an additional 27,270 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Zumiez by 42.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 61,333 shares of the apparel and footwear maker’s stock valued at $757,000 after purchasing an additional 18,259 shares during the last quarter. Adams Diversified Equity Fund Inc. lifted its position in Zumiez by 78.5% in the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 78,700 shares of the apparel and footwear maker’s stock valued at $1,424,000 after purchasing an additional 34,600 shares during the last quarter. Gotham Asset Management LLC lifted its position in Zumiez by 98.5% in the 2nd quarter. Gotham Asset Management LLC now owns 24,742 shares of the apparel and footwear maker’s stock valued at $306,000 after purchasing an additional 12,277 shares during the last quarter. Finally, Strategic Wealth Advisors Group LLC bought a new stake in Zumiez in the 3rd quarter valued at about $612,000. Institutional investors own 74.70% of the company’s stock.
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Zumiez Inc, including its subsidiaries, is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times.
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