Shares of Zumiez Inc. (NASDAQ:ZUMZ) have earned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $24.83.
A number of equities analysts have weighed in on the company. B. Riley lifted their price objective on Zumiez from $27.50 to $30.00 and gave the company a “buy” rating in a research note on Friday, June 8th. Wedbush assumed coverage on Zumiez in a research note on Thursday, May 10th. They set a “neutral” rating and a $24.00 price objective for the company. They noted that the move was a valuation call. ValuEngine upgraded Zumiez from a “hold” rating to a “buy” rating in a research note on Monday, May 7th. BidaskClub lowered Zumiez from a “buy” rating to a “hold” rating in a research note on Monday, April 23rd. Finally, Robert W. Baird reiterated a “hold” rating and set a $28.00 price objective on shares of Zumiez in a research note on Thursday, April 12th.
In related news, CEO Richard Miles Brooks sold 500,000 shares of Zumiez stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $27.70, for a total value of $13,850,000.00. Following the completion of the transaction, the chief executive officer now owns 3,709,067 shares in the company, valued at approximately $102,741,155.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas D. Campion sold 58,100 shares of Zumiez stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $25.09, for a total value of $1,457,729.00. The disclosure for this sale can be found here. Insiders have sold a total of 762,754 shares of company stock valued at $20,441,482 in the last quarter. Company insiders own 27.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. HBK Investments L P purchased a new position in shares of Zumiez in the 4th quarter valued at about $214,000. MetLife Investment Advisors LLC purchased a new position in shares of Zumiez in the 4th quarter valued at about $218,000. Paloma Partners Management Co purchased a new position in shares of Zumiez in the 4th quarter valued at about $235,000. Quadrature Capital Ltd purchased a new position in shares of Zumiez in the 1st quarter valued at about $272,000. Finally, Alambic Investment Management L.P. purchased a new position in shares of Zumiez in the 1st quarter valued at about $275,000. Hedge funds and other institutional investors own 74.58% of the company’s stock.
ZUMZ traded up $0.30 on Tuesday, reaching $27.40. 1,895 shares of the stock were exchanged, compared to its average volume of 700,523. Zumiez has a fifty-two week low of $11.43 and a fifty-two week high of $31.55. The stock has a market cap of $671.13 million, a P/E ratio of 24.59, a P/E/G ratio of 0.91 and a beta of 1.05.
Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, June 7th. The apparel and footwear maker reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. Zumiez had a return on equity of 8.64% and a net margin of 3.01%. The company had revenue of $206.29 million during the quarter, compared to analysts’ expectations of $199.34 million. During the same quarter in the previous year, the firm posted ($0.18) EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. equities research analysts predict that Zumiez will post 1.61 EPS for the current fiscal year.
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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