Zumiez’s (NASDAQ:ZUMZ) same-store sales rose 1.2% in the month of September. Zumiez’s shares climbed by 0% in the first full-day of trading following the report.
A number of equities analysts have weighed in on ZUMZ shares. ValuEngine lowered shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. BidaskClub lowered shares of Zumiez from a “buy” rating to a “hold” rating in a research report on Sunday, July 15th. TheStreet lowered shares of Zumiez from a “b-” rating to a “c+” rating in a research report on Monday, July 16th. Robert W. Baird reiterated a “hold” rating and set a $28.00 target price on shares of Zumiez in a research report on Thursday, August 9th. Finally, B. Riley set a $32.00 price objective on shares of Zumiez and gave the company a “buy” rating in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $26.13.
In other news, insider Chris K. Visser sold 1,934 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $28.08, for a total value of $54,306.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Travis Smith sold 3,193 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $28.85, for a total transaction of $92,118.05. Following the completion of the transaction, the director now owns 17,770 shares of the company’s stock, valued at $512,664.50. The disclosure for this sale can be found here. Insiders sold 124,344 shares of company stock valued at $3,788,085 over the last 90 days. 27.70% of the stock is owned by company insiders.
ZUMZ stock opened at $21.35 on Friday. Zumiez has a 12 month low of $16.90 and a 12 month high of $32.70. The company has a market capitalization of $576.73 million, a PE ratio of 19.41, a PEG ratio of 0.89 and a beta of 1.20.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, September 6th. The apparel and footwear maker reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Zumiez had a net margin of 3.43% and a return on equity of 9.82%. The company had revenue of $219.00 million during the quarter, compared to analyst estimates of $218.50 million. During the same period last year, the business earned ($0.02) earnings per share. Zumiez’s revenue was up 13.9% compared to the same quarter last year. On average, analysts predict that Zumiez will post 1.69 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in ZUMZ. BlackRock Inc. boosted its position in shares of Zumiez by 10.5% in the first quarter. BlackRock Inc. now owns 2,894,789 shares of the apparel and footwear maker’s stock valued at $69,186,000 after acquiring an additional 274,813 shares during the period. JPMorgan Chase & Co. lifted its position in Zumiez by 298.0% during the first quarter. JPMorgan Chase & Co. now owns 118,230 shares of the apparel and footwear maker’s stock valued at $2,826,000 after purchasing an additional 88,524 shares during the last quarter. New York State Common Retirement Fund lifted its position in Zumiez by 14.9% during the first quarter. New York State Common Retirement Fund now owns 54,430 shares of the apparel and footwear maker’s stock valued at $1,301,000 after purchasing an additional 7,060 shares during the last quarter. Principal Financial Group Inc. lifted its position in Zumiez by 2.5% during the first quarter. Principal Financial Group Inc. now owns 139,345 shares of the apparel and footwear maker’s stock valued at $3,330,000 after purchasing an additional 3,407 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new stake in Zumiez during the first quarter valued at approximately $2,735,000. Institutional investors own 75.76% of the company’s stock.
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 September 1, 2018, the company operated 703 stores, including 610 stores in the United States, 50 stores in Canada, 36 stores in Europe, and 7 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.
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