Zumiez Inc. (NASDAQ:ZUMZ) insider Chris K. Visser sold 12,762 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $32.28, for a total value of $411,957.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Zumiez stock traded down $0.08 on Wednesday, reaching $32.43. 35,742 shares of the company were exchanged, compared to its average volume of 577,568. The company has a market capitalization of $850.48 million, a price-to-earnings ratio of 18.18, a PEG ratio of 1.14 and a beta of 1.54. The company has a current ratio of 2.06, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Zumiez Inc. has a one year low of $17.57 and a one year high of $33.47. The company has a 50-day moving average of $25.03 and a 200 day moving average of $24.58.
Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, September 5th. The apparel and footwear maker reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.17. The business had revenue of $228.40 million during the quarter, compared to analysts’ expectations of $223.65 million. Zumiez had a net margin of 5.35% and a return on equity of 13.59%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned $0.17 earnings per share. Analysts predict that Zumiez Inc. will post 2.15 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of ZUMZ. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Zumiez during the 1st quarter worth $825,000. Victory Capital Management Inc. acquired a new stake in shares of Zumiez in the first quarter valued at about $1,454,000. BNP Paribas Arbitrage SA raised its stake in Zumiez by 853.5% during the first quarter. BNP Paribas Arbitrage SA now owns 4,310 shares of the apparel and footwear maker’s stock worth $107,000 after buying an additional 3,858 shares during the last quarter. KAMES CAPITAL plc increased its holdings in Zumiez by 11.5% in the second quarter. KAMES CAPITAL plc now owns 171,355 shares of the apparel and footwear maker’s stock worth $4,466,000 after purchasing an additional 17,730 shares in the last quarter. Finally, CIBC World Markets Inc. bought a new stake in shares of Zumiez in the 1st quarter valued at $260,000. Hedge funds and other institutional investors own 83.58% of the company’s stock.
Several equities research analysts have commented on the company. TheStreet upgraded Zumiez from a “c+” rating to a “b” rating in a research note on Thursday, September 5th. Pivotal Research raised their price target on shares of Zumiez from $22.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. Wedbush set a $17.00 price objective on shares of Zumiez and gave the company a “sell” rating in a report on Friday, June 7th. DA Davidson boosted their price objective on shares of Zumiez to $28.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, BidaskClub upgraded shares of Zumiez from a “hold” rating to a “buy” rating in a report on Saturday, August 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.00.
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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