Zumiez Inc. (NASDAQ:ZUMZ) Director Scott Andrew Bailey sold 7,843 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $20.75, for a total value of $162,742.25. Following the completion of the sale, the director now owns 9,908 shares in the company, valued at $205,591. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Zumiez Inc. (NASDAQ ZUMZ) traded up $0.05 during trading hours on Friday, reaching $21.20. The company had a trading volume of 252,695 shares, compared to its average volume of 520,986. The stock has a market capitalization of $535.29, a price-to-earnings ratio of 20.74, a PEG ratio of 1.08 and a beta of 1.39. Zumiez Inc. has a 52-week low of $11.43 and a 52-week high of $26.55.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, November 30th. The apparel and footwear maker reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. The firm had revenue of $245.80 million for the quarter, compared to analyst estimates of $244.50 million. Zumiez had a return on equity of 7.99% and a net margin of 2.84%. Zumiez’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 earnings per share. equities research analysts forecast that Zumiez Inc. will post 1.09 EPS for the current fiscal year.
Several analysts have recently issued reports on the company. Jefferies Group reiterated a “hold” rating and issued a $21.00 price objective on shares of Zumiez in a research note on Sunday, December 3rd. B. Riley reiterated a “buy” rating and issued a $18.00 price objective on shares of Zumiez in a research note on Wednesday, September 13th. BMO Capital Markets set a $20.00 price objective on Zumiez and gave the company a “hold” rating in a research note on Friday, December 1st. Robert W. Baird reiterated a “neutral” rating and issued a $17.00 price objective on shares of Zumiez in a research note on Tuesday, October 3rd. Finally, BidaskClub upgraded Zumiez from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $20.00.
A number of large investors have recently bought and sold shares of the stock. Algert Global LLC purchased a new position in Zumiez in the third quarter valued at $269,000. California Public Employees Retirement System increased its holdings in Zumiez by 28.0% in the third quarter. California Public Employees Retirement System now owns 87,312 shares of the apparel and footwear maker’s stock valued at $1,580,000 after buying an additional 19,112 shares during the last quarter. Highbridge Capital Management LLC increased its holdings in Zumiez by 410.7% in the third quarter. Highbridge Capital Management LLC now owns 66,094 shares of the apparel and footwear maker’s stock valued at $1,196,000 after buying an additional 53,152 shares during the last quarter. OxFORD Asset Management LLP purchased a new position in Zumiez in the third quarter valued at $432,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in Zumiez by 23.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 215,652 shares of the apparel and footwear maker’s stock valued at $3,904,000 after buying an additional 41,008 shares during the last quarter. 74.76% of the stock is currently owned by hedge funds and other institutional investors.
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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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