Several other equities research analysts have also issued reports on ZUMZ. B. Riley lifted their price target on shares of Zumiez from $28.00 to $32.00 and gave the company a buy rating in a report on Friday, September 6th. ValuEngine lowered shares of Zumiez from a sell rating to a strong sell rating in a report on Monday, October 7th. DA Davidson lifted their price target on shares of Zumiez to $28.00 and gave the company a neutral rating in a report on Friday, September 6th. Robert W. Baird set a $33.00 price target on shares of Zumiez and gave the company a hold rating in a report on Friday, September 6th. Finally, Pivotal Research lifted their price target on shares of Zumiez from $22.00 to $26.00 and gave the company a hold rating in a report on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $26.83.
Shares of ZUMZ traded up $0.06 during midday trading on Wednesday, reaching $30.47. The stock had a trading volume of 297,100 shares, compared to its average volume of 294,630. The firm has a 50 day simple moving average of $31.53 and a 200-day simple moving average of $26.60. The firm has a market cap of $780.90 million, a PE ratio of 17.02, a P/E/G ratio of 1.17 and a beta of 1.50. 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 has a one year low of $17.57 and a one year high of $34.15.
Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, September 5th. The apparel and footwear maker reported $0.36 EPS for the quarter, beating the consensus estimate of $0.19 by $0.17. The company 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 business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 EPS. As a group, research analysts forecast that Zumiez will post 2.16 EPS for the current fiscal year.
In other news, insider Chris K. Visser sold 4,095 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $34.00, for a total value of $139,230.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Adam Christopher Ellis sold 8,315 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $32.51, for a total transaction of $270,320.65. The disclosure for this sale can be found here. Insiders have sold a total of 332,516 shares of company stock worth $10,439,390 over the last three months. Insiders own 23.10% of the company’s stock.
Large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Zumiez by 46.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the apparel and footwear maker’s stock valued at $50,000 after acquiring an additional 504 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Zumiez during the 2nd quarter valued at $69,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Zumiez during the 2nd quarter valued at $71,000. Mason Street Advisors LLC lifted its position in shares of Zumiez by 8.7% during the 3rd quarter. Mason Street Advisors LLC now owns 6,911 shares of the apparel and footwear maker’s stock valued at $219,000 after acquiring an additional 553 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in shares of Zumiez during the 3rd quarter valued at $226,000. 83.62% of the stock is currently owned by institutional investors.
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 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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