Zumiez Inc. (NASDAQ:ZUMZ) CEO Richard Miles Brooks sold 80,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $30.00, for a total value of $2,400,000.00. Following the completion of the sale, the chief executive officer now owns 2,653,024 shares in the company, valued at $79,590,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Richard Miles Brooks also recently made the following trade(s):
- On Monday, September 9th, Richard Miles Brooks sold 124,144 shares of Zumiez stock. The stock was sold at an average price of $33.07, for a total value of $4,105,442.08.
- On Friday, September 6th, Richard Miles Brooks sold 180,000 shares of Zumiez stock. The shares were sold at an average price of $30.07, for a total value of $5,412,600.00.
Zumiez stock traded down $0.29 on Wednesday, reaching $29.97. The company’s stock had a trading volume of 659,423 shares, compared to its average volume of 434,351. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 2.06. The company has a market cap of $761.06 million, a price-to-earnings ratio of 16.74, a PEG ratio of 1.14 and a beta of 1.45. The business’s fifty day moving average price is $31.13 and its 200 day moving average price is $26.97. Zumiez Inc. has a twelve month low of $17.57 and a twelve month high of $34.15.
Zumiez (NASDAQ:ZUMZ) last announced its earnings results on Thursday, September 5th. The apparel and footwear maker reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.17. Zumiez had a return on equity of 13.59% and a net margin of 5.35%. The company had revenue of $228.40 million during the quarter, compared to analyst estimates of $223.65 million. During the same period last year, the company posted $0.17 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts forecast that Zumiez Inc. will post 2.16 earnings per share for the current year.
A number of large investors have recently modified their holdings of the business. Arizona State Retirement System increased its position in Zumiez by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 29,548 shares of the apparel and footwear maker’s stock valued at $771,000 after acquiring an additional 403 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Zumiez during the second quarter valued at approximately $71,000. Swiss National Bank grew its stake in shares of Zumiez by 8.9% during the second quarter. Swiss National Bank now owns 38,000 shares of the apparel and footwear maker’s stock valued at $992,000 after purchasing an additional 3,100 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Zumiez in the second quarter valued at approximately $347,000. Finally, 361 Capital LLC acquired a new stake in shares of Zumiez in the second quarter valued at approximately $3,095,000. 86.17% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on ZUMZ shares. DA Davidson upped their target price on shares of Zumiez to $28.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. B. Riley increased their target price on shares of Zumiez from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. BidaskClub downgraded shares of Zumiez from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 13th. Robert W. Baird set a $33.00 price target on shares of Zumiez and gave the company a “hold” rating in a research report on Friday, September 6th. Finally, TheStreet raised shares of Zumiez from a “c+” rating to a “b” rating in a research note on Thursday, September 5th. Two analysts have rated the stock with a sell rating, three have issued 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 $29.29.
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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