Chris K. Visser Sells 1,851 Shares of Zumiez Inc. (NASDAQ:ZUMZ) Stock

Zumiez Inc. (NASDAQ:ZUMZ) insider Chris K. Visser sold 1,851 shares of the company’s stock in a transaction on Tuesday, June 8th. The shares were sold at an average price of $49.53, for a total transaction of $91,680.03. Following the completion of the sale, the insider now owns 10,023 shares of the company’s stock, valued at approximately $496,439.19. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Chris K. Visser also recently made the following trade(s):

  • On Monday, March 22nd, Chris K. Visser sold 25,227 shares of Zumiez stock. The stock was sold at an average price of $44.48, for a total value of $1,122,096.96.

ZUMZ opened at $46.44 on Friday. The company has a 50-day moving average of $44.40. The stock has a market capitalization of $1.20 billion, a PE ratio of 15.43 and a beta of 1.78. Zumiez Inc. has a twelve month low of $20.88 and a twelve month high of $50.06.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings results on Wednesday, June 2nd. The apparel and footwear maker reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.99. Zumiez had a net margin of 7.69% and a return on equity of 15.92%. The business had revenue of $279.07 million during the quarter, compared to analysts’ expectations of $221.85 million. During the same quarter in the prior year, the company posted ($0.84) EPS. The firm’s revenue for the quarter was up 102.6% compared to the same quarter last year. As a group, equities research analysts predict that Zumiez Inc. will post 3.19 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of ZUMZ. BlackRock Inc. lifted its holdings in shares of Zumiez by 4.2% in the first quarter. BlackRock Inc. now owns 3,587,679 shares of the apparel and footwear maker’s stock worth $153,911,000 after buying an additional 143,586 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Zumiez by 7.6% during the first quarter. JPMorgan Chase & Co. now owns 491,659 shares of the apparel and footwear maker’s stock valued at $21,093,000 after purchasing an additional 34,913 shares during the period. Geode Capital Management LLC lifted its stake in Zumiez by 10.8% in the first quarter. Geode Capital Management LLC now owns 351,937 shares of the apparel and footwear maker’s stock worth $15,098,000 after acquiring an additional 34,166 shares during the period. Paradigm Capital Management Inc. NY lifted its stake in Zumiez by 37.0% in the first quarter. Paradigm Capital Management Inc. NY now owns 288,300 shares of the apparel and footwear maker’s stock worth $12,368,000 after acquiring an additional 77,900 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Zumiez by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 235,093 shares of the apparel and footwear maker’s stock valued at $10,085,000 after buying an additional 2,682 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on the company. Pivotal Research increased their target price on Zumiez from $45.00 to $49.00 and gave the stock a “hold” rating in a report on Tuesday, March 9th. B. Riley increased their price objective on shares of Zumiez from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, June 4th. Finally, Zacks Investment Research upgraded shares of Zumiez from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Zumiez currently has a consensus rating of “Buy” and an average price target of $51.25.

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 March 6, 2021, the company operated 722 stores, including 602 stores in the United States, 52 stores in Canada, 54 stores in Europe, and 14 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times.

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Insider Buying and Selling by Quarter for Zumiez (NASDAQ:ZUMZ)

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