Zumiez (NASDAQ:ZUMZ) Stock Price Crosses Above 200 Day Moving Average of $17.21

Zumiez Inc. (NASDAQ:ZUMZ)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.21 and traded as high as $17.24. Zumiez shares last traded at $16.90, with a volume of 602,471 shares.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ZUMZ shares. B. Riley lowered their price objective on Zumiez from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, March 20th. StockNews.com raised Zumiez from a “sell” rating to a “hold” rating in a report on Friday, April 12th.

Zumiez Price Performance

The company has a market cap of $335.13 million, a P/E ratio of -5.20 and a beta of 1.46. The company has a 50 day moving average of $15.64 and a 200-day moving average of $17.21.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, March 14th. The apparel and footwear maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.14. Zumiez had a negative return on equity of 5.70% and a negative net margin of 7.15%. The business had revenue of $281.82 million for the quarter, compared to the consensus estimate of $275.98 million. Research analysts anticipate that Zumiez Inc. will post -0.17 EPS for the current year.

Insider Buying and Selling at Zumiez

In related news, insider Adam Christopher Ellis acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were purchased at an average price of $14.31 per share, for a total transaction of $143,100.00. Following the completion of the acquisition, the insider now owns 57,917 shares in the company, valued at $828,792.27. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 20.20% of the company’s stock.

Institutional Trading of Zumiez

Several large investors have recently modified their holdings of ZUMZ. SG Americas Securities LLC boosted its position in Zumiez by 79.3% during the 3rd quarter. SG Americas Securities LLC now owns 14,278 shares of the apparel and footwear maker’s stock valued at $254,000 after acquiring an additional 6,313 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Zumiez by 95.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 108,700 shares of the apparel and footwear maker’s stock worth $1,870,000 after acquiring an additional 53,100 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Zumiez by 13.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 85,659 shares of the apparel and footwear maker’s stock worth $1,525,000 after acquiring an additional 9,978 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Zumiez by 19.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,100 shares of the apparel and footwear maker’s stock worth $73,000 after acquiring an additional 658 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Zumiez by 206.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 136,310 shares of the apparel and footwear maker’s stock valued at $2,426,000 after buying an additional 91,786 shares during the last quarter. 95.45% of the stock is owned by institutional investors.

About Zumiez

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.