A number of other research firms also recently weighed in on ZUMZ. DA Davidson increased their target price on shares of Zumiez to $28.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. B. Riley increased their target price on shares of Zumiez from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, September 6th. ValuEngine downgraded shares of Zumiez from a “sell” rating to a “strong sell” rating in a research report on Monday, October 7th. Robert W. Baird set a $33.00 target price on shares of Zumiez and gave the company a “hold” rating in a research report on Friday, September 6th. Finally, Pivotal Research increased their target price on shares of Zumiez from $22.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Two investment 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’s stock. Zumiez presently has a consensus rating of “Hold” and an average target price of $26.83.
ZUMZ stock traded up $0.06 during midday trading on Wednesday, hitting $30.47. The stock had a trading volume of 297,100 shares, compared to its average volume of 294,630. Zumiez has a 1-year low of $17.57 and a 1-year high of $34.15. The business has a fifty day moving average price of $31.53 and a two-hundred day moving average price of $26.60. The firm has a market cap of $780.90 million, a P/E ratio of 17.02, a price-to-earnings-growth 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 (NASDAQ:ZUMZ) last released 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 net margin of 5.35% and a return on equity of 13.59%. The firm had revenue of $228.40 million during the quarter, compared to the consensus estimate of $223.65 million. During the same period in the prior year, the firm earned $0.17 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Zumiez will post 2.16 EPS for the current year.
In other Zumiez news, CEO Richard Miles Brooks sold 180,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $30.07, for a total value of $5,412,600.00. Following the sale, the chief executive officer now directly owns 2,893,024 shares in the company, valued at approximately $86,993,231.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris K. Visser sold 4,095 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $34.00, for a total transaction of $139,230.00. The disclosure for this sale can be found here. Insiders sold a total of 332,516 shares of company stock worth $10,439,390 over the last quarter. Corporate insiders own 23.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mason Street Advisors LLC lifted its stake in Zumiez by 8.7% in the 3rd quarter. Mason Street Advisors LLC now owns 6,911 shares of the apparel and footwear maker’s stock worth $219,000 after purchasing an additional 553 shares in the last quarter. Alps Advisors Inc. purchased a new stake in shares of Zumiez during the 3rd quarter valued at $363,000. SG Americas Securities LLC purchased a new stake in shares of Zumiez during the 3rd quarter valued at $2,182,000. First Trust Advisors LP raised its position in shares of Zumiez by 34.7% during the 3rd quarter. First Trust Advisors LP now owns 46,462 shares of the apparel and footwear maker’s stock valued at $1,472,000 after buying an additional 11,971 shares in the last quarter. Finally, Mackay Shields LLC purchased a new stake in shares of Zumiez during the 3rd quarter valued at $881,000. Institutional investors and hedge funds own 83.62% of the company’s stock.
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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