Insider Selling: Zumiez Inc. (NASDAQ:ZUMZ) CEO Sells 80,000 Shares of Stock

Zumiez Inc. (NASDAQ:ZUMZ) CEO Richard Miles Brooks sold 80,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $30.00, for a total value of $2,400,000.00. Following the sale, the chief executive officer now owns 2,653,024 shares of the company’s stock, valued at $79,590,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 shares were 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.

Shares of ZUMZ stock traded down $0.29 on Wednesday, hitting $29.97. The company’s stock had a trading volume of 659,423 shares, compared to its average volume of 434,351. The stock has a market capitalization of $761.06 million, a price-to-earnings ratio of 16.74, a P/E/G ratio of 1.14 and a beta of 1.45. Zumiez Inc. has a fifty-two week low of $17.57 and a fifty-two week high of $34.15. The firm’s fifty day moving average price is $31.13 and its 200-day moving average price is $26.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.06 and a quick ratio of 1.23.

Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, September 5th. The apparel and footwear maker reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $223.65 million. During the same period last year, the company earned $0.17 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. Analysts predict that Zumiez Inc. will post 2.16 EPS for the current fiscal year.

Several brokerages have weighed in on ZUMZ. Robert W. Baird set a $33.00 target price on Zumiez and gave the stock a “hold” rating in a research report on Friday, September 6th. Pivotal Research reiterated a “hold” rating and set a $32.00 price target on shares of Zumiez in a report on Tuesday. DA Davidson boosted their price target on Zumiez to $28.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. TheStreet upgraded Zumiez from a “c+” rating to a “b” rating in a report on Thursday, September 5th. Finally, BidaskClub downgraded Zumiez from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Zumiez presently has a consensus rating of “Hold” and an average target price of $29.29.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in shares of Zumiez by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 31,099 shares of the apparel and footwear maker’s stock valued at $985,000 after acquiring an additional 371 shares in the last quarter. Arizona State Retirement System raised its position in shares of Zumiez by 1.4% in the second quarter. Arizona State Retirement System now owns 29,548 shares of the apparel and footwear maker’s stock valued at $771,000 after purchasing an additional 403 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Zumiez by 46.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,578 shares of the apparel and footwear maker’s stock valued at $50,000 after purchasing an additional 504 shares during the period. Bank of America Corp DE lifted its stake in shares of Zumiez by 1.3% in the second quarter. Bank of America Corp DE now owns 40,645 shares of the apparel and footwear maker’s stock worth $1,060,000 after buying an additional 517 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its stake in shares of Zumiez by 8.7% in the third quarter. Mason Street Advisors LLC now owns 6,911 shares of the apparel and footwear maker’s stock worth $219,000 after buying an additional 553 shares during the last quarter. Institutional investors own 86.17% of the company’s stock.

About Zumiez

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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