A number of other equities analysts also recently weighed in on the stock. Robert W. Baird set a $33.00 price target on shares of Zumiez and gave the stock a “hold” rating in a research note on Friday, September 6th. DA Davidson increased their price target on shares of Zumiez to $28.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Pivotal Research increased their price target on shares of Zumiez from $22.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. BidaskClub downgraded shares of Zumiez from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 13th. Finally, Jefferies Financial Group raised their target price on shares of Zumiez from $34.00 to $38.00 and gave the company a “positive” rating in a research note on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $29.29.
NASDAQ:ZUMZ opened at $29.97 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 2.06 and a debt-to-equity ratio of 0.73. The company has a market cap of $772.15 million, a P/E ratio of 16.74, a P/E/G ratio of 1.14 and a beta of 1.45. Zumiez has a fifty-two week low of $17.57 and a fifty-two week high of $34.15. The firm’s 50 day moving average is $31.12 and its two-hundred day moving average is $27.01.
Zumiez (NASDAQ:ZUMZ) last posted its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.17. The company had revenue of $228.40 million for the quarter, compared to the consensus estimate of $223.65 million. Zumiez had a net margin of 5.35% and a return on equity of 13.59%. Zumiez’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 earnings per share. Research analysts forecast that Zumiez will post 2.16 earnings per share for the current fiscal year.
In other news, CEO Richard Miles Brooks sold 80,000 shares of the firm’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 transaction, the chief executive officer now owns 2,653,024 shares of the company’s stock, valued at approximately $79,590,720. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chris K. Visser sold 4,095 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were 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. In the last three months, insiders sold 412,516 shares of company stock worth $12,839,390. Insiders own 23.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its stake in Zumiez by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 29,548 shares of the apparel and footwear maker’s stock worth $771,000 after buying an additional 403 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Zumiez during the 2nd quarter worth $71,000. Swiss National Bank increased its stake in Zumiez by 8.9% during the 2nd quarter. Swiss National Bank now owns 38,000 shares of the apparel and footwear maker’s stock worth $992,000 after buying an additional 3,100 shares during the period. GSA Capital Partners LLP purchased a new stake in Zumiez during the 2nd quarter worth $347,000. Finally, 361 Capital LLC purchased a new stake in Zumiez during the 2nd quarter worth $3,095,000. 86.17% of the stock is currently owned by hedge funds and other institutional investors.
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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