Zumiez Inc. (NASDAQ:ZUMZ) Given Average Rating of “Hold” by Analysts

Shares of Zumiez Inc. (NASDAQ:ZUMZ) have received a consensus recommendation of “Hold” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $28.43.

Several equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Zumiez from a “sell” rating to a “strong sell” rating in a research report on Monday, October 7th. TheStreet raised shares of Zumiez from a “c+” rating to a “b” rating in a research report on Thursday, September 5th. DA Davidson increased their price objective on shares of Zumiez to $28.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. B. Riley increased their price objective on shares of Zumiez from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, BidaskClub downgraded shares of Zumiez from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 13th.

Shares of ZUMZ stock traded up $1.04 during trading hours on Wednesday, hitting $30.58. 763,426 shares of the company were exchanged, compared to its average volume of 431,404. The business has a 50 day moving average of $31.22 and a two-hundred day moving average of $26.83. 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 has a 52 week low of $17.57 and a 52 week high of $34.15. The company has a market capitalization of $761.06 million, a PE ratio of 17.12, a PEG ratio of 1.14 and a beta of 1.45.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings data on Thursday, September 5th. The apparel and footwear maker reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $228.40 million during the quarter, compared to the consensus estimate of $223.65 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, research analysts forecast that Zumiez will post 2.16 EPS for the current year.

In related news, insider Adam Christopher Ellis sold 8,315 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $32.51, for a total value of $270,320.65. 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 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 ninety days, insiders sold 332,516 shares of company stock valued at $10,439,390. 23.10% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its stake in Zumiez by 1.2% in the third 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 during the last quarter. Arizona State Retirement System lifted its stake in 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 acquiring an additional 403 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in 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 acquiring an additional 504 shares during the last quarter. Bank of America Corp DE lifted its stake in 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 valued at $1,060,000 after acquiring an additional 517 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in Zumiez by 5.1% in the second quarter. Crossmark Global Holdings Inc. now owns 11,030 shares of the apparel and footwear maker’s stock valued at $288,000 after acquiring an additional 540 shares during the last quarter. 86.17% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Zumiez (NASDAQ:ZUMZ)

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