Zumiez (NASDAQ:ZUMZ) Shares Up 5.3%

Zumiez Inc. (NASDAQ:ZUMZ) shot up 5.3% on Monday . The stock traded as high as $31.81 and last traded at $31.68, 518,765 shares changed hands during trading. An increase of 15% from the average session volume of 450,386 shares. The stock had previously closed at $30.07.

Several brokerages have weighed in on ZUMZ. BidaskClub downgraded Zumiez from a “strong-buy” rating to a “buy” rating in a report on Friday, September 20th. Pivotal Research upped their price target on Zumiez from $22.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Robert W. Baird set a $33.00 price target on Zumiez and gave the stock a “hold” rating in a report on Friday, September 6th. B. Riley upped their price target on Zumiez from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Wedbush set a $17.00 price target on Zumiez and gave the stock a “sell” rating in a report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.00.

The company has a fifty day simple moving average of $27.28 and a two-hundred day simple moving average of $25.10. The company has a current ratio of 2.06, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The company has a market cap of $774.60 million, a PE ratio of 17.70, a P/E/G ratio of 1.18 and a beta of 1.54.

Zumiez (NASDAQ:ZUMZ) last issued its quarterly earnings results on Thursday, September 5th. The apparel and footwear maker reported $0.36 earnings per share for the quarter, topping 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 the consensus estimate of $223.65 million. During the same quarter in the prior year, the business earned $0.17 EPS. Zumiez’s revenue was up 4.3% on a year-over-year basis. On average, research analysts anticipate that Zumiez Inc. will post 2.16 EPS for the current fiscal year.

In other news, insider Chris K. Visser sold 12,762 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $32.28, for a total value of $411,957.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Scott Andrew Bailey sold 2,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $30.72, for a total value of $61,440.00. Following the completion of the transaction, the director now owns 5,451 shares in the company, valued at approximately $167,454.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 328,421 shares of company stock worth $10,300,160. Company insiders own 23.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZUMZ. BNP Paribas Arbitrage SA increased its holdings in shares of Zumiez by 853.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,310 shares of the apparel and footwear maker’s stock valued at $107,000 after acquiring an additional 3,858 shares during the last quarter. Rhumbline Advisers grew its stake in Zumiez by 1.7% during the 1st quarter. Rhumbline Advisers now owns 55,244 shares of the apparel and footwear maker’s stock worth $1,375,000 after buying an additional 898 shares during the last quarter. Comerica Bank grew its stake in Zumiez by 3.9% during the 1st quarter. Comerica Bank now owns 18,824 shares of the apparel and footwear maker’s stock worth $503,000 after buying an additional 698 shares during the last quarter. Texas Permanent School Fund grew its stake in Zumiez by 3.8% during the 1st quarter. Texas Permanent School Fund now owns 12,828 shares of the apparel and footwear maker’s stock worth $319,000 after buying an additional 465 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in Zumiez by 8.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,483 shares of the apparel and footwear maker’s stock worth $435,000 after buying an additional 1,307 shares during the last quarter. Institutional investors and hedge funds own 83.43% of the company’s stock.

About Zumiez (NASDAQ:ZUMZ)

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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