Wall Street Zen Downgrades Zumiez (NASDAQ:ZUMZ) to Sell

Zumiez (NASDAQ:ZUMZ) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings cut Zumiez from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Zumiez Price Performance

ZUMZ opened at $18.03 on Friday. The stock has a market cap of $304.17 million, a PE ratio of 21.72 and a beta of 1.00. Zumiez has a 52 week low of $15.09 and a 52 week high of $31.70. The business’s fifty day simple moving average is $18.58 and its 200 day simple moving average is $21.32.

Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings results on Thursday, June 4th. The apparel and footwear maker reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.81) by ($0.01). Zumiez had a net margin of 1.54% and a return on equity of 4.24%. The firm had revenue of $193.35 million for the quarter, compared to analysts’ expectations of $191.02 million. During the same quarter in the previous year, the business earned ($0.66) EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities analysts anticipate that Zumiez will post 0.87 earnings per share for the current year.

Insider Activity at Zumiez

In related news, Director Liliana Valletta sold 3,841 shares of Zumiez stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $18.82, for a total value of $72,287.62. Following the transaction, the director owned 7,123 shares in the company, valued at $134,054.86. This trade represents a 35.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 6,000 shares of company stock worth $112,987. 24.30% of the stock is currently owned by company insiders.

Institutional Trading of Zumiez

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Zumiez in the second quarter worth about $34,481,000. Dimensional Fund Advisors LP boosted its holdings in Zumiez by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,015,576 shares of the apparel and footwear maker’s stock valued at $22,504,000 after acquiring an additional 3,710 shares during the period. Paradigm Capital Management Inc. NY boosted its holdings in Zumiez by 478.0% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 768,691 shares of the apparel and footwear maker’s stock valued at $10,193,000 after acquiring an additional 635,691 shares during the period. Goldman Sachs Group Inc. grew its position in Zumiez by 6.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 645,849 shares of the apparel and footwear maker’s stock worth $16,824,000 after acquiring an additional 38,956 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Zumiez by 45.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 562,252 shares of the apparel and footwear maker’s stock worth $7,455,000 after acquiring an additional 176,835 shares during the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Zumiez Company Profile

Zumiez, Inc (NASDAQ: ZUMZ) is a specialty retailer offering apparel, footwear, accessories and hardgoods targeted at the action-sports lifestyle market. With a focus on skateboarding, snowboarding, BMX and streetwear, the company stocks a mix of leading third-party brands—such as Vans, Nike SB, DC Shoes and The North Face—alongside proprietary private-label merchandise. In addition to traditional fashion items, Zumiez stores carry hardware and equipment tailored to board sports, supporting both amateur and enthusiast consumers.

Originally founded in 1978 in Seattle, Washington, by Tom Campion, Gary Haakenson and Steve Brosvik, Zumiez opened its first branded retail location in 1988.