Zumiez Inc. (NASDAQ:ZUMZ) has earned a consensus recommendation of “Hold” from the ten research firms that are covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $25.17.
ZUMZ has been the subject of a number of recent research reports. Pivotal Research downgraded Zumiez from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $26.00 in a research report on Monday, March 11th. Zacks Investment Research downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Wednesday, December 26th. ValuEngine upgraded Zumiez from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Finally, BidaskClub upgraded Zumiez from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 27th.
NASDAQ:ZUMZ traded up $0.12 during mid-day trading on Tuesday, reaching $26.58. The stock had a trading volume of 228,457 shares, compared to its average volume of 339,104. The company has a market capitalization of $678.35 million, a price-to-earnings ratio of 14.85, a PEG ratio of 1.07 and a beta of 1.23. Zumiez has a one year low of $17.57 and a one year high of $32.70.
Zumiez (NASDAQ:ZUMZ) last released its earnings results on Thursday, March 14th. The apparel and footwear maker reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.07. The company had revenue of $304.56 million during the quarter, compared to the consensus estimate of $305.55 million. Zumiez had a return on equity of 12.24% and a net margin of 4.62%. Zumiez’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. On average, research analysts anticipate that Zumiez will post 1.85 EPS for the current fiscal year.
In other Zumiez news, Director Scott Andrew Bailey sold 5,986 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $25.94, for a total value of $155,276.84. Following the completion of the sale, the director now owns 3,189 shares in the company, valued at $82,722.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 27.70% of the company’s stock.
A number of hedge funds have recently made changes to their positions in ZUMZ. Pearl River Capital LLC bought a new stake in Zumiez in the fourth quarter valued at approximately $31,000. Pacer Advisors Inc. lifted its position in Zumiez by 246.0% in the third quarter. Pacer Advisors Inc. now owns 4,637 shares of the apparel and footwear maker’s stock valued at $122,000 after purchasing an additional 3,297 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in Zumiez by 339.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,388 shares of the apparel and footwear maker’s stock valued at $122,000 after purchasing an additional 4,933 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new stake in Zumiez in the fourth quarter valued at approximately $138,000. Finally, Bowling Portfolio Management LLC bought a new stake in Zumiez in the first quarter valued at approximately $208,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.
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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