Zumiez Inc. (NASDAQ:ZUMZ)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $18.52 and last traded at $19.56, with a volume of 52917 shares changing hands. The stock had previously closed at $19.21.
Several equities analysts have recently issued reports on the company. Pivotal Research raised Zumiez from a “hold” rating to a “buy” rating and upped their price target for the company from $30.00 to $36.00 in a research note on Tuesday, September 4th. TheStreet raised Zumiez from a “c+” rating to a “b” rating in a research note on Friday, September 7th. B. Riley upped their price objective on Zumiez from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, September 7th. BidaskClub upgraded Zumiez from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 16th. Finally, ValuEngine upgraded Zumiez from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.00.
The firm has a market cap of $491.50 million, a P/E ratio of 16.65, a PEG ratio of 0.91 and a beta of 1.23.
Zumiez (NASDAQ:ZUMZ) last released its quarterly earnings data on Thursday, December 6th. The apparel and footwear maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. The business had revenue of $248.80 million during the quarter, compared to the consensus estimate of $248.70 million. Zumiez had a return on equity of 10.16% and a net margin of 3.62%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share. On average, sell-side analysts predict that Zumiez Inc. will post 1.69 earnings per share for the current year.
In other Zumiez news, Director Travis Smith sold 3,193 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $28.85, for a total value of $92,118.05. Following the completion of the sale, the director now directly owns 17,770 shares in the company, valued at $512,664.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chris K. Visser sold 1,934 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $28.08, for a total value of $54,306.72. The disclosure for this sale can be found here. Corporate insiders own 27.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its holdings in shares of Zumiez by 6.5% in the second quarter. Public Employees Retirement System of Ohio now owns 36,737 shares of the apparel and footwear maker’s stock worth $920,000 after acquiring an additional 2,250 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Zumiez by 7.0% in the second quarter. Legal & General Group Plc now owns 36,176 shares of the apparel and footwear maker’s stock worth $926,000 after acquiring an additional 2,354 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Zumiez by 23.3% in the second quarter. Russell Investments Group Ltd. now owns 13,067 shares of the apparel and footwear maker’s stock worth $327,000 after acquiring an additional 2,467 shares in the last quarter. Laurion Capital Management LP increased its holdings in shares of Zumiez by 8.8% in the second quarter. Laurion Capital Management LP now owns 32,105 shares of the apparel and footwear maker’s stock worth $804,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Zumiez by 246.0% in the third quarter. Pacer Advisors Inc. now owns 4,637 shares of the apparel and footwear maker’s stock worth $122,000 after acquiring an additional 3,297 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.
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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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